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REGISTERED NUMBER: 04835458 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Rooftops Letting & Management Limited

Rooftops Letting & Management Limited (Registered number: 04835458)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Rooftops Letting & Management Limited (Registered number: 04835458)

Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,000 60,000
Tangible assets 5 742 1,860
48,742 61,860

CURRENT ASSETS
Debtors 6 209,710 243,981
Cash at bank and in hand 46,682 60,374
256,392 304,355
CREDITORS
Amounts falling due within one year 7 252,313 192,974
NET CURRENT ASSETS 4,079 111,381
TOTAL ASSETS LESS CURRENT LIABILITIES 52,821 173,241

CREDITORS
Amounts falling due after more than one
year

8

(27,242

)

(36,667

)

PROVISIONS FOR LIABILITIES (141 ) (353 )
NET ASSETS 25,438 136,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,338 136,121
SHAREHOLDERS' FUNDS 25,438 136,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Rooftops Letting & Management Limited (Registered number: 04835458)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by:




Mr J C Harari - Director



Ms S J Henshaw - Director


Rooftops Letting & Management Limited (Registered number: 04835458)

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

1. STATUTORY INFORMATION

Rooftops Letting & Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04835458

Registered office: 26 Church Street
Wilmslow
Cheshire
SK9 1AU

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Rooftops Letting & Management Limited (Registered number: 04835458)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2021 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021
and 31 October 2022 320,000
AMORTISATION
At 1 November 2021 260,000
Amortisation for year 12,000
At 31 October 2022 272,000
NET BOOK VALUE
At 31 October 2022 48,000
At 31 October 2021 60,000

Rooftops Letting & Management Limited (Registered number: 04835458)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2021
and 31 October 2022 3,352
DEPRECIATION
At 1 November 2021 1,492
Charge for year 1,118
At 31 October 2022 2,610
NET BOOK VALUE
At 31 October 2022 742
At 31 October 2021 1,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 209,710 243,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 82,781 76,089
Trade creditors 28,162 18,493
Taxation and social security 111,275 77,705
Other creditors 30,095 20,687
252,313 192,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,242 36,667

Rooftops Letting & Management Limited (Registered number: 04835458)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
Mr J C Harari
Balance outstanding at start of year 91,159 134,094
Amounts advanced 133,140 95,849
Amounts repaid (132,044 ) (138,784 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,255 91,159

Ms S J Henshaw
Balance outstanding at start of year 87,095 136,273
Amounts advanced 109,391 102,171
Amounts repaid (111,428 ) (151,349 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,058 87,095

Interest has been charged on balances due from directors at HMRC's approved rates.