2021-01-012021-12-312021-12-31false11494782ROGUE CYCLE LIMITED2022-08-08iso4217:GBPxbrli:pure114947822021-01-01114947822021-12-31114947822021-01-012021-12-31114947822020-01-01114947822020-12-31114947822020-01-012020-12-3111494782bus:SmallEntities2021-01-012021-12-3111494782bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3111494782bus:AbridgedAccounts2021-01-012021-12-3111494782bus:PrivateLimitedCompanyLtd2021-01-012021-12-3111494782core:WithinOneYear2021-12-3111494782core:AfterOneYear2021-12-3111494782core:WithinOneYear2020-12-3111494782core:AfterOneYear2020-12-3111494782core:ShareCapital2021-12-3111494782core:SharePremium2021-12-3111494782core:RevaluationReserve2021-12-3111494782core:OtherReservesSubtotal2021-12-3111494782core:RetainedEarningsAccumulatedLosses2021-12-3111494782core:ShareCapital2020-12-3111494782core:SharePremium2020-12-3111494782core:RevaluationReserve2020-12-3111494782core:OtherReservesSubtotal2020-12-3111494782core:RetainedEarningsAccumulatedLosses2020-12-3111494782core:LandBuildings2021-12-3111494782core:PlantMachinery2021-12-3111494782core:Vehicles2021-12-3111494782core:FurnitureFittings2021-12-3111494782core:OfficeEquipment2021-12-3111494782core:NetGoodwill2021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-12-3111494782core:ListedExchangeTraded2021-12-3111494782core:UnlistedNon-exchangeTraded2021-12-3111494782core:LandBuildings2020-12-3111494782core:PlantMachinery2020-12-3111494782core:Vehicles2020-12-3111494782core:FurnitureFittings2020-12-3111494782core:OfficeEquipment2020-12-3111494782core:NetGoodwill2020-12-3111494782core:IntangibleAssetsOtherThanGoodwill2020-12-3111494782core:ListedExchangeTraded2020-12-3111494782core:UnlistedNon-exchangeTraded2020-12-3111494782core:LandBuildings2021-01-012021-12-3111494782core:PlantMachinery2021-01-012021-12-3111494782core:Vehicles2021-01-012021-12-3111494782core:FurnitureFittings2021-01-012021-12-3111494782core:OfficeEquipment2021-01-012021-12-3111494782core:NetGoodwill2021-01-012021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111494782core:ListedExchangeTraded2021-01-012021-12-3111494782core:UnlistedNon-exchangeTraded2021-01-012021-12-3111494782core:MoreThanFiveYears2021-01-012021-12-3111494782core:Non-currentFinancialInstruments2021-12-3111494782core:Non-currentFinancialInstruments2020-12-3111494782dpl:CostSales2021-01-012021-12-3111494782dpl:DistributionCosts2021-01-012021-12-3111494782dpl:AdministrativeExpenses2021-01-012021-12-3111494782core:LandBuildings2021-01-012021-12-3111494782core:PlantMachinery2021-01-012021-12-3111494782core:Vehicles2021-01-012021-12-3111494782core:FurnitureFittings2021-01-012021-12-3111494782core:OfficeEquipment2021-01-012021-12-3111494782core:NetGoodwill2021-01-012021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111494782dpl:GroupUndertakings2021-01-012021-12-3111494782dpl:ParticipatingInterests2021-01-012021-12-3111494782dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111494782core:ListedExchangeTraded2021-01-012021-12-3111494782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111494782core:UnlistedNon-exchangeTraded2021-01-012021-12-3111494782dpl:CostSales2020-01-012020-12-3111494782dpl:DistributionCosts2020-01-012020-12-3111494782dpl:AdministrativeExpenses2020-01-012020-12-3111494782core:LandBuildings2020-01-012020-12-3111494782core:PlantMachinery2020-01-012020-12-3111494782core:Vehicles2020-01-012020-12-3111494782core:FurnitureFittings2020-01-012020-12-3111494782core:OfficeEquipment2020-01-012020-12-3111494782core:NetGoodwill2020-01-012020-12-3111494782core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3111494782dpl:GroupUndertakings2020-01-012020-12-3111494782dpl:ParticipatingInterests2020-01-012020-12-3111494782dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3111494782core:ListedExchangeTraded2020-01-012020-12-3111494782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3111494782core:UnlistedNon-exchangeTraded2020-01-012020-12-3111494782core:NetGoodwill2021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-12-3111494782core:LandBuildings2021-12-3111494782core:PlantMachinery2021-12-3111494782core:Vehicles2021-12-3111494782core:FurnitureFittings2021-12-3111494782core:OfficeEquipment2021-12-3111494782core:AfterOneYear2021-12-3111494782core:WithinOneYear2021-12-3111494782core:ListedExchangeTraded2021-12-3111494782core:UnlistedNon-exchangeTraded2021-12-3111494782core:ShareCapital2021-12-3111494782core:SharePremium2021-12-3111494782core:RevaluationReserve2021-12-3111494782core:OtherReservesSubtotal2021-12-3111494782core:RetainedEarningsAccumulatedLosses2021-12-3111494782core:NetGoodwill2020-12-3111494782core:IntangibleAssetsOtherThanGoodwill2020-12-3111494782core:LandBuildings2020-12-3111494782core:PlantMachinery2020-12-3111494782core:Vehicles2020-12-3111494782core:FurnitureFittings2020-12-3111494782core:OfficeEquipment2020-12-3111494782core:AfterOneYear2020-12-3111494782core:WithinOneYear2020-12-3111494782core:ListedExchangeTraded2020-12-3111494782core:UnlistedNon-exchangeTraded2020-12-3111494782core:ShareCapital2020-12-3111494782core:SharePremium2020-12-3111494782core:RevaluationReserve2020-12-3111494782core:OtherReservesSubtotal2020-12-3111494782core:RetainedEarningsAccumulatedLosses2020-12-3111494782core:NetGoodwill2020-01-0111494782core:IntangibleAssetsOtherThanGoodwill2020-01-0111494782core:LandBuildings2020-01-0111494782core:PlantMachinery2020-01-0111494782core:Vehicles2020-01-0111494782core:FurnitureFittings2020-01-0111494782core:OfficeEquipment2020-01-0111494782core:AfterOneYear2020-01-0111494782core:WithinOneYear2020-01-0111494782core:ListedExchangeTraded2020-01-0111494782core:UnlistedNon-exchangeTraded2020-01-0111494782core:ShareCapital2020-01-0111494782core:SharePremium2020-01-0111494782core:RevaluationReserve2020-01-0111494782core:OtherReservesSubtotal2020-01-0111494782core:RetainedEarningsAccumulatedLosses2020-01-0111494782core:AfterOneYear2021-01-012021-12-3111494782core:WithinOneYear2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:CostValuation2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3111494782core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3111494782core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3111494782core:Non-currentFinancialInstrumentscore:CostValuation2020-12-3111494782core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-12-3111494782core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-12-3111494782bus:Director12021-01-012021-12-3111494782bus:Director22021-01-012021-12-3111494782bus:Director32021-01-012021-12-31

ROGUE CYCLE LIMITED

Registered Number
11494782
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

ROGUE CYCLE LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

BRAGE, Manuel Santiago
LAW, Sarah Fiona
MCCARTHY, Paul Martin

Registered Address

6 Hillside Way
Withdean
Brighton
BN1 5FE

Registered Number

11494782 (England and Wales)
ROGUE CYCLE LIMITED
Statement of Financial Position
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets61,89727,017
1,89727,017
Current assets
Debtors1,6931,835
Cash at bank and on hand5,5463,015
7,2394,850
Creditors amounts falling due within one year(22,230)(30,962)
Net current assets (liabilities)(14,991)(26,112)
Total assets less current liabilities(13,094)905
Creditors amounts falling due after one year(222,496)(216,107)
Net assets(235,590)(215,202)
Capital and reserves
Called up share capital44
Profit and loss account(235,594)(215,206)
Shareholders' funds(235,590)(215,202)
The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2022, and are signed on its behalf by:
MCCARTHY, Paul Martin
Director
Registered Company No. 11494782
ROGUE CYCLE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Rogue Cycle Limited operates RogueFitness, a boutique fitness studio based in Brighton, offering indoor cycling.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Coronavirus (COVID-19) Business support grants are recognised once the entity's eligibility had been established and it becomes receivable.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Going concern
The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in the light of the significant uncertainty around the short to medium term impact of the Covid-19 virus. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.
5.Employee information
Pension costs The company operated a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

20212020
Average number of employees during the year1-
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 2174,976
At 31 December 2174,976
Depreciation and impairment
At 01 January 2147,959
Charge for year25,120
At 31 December 2173,080
Net book value
At 31 December 211,897
At 31 December 2027,017
7.Creditors or instalments due after 5 years
A bounce back loan of £20,000 was drawn down on 1st August 2020. This amount is included in long term liabilities. It is repayable within 10 years of the date of drawdown. The first repayment of £297.40 is due on 5th February 2023. The remainder is repayable in 88 equal monthly instalments of £297.40.
8.Description of nature of transactions and balances with related parties
As at 31 December 2021 the directors loan due from the company is £202,496 (2020 £177,496). The loans are included in long term liabilities and will not be redeemed until after 31 December 2022, and only when the directors consider that the company has the finances available to do so. The directors have agreed to waive any interest due under the loans in the period.
9.Further information regarding the company's financial position
The company began trading on 1 January 2019. Underlying losses, before disposals of fixed assets, have reduced significantly to £20,400 (2020 £45,700), even with the £8,800 net reduction in Covid Grants received in the year. The directors have continued to fund the company with an extra £25,000 in the financial year and do not plan to repay the loans until such time as the company has sufficient funds to do so. The company continues to grow after being forcibly closed for half of the previous year. The new studio at Brighton Station has seen good growth in sales in the period. The directors confirm they will continue to fund the company’s losses in 2022.