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REGISTERED NUMBER: 02923902 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ROGERSON HOLDINGS LIMITED

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROGERSON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: M J Rogerson
S G Rogerson





SECRETARY: Mrs A J Rogerson





REGISTERED OFFICE: Church Field House
Church Field Road
Sudbury
Suffolk
CO10 2YA





REGISTERED NUMBER: 02923902 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,133,049 2,320,246
Investments 5 640,973 640,973
Investment property 6 3,158,960 2,585,678
5,932,982 5,546,897

CURRENT ASSETS
Debtors 7 196,411 1,569,209
Cash at bank 4,645,588 3,302,452
4,841,999 4,871,661
CREDITORS
Amounts falling due within one year 8 298,989 829,747
NET CURRENT ASSETS 4,543,010 4,041,914
TOTAL ASSETS LESS CURRENT LIABILITIES 10,475,992 9,588,811

PROVISIONS FOR LIABILITIES 268,414 227,306
NET ASSETS 10,207,578 9,361,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,207,478 9,361,405
SHAREHOLDERS' FUNDS 10,207,578 9,361,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

BALANCE SHEET - continued
31 MAY 2023


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 30 September 2023 and were signed on its behalf by:





M J Rogerson - Director


ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Rogerson Holdings Limited 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.

The principal activity of the company in the year under review was that of the provision of plant hire and management services.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the date the service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Plant and machinery is depreciated on a straight line basis over the useful life remaining on acquisition up to their residual values. The useful life is considered to be 10 years from the date of manufacture.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment properties
Investment properties are stated at cost less accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

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.


ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 an impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Investment in subsidiaries
Investments in subsidiaries are accounted for at cost less impairment in the individual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 401,192 6,375,300 25,406 88,026 6,889,924
Additions - 539,163 - - 539,163
Disposals - (1,284,319 ) - (83,692 ) (1,368,011 )
At 31 May 2023 401,192 5,630,144 25,406 4,334 6,061,076
DEPRECIATION
At 1 June 2022 225,392 4,254,204 20,747 69,335 4,569,678
Charge for year 11,608 550,614 699 21 562,942
Eliminated on disposal - (1,139,510 ) - (65,083 ) (1,204,593 )
At 31 May 2023 237,000 3,665,308 21,446 4,273 3,928,027
NET BOOK VALUE
At 31 May 2023 164,192 1,964,836 3,960 61 2,133,049
At 31 May 2022 175,800 2,121,096 4,659 18,691 2,320,246

Included in cost of land and buildings is freehold land of £ 110,988 (2022 - £ 110,988 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 640,973
NET BOOK VALUE
At 31 May 2023 640,973
At 31 May 2022 640,973

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2022 2,585,678
Additions 275,838
Revaluations 297,444
At 31 May 2023 3,158,960
NET BOOK VALUE
At 31 May 2023 3,158,960
At 31 May 2022 2,585,678

Cost or valuation at 31 May 2023 is represented by:
£   
Valuation in 2019 594,000
Valuation in 2021 94,425
Valuation in 2023 297,444
Cost 2,173,091
3,158,960

The Investment properties were valued on 26 May 2023 by Percival & Co who are a member of the Royal Institute of Chartered Surveyor's, excluding additions during the year and the North Street Sudbury properties which were revalued at market value by Malcolm Rogerson a Director of Rogerson Holdings Ltd.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,816 157,381
Amounts owed by group undertakings 40,280 1,378,128
Other debtors 315 33,700
196,411 1,569,209

There are no debtors falling due after more than one year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,092 545,524
Taxation and social security 216,123 1,135
Other creditors 69,774 283,088
298,989 829,747

ROGERSON HOLDINGS LIMITED (REGISTERED NUMBER: 02923902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. FINANCIAL INSTRUMENTS

The company has exposures to two main areas of risk - liquidity risk and customer credit exposure.

Liquidity risk
The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company has credit facilities available.

Customer credit exposure
The company may offer credit terms to its customers which allow payment of the debt after the rendering of services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is mitigated by the strong on-going customer relationships and credit control procedures.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Rogerson.