Roca5 Ltd 13949444 false 2022-03-02 2023-03-31 2023-03-31 The principal activity of the company is property letting Digita Accounts Production Advanced 6.30.9574.0 true 13949444 2022-03-02 2023-03-31 13949444 2023-03-31 13949444 bus:OrdinaryShareClass1 2023-03-31 13949444 bus:OrdinaryShareClass2 2023-03-31 13949444 bus:OrdinaryShareClass3 2023-03-31 13949444 bus:OrdinaryShareClass4 2023-03-31 13949444 bus:OrdinaryShareClass5 2023-03-31 13949444 core:CurrentFinancialInstruments 2023-03-31 13949444 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13949444 core:Non-currentFinancialInstruments 2023-03-31 13949444 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 13949444 bus:SmallEntities 2022-03-02 2023-03-31 13949444 bus:AuditExemptWithAccountantsReport 2022-03-02 2023-03-31 13949444 bus:FullAccounts 2022-03-02 2023-03-31 13949444 bus:SmallCompaniesRegimeForAccounts 2022-03-02 2023-03-31 13949444 bus:RegisteredOffice 2022-03-02 2023-03-31 13949444 bus:Director1 2022-03-02 2023-03-31 13949444 bus:Director2 2022-03-02 2023-03-31 13949444 bus:OrdinaryShareClass1 2022-03-02 2023-03-31 13949444 bus:OrdinaryShareClass2 2022-03-02 2023-03-31 13949444 bus:OrdinaryShareClass3 2022-03-02 2023-03-31 13949444 bus:OrdinaryShareClass4 2022-03-02 2023-03-31 13949444 bus:OrdinaryShareClass5 2022-03-02 2023-03-31 13949444 bus:PrivateLimitedCompanyLtd 2022-03-02 2023-03-31 13949444 countries:AllCountries 2022-03-02 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13949444

Roca5 Ltd

Annual Report and Unaudited Financial Statements

for the Period from 2 March 2022 to 31 March 2023

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Roca5 Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Roca5 Ltd

Company Information

Directors

H Blair

S T Blair

Registered office

8 Boyes Crescent
London Colney
St. Albans
AL2 1UB

Accountants

TyneRede Accountancy Ltd
Chartered Certified Accountant
Lloyds Bank House
Bellingham
Hexham
Northumberland
NE48 2AZ

 

Roca5 Ltd

(Registration number: 13949444)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Investment property

4

464,204

Current assets

 

Debtors

5

239

Cash at bank and in hand

 

3,066

 

3,305

Creditors: Amounts falling due within one year

6

(137,402)

Net current liabilities

 

(134,097)

Total assets less current liabilities

 

330,107

Creditors: Amounts falling due after more than one year

6

(330,995)

Net liabilities

 

(888)

Capital and reserves

 

Called up share capital

7

10

Retained earnings

(898)

Shareholders' deficit

 

(888)

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
S T Blair
Director

 

Roca5 Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 Boyes Crescent
London Colney
St. Albans
AL2 1UB
England

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Roca5 Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2022 to 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

464,204

At 31 March

464,204

The property was purchased close to the year end and the fair value has not deviated from its purchase price.

There has been no valuation of investment property by an independent valuer.

 

Roca5 Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2022 to 31 March 2023

5

Debtors

Current

2023
£

Prepayments

239

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

1,549

Other creditors

135,853

137,402

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

330,995

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary A Shares of £1 each

2

2

Ordinary B Shares of £1 each

2

2

Ordinary C Shares of £1 each

2

2

Ordinary D Shares of £1 each

2

2

Ordinary E Shares of £1 each

2

2

 

10

10

 

Roca5 Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2022 to 31 March 2023

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Bank borrowings

330,995

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil.