IRIS Accounts Production v23.3.1.45 13227138 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure132271382022-02-28132271382023-02-28132271382022-03-012023-02-28132271382021-02-24132271382021-02-252022-02-28132271382022-02-2813227138ns16:EnglandWales2022-03-012023-02-2813227138ns15:PoundSterling2022-03-012023-02-2813227138ns11:Director12022-03-012023-02-2813227138ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2813227138ns11:SmallEntities2022-03-012023-02-2813227138ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2813227138ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2813227138ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2813227138ns11:FullAccounts2022-03-012023-02-2813227138ns11:Director22022-03-012023-02-2813227138ns11:RegisteredOffice2022-03-012023-02-2813227138ns6:CurrentFinancialInstruments2023-02-2813227138ns6:CurrentFinancialInstruments2022-02-2813227138ns6:ShareCapital2023-02-2813227138ns6:ShareCapital2022-02-2813227138ns6:RetainedEarningsAccumulatedLosses2023-02-2813227138ns6:RetainedEarningsAccumulatedLosses2022-02-2813227138ns6:CostValuation2022-02-2813227138ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2813227138ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2813227138ns6:Secured2023-02-2813227138ns6:Secured2022-02-28
REGISTERED NUMBER: 13227138 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ROFTEK HOLDINGS LIMITED

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROFTEK HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: A J T Scott
S K Rothwell





REGISTERED OFFICE: The Estate Office Rotherfield Park
East Tisted
Alton
Hampshire
GU34 3QN





REGISTERED NUMBER: 13227138 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 7,238,409 7,238,409

CURRENT ASSETS
Debtors 5 34,349 10,966
Prepayments and accrued income - 10,000
34,349 20,966
CREDITORS
Amounts falling due within one year 6 (6,806,991 ) (7,121,448 )
NET CURRENT LIABILITIES (6,772,642 ) (7,100,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,767

137,927

CAPITAL AND RESERVES
Called up share capital 8 126,470 100,000
Retained earnings 339,297 37,927
SHAREHOLDERS' FUNDS 465,767 137,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 November 2023 and were signed on its behalf by:





A J T Scott - Director


ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

Roftek 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.

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.

The financial statements are presented in Sterling (£) and figures are rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is derived principally from the sale of goods and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 11,578,322
PROVISIONS
At 1 March 2022
and 28 February 2023 4,339,913
NET BOOK VALUE
At 28 February 2023 7,238,409
At 28 February 2022 7,238,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 14,497 10,966
Other debtors 19,852 -
34,349 10,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,868 -
Other creditors 6,801,123 7,121,448
6,806,991 7,121,448

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 6,789,845 7,089,845

The company's other loans from are secured on the company's assets and undertakings by way of a fixed and floating charge.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number

Class
Nominal
value

2023

2022
£ £

100,000 Ordinary £1 100,000
24,999 Ordinary 1 £1 24,999
75,001 Ordinary 2 £1 75,001


On 1 June 2022 75,001 ordinary £1 shares were redesignated as 'ordinary 2' £1 shares and 24,999 ordinary £1 shares were redesignated as 'ordinary 1' £1 shares.

On 1 June 2022 the company allotted the following shares partly paid:

Number Class Nominal Value 2023 2022
£ £

7,896 A Growth £1 7,896 0
18,574 B Growth £1 18,574 0

25p was paid on each £1 A Growth and B Growth share allotted.