Registered number
02860914
Rookfield Financial Services Limited
Unaudited Filleted Accounts
31 October 2023
Rookfield Financial Services Limited
Registered number: 02860914
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 3 880,000 880,000
Current assets
Debtors 4 166 17
Cash at bank and in hand 11,382 10,588
11,548 10,605
Creditors: amounts falling due within one year 5 (960) (800)
Net current assets 10,588 9,805
Total assets less current liabilities 890,588 889,805
Creditors: amounts falling due after more than one year 6 (806,084) (806,113)
Provisions for liabilities (27,448) (27,448)
Net assets 57,056 56,244
Capital and reserves
Called up share capital 17 17
Profit and loss account 57,039 56,227
Shareholders' funds 57,056 56,244
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T D Davey
Director
Approved by the board on 11 April 2024
Rookfield Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover represents income from investment property transactions and is recognised as it is earned.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Investment Property
Other
investments
£
Cost
At 1 November 2022 880,000
At 31 October 2023 880,000
The above property is held at Upper Garston, Cowfold Road, Bolney Heath, RH17 5QT.

The property was revalued on 14 January 2021 by Michon Mackay Management Limited, 106 High Street, Hurstpierpoint, BN6 9PX
Investment property value is represented by
Cost 735,539
Valuations in 2021 144,461
880,000
4 Debtors 2023 2022
£ £
Trade debtors 26 -
Other debtors 140 17
166 17
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 960 800
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 806,084 806,113
Other creditors include £411,031 ( 2022: £411,060) of mortgage from Keystone Property Finance Limited and is secured by a first legal charge over the freehold property of the Company.
7 Related party transactions
IAG Broking Limited - Ms T D Davey a director and shareholder is also a director and shareholder in IAG Broking Limited. IAG Broking Ltd has provided a loan of £166,646 (2022: £166,646). Amount owed to the related party £166,646 (2022: £166,646) included in creditors falling due after 1 year .

Ms T D Davey - Ms T D Davey a director and shareholder in the company has provided a loan of £228,407 (2022: £228,407). Amount owed to the related party £228,407 (2022: £228,407) included in creditors falling due after 1 year.
8 Controlling party
The Company is controlled by one of the directors T D Davey by virtue of her 100% ownership of the issued share capital of the Company.
9 Other information
Rookfield Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bolney Place
Cowfold Road
Bolney
West Sussex
RH17 5QT
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