Roof99 Ltd 11422025 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11422025 2022-07-01 2023-06-30 11422025 2023-06-30 11422025 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11422025 core:Non-currentFinancialInstruments 2023-06-30 11422025 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11422025 core:FurnitureFittings 2023-06-30 11422025 bus:SmallEntities 2022-07-01 2023-06-30 11422025 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11422025 bus:FilletedAccounts 2022-07-01 2023-06-30 11422025 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11422025 bus:RegisteredOffice 2022-07-01 2023-06-30 11422025 bus:Director1 2022-07-01 2023-06-30 11422025 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11422025 core:FurnitureFittings 2022-07-01 2023-06-30 11422025 countries:England 2022-07-01 2023-06-30 11422025 2022-06-30 11422025 core:FurnitureFittings 2022-06-30 11422025 2021-07-01 2022-06-30 11422025 2022-06-30 11422025 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11422025 core:Non-currentFinancialInstruments 2022-06-30 11422025 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 11422025 core:FurnitureFittings 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11422025

Roof99 Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Roof99 Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Roof99 Ltd

Company Information

Director

Mr Shaisav Roy

Registered office

4 St Clements Avenue
Romford
RM3 0HY

Accountants

MG Group (Professional Services) Limited
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

Roof99 Ltd

(Registration number: 11422025)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

457

Investment property

5

945,027

945,027

 

945,027

945,484

Current assets

 

Cash at bank and in hand

 

12,798

76,794

Creditors: Amounts falling due within one year

6

(251,616)

(335,142)

Net current liabilities

 

(238,818)

(258,348)

Total assets less current liabilities

 

706,209

687,136

Creditors: Amounts falling due after more than one year

6

(682,987)

(682,987)

Net assets

 

23,222

4,149

Capital and reserves

 

Called up share capital

100

100

Retained earnings

23,122

4,049

Shareholders' funds

 

23,222

4,149

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 March 2024
 

.........................................
Mr Shaisav Roy
Director

 

Roof99 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
4 St Clements Avenue
Romford
RM3 0HY

These financial statements were authorised for issue by the director on 28 March 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Roof99 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% straight line

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.

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.

 

Roof99 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2022

2,586

2,586

At 30 June 2023

2,586

2,586

Depreciation

At 1 July 2022

2,129

2,129

Charge for the year

457

457

At 30 June 2023

2,586

2,586

Carrying amount

At 30 June 2023

-

-

At 30 June 2022

457

457

5

Investment properties

2023
£

At 1 July

945,027

At 30 June

945,027

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

 

Roof99 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

780

Taxation and social security

4,581

843

Accruals and deferred income

2,700

1,080

Other creditors

244,335

332,439

251,616

335,142

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

682,987

682,987

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

682,987

682,987

8

Related party transactions

During the year the company made the following related party transactions:

Director
During the year, the director made loan repayments of £88,104. At the balance sheet date, the amount due to the director was £165,931 (2022: £254,035). No interest was charged on this loans.

Company under common control
During the year, there was no movement in this loan payables. At the balance sheet date, the amount due to the company under common control was £72,000 (2022: £72,000). No interest was charged on this loans.