Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false04true2022-02-18trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13925296 2022-02-17 13925296 2022-02-18 2023-02-28 13925296 2021-02-18 2022-02-17 13925296 2023-02-28 13925296 c:Director1 2022-02-18 2023-02-28 13925296 d:FreeholdInvestmentProperty 2022-02-18 2023-02-28 13925296 d:FreeholdInvestmentProperty 2023-02-28 13925296 d:CurrentFinancialInstruments 2023-02-28 13925296 d:Non-currentFinancialInstruments 2023-02-28 13925296 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13925296 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13925296 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13925296 d:ShareCapital 2022-02-18 2023-02-28 13925296 d:ShareCapital 2023-02-28 13925296 d:RetainedEarningsAccumulatedLosses 2022-02-18 2023-02-28 13925296 d:RetainedEarningsAccumulatedLosses 2023-02-28 13925296 c:FRS102 2022-02-18 2023-02-28 13925296 c:AuditExempt-NoAccountantsReport 2022-02-18 2023-02-28 13925296 c:FullAccounts 2022-02-18 2023-02-28 13925296 c:PrivateLimitedCompanyLtd 2022-02-18 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 13925296










ROLAREN INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
ROLAREN INVESTMENTS LIMITED
REGISTERED NUMBER: 13925296

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,039,335

  
1,039,335

Current assets
  

Debtors: amounts falling due within one year
 5 
1,448

Cash at bank and in hand
  
3,384

  
4,832

Creditors: amounts falling due within one year
 6 
(561,231)

Net current liabilities
  
 
 
(556,399)

Total assets less current liabilities
  
482,936

Creditors: amounts falling due after more than one year
 7 
(487,952)

  

Net liabilities
  
(5,016)


Capital and reserves
  

Called up share capital 
  
2,200

Profit and loss account
  
(7,216)

  
(5,016)

Page 1

 
ROLAREN INVESTMENTS LIMITED
REGISTERED NUMBER: 13925296
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D W Richardson
Director
Date: 5 October 2023

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
ROLAREN INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(7,216)
(7,216)

Shares issued during the period
2,200
-
2,200


At 28 February 2023
2,200
(7,216)
(5,016)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ROLAREN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Rolaren Investments Limited (13925296) is a private company limited by shares and incorporated in England and Wales. The regsitered office is 124 City Road, London, England, EC1V 2NX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
ROLAREN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.

Page 5

 
ROLAREN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,039,335



At 28 February 2023
1,039,335

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
1,039,335


5.


Debtors

2023
£


Prepayments and accrued income
1,448

1,448



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
559,010

Accruals and deferred income
2,221

561,231


Page 6

 
ROLAREN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
487,952



8.


Loans


Analysis of the maturity of loans is given below:


2023
£




Amounts falling due after more than 5 years

Other loans
487,952


Creditors due over 5 years include a loan to the value of £487,952 which is secured by way of a fixed and floating charge over the freehold property.


9.


Related party transactions

Included in other creditors is an interest free loan to the value of £559,010 owed to a director of the company. 


10.


Comparatives

There are no comparative figures as this is the company's first period of trading.

 
Page 7