ROCKFORD TRILOGY LIMITED

Company Registration Number:
NI626628 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 August 2023

Period of accounts

Start date: 01 September 2022

End date: 30 August 2023

ROCKFORD TRILOGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 August 2023

Balance sheet
Notes

ROCKFORD TRILOGY LIMITED

Balance sheet

As at 30 August 2023


Notes

2023

2022


£

£
Called up share capital not paid: 1 1
Fixed assets
Investments: 3 4,103,375 4,858,651
Total fixed assets: 4,103,375 4,858,651
Current assets
Debtors: 4 6,237,023 5,986,873
Cash at bank and in hand: 128 103
Total current assets: 6,237,151 5,986,976
Creditors: amounts falling due within one year: 5 (19,090,032) (171,102)
Net current assets (liabilities): (12,852,881) 5,815,874
Total assets less current liabilities: (8,749,505) 10,674,526
Creditors: amounts falling due after more than one year: 6   (17,565,767)
Total net assets (liabilities): (8,749,505) (6,891,241)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (8,749,506) (6,891,242)
Shareholders funds: (8,749,505) (6,891,241)

The notes form part of these financial statements

ROCKFORD TRILOGY LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: David Simmonds
Status: Director

The notes form part of these financial statements

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

3. Fixed investments

Investment property is carried at fair value determined annually by external valuers and derived from thecurrent market rents and investment property yields for comparable real estate, adjusted if necessary forany 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.Investment propertyInvestmentproperty£ValuationAt 1 September 2022 4,858,651Additions 4,756Fair value adjustment (760,032)At 31 August 2023 4,103,375The valuation of investment property was performed by the Directors by reference to a valuation undertakenby the external valuers of the lender on a market value and market rent basis as at the balance sheet date.

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

Short-term debtors are measured at transaction price, less any impairment. Loans receivable aremeasured initially at fair value, net of transaction costs, and are measured subsequently at amortised costusing the effective interest method, less any impairment. Debtors: amounts falling due within one year 2023 /2022£/ £Trade debtors 70,191 / 39,525Amounts owed by group undertakings 5,874,150 / 5,530,621Other debtors 36,774 / 131,379Prepayments and accrued income 255,908 / 285,348 TOTAL: 2023 £6,237,023 / 2022 £5,986,873

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

5. Creditors: amounts falling due within one year note

Short-term creditors are measured at the transaction price. Other financial liabilities are measuredinitially at fair value, net of transaction costs, and are measured subsequently at amortised cost using theeffective interest method.Creditors: amounts falling due within one year2023 /2022£ / £Trade creditors - / 78,478Amounts owed to group undertakings 18,884,956 / -Other taxation and social security 6,566/ -Other creditors 4,196 / 1,116Accruals and deferred income 194,313 / 91,508TOTAL: 2023 £ 19,090,031 / 2022 £ 171,102

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

6. Creditors: amounts falling due after more than one year note

Amounts owed to group undertakings2023 £ nil2022 £ 17,565,767

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

7. Changes in presentation and prior period adjustments

The directors identified that the accounting policies implemented in the previous periods as to therecognition of dilapidation income and fair value movements in investment property did not comply with theaccounting framework adopted.These errors have been corrected by restating each of the affected financial statement line items for the priorperiod, as follows:Impact on Equity (£):Investment property (191,349)Corporation tax payable -Net impact on equity at 31 August 2022 (191,349)Investment property (125,439)Corporation tax payable -Net impact on equity at 1 September 2021 (125,439)Impact on profit or lossFair value loss (65,910)Current taxation -Net impact on loss for the year ended 31 August 22: £(65,910)

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

8. Related party transactions

Related party transactionsThe company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.

ROCKFORD TRILOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

9. Post balance sheet events

At the balance sheet date, the Group was ultimately controlled by Wirefox Holding Company, a companyregistered in Northern Ireland and Rockford Capital Limited, a company registered in British Virgin Islands.On 16 October 2023, Rockford Portfolio Limited's ("the Group") external lenders finalised negotiation withthe shareholders of the Group regarding the acquisition of the Group by Grey Cat Capital V LLP.Following this transaction, the Company is wholly owned by Grey Cat Capital V LLP. There is no ultimatecontrolling party of Grey Cat Capital V LLP.