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REGISTERED NUMBER: 11914011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Rocky's Residential Ltd

Rocky's Residential Ltd (Registered number: 11914011)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rocky's Residential Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: C Devine
Mrs K E Devine





REGISTERED OFFICE: c/o ABC Accounting Services
Unit 1 Sandars Road
Heapham Road Industrial Estate
Gainsborough
Lincolnshire
DN21 1RZ





REGISTERED NUMBER: 11914011 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
Unit 1, Sandars Road
Heapham Rd Ind Estate
Gainsborough
Lincolnshire
DN21 1RZ

Rocky's Residential Ltd (Registered number: 11914011)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 502 451
Investment property 5 390,890 390,890
391,392 391,341

CURRENT ASSETS
Cash at bank 1,585 2,312

CREDITORS
Amounts falling due within one year 6 105,247 105,974
NET CURRENT LIABILITIES (103,662 ) (103,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,730

287,679

CREDITORS
Amounts falling due after more than one
year

7

283,754

283,754
NET ASSETS 3,976 3,925

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,975 3,924
SHAREHOLDERS' FUNDS 3,976 3,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rocky's Residential Ltd (Registered number: 11914011)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





C Devine - Director


Rocky's Residential Ltd (Registered number: 11914011)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Rocky's Residential Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover
Turnover represents residential property rents received. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.In view of the immaterial amount involved, no provision has been made in the accounts in respect of accelerated capital allowances.

No provision is required in respect of gains arising from the fair value review of investment properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

Rocky's Residential Ltd (Registered number: 11914011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021 - 676 676
Additions 345 - 345
At 31 March 2022 345 676 1,021
DEPRECIATION
At 1 April 2021 - 225 225
Charge for year 69 225 294
At 31 March 2022 69 450 519
NET BOOK VALUE
At 31 March 2022 276 226 502
At 31 March 2021 - 451 451

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 390,890
NET BOOK VALUE
At 31 March 2022 390,890
At 31 March 2021 390,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Tax - 815
Directors' current accounts 104,756 104,739
Accrued expenses 491 420
105,247 105,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Mortgages 283,754 283,754

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 283,754 283,754

Rocky's Residential Ltd (Registered number: 11914011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. ULTIMATE CONTROLLING PARTY

The controlling party is C Devine.

At the year end the company owed the director £104,756, (2021, £104,739).