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REGISTERED NUMBER: 14629167 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

RODDEN ROAD CARS HOLDINGS LTD

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


RODDEN ROAD CARS HOLDINGS LTD

Company Information
for the year ended 31 December 2023







DIRECTORS: R E Poole
B J Poole
A Poole





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 14629167 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Report of the Directors
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

INCORPORATION
The company was incorporated on 31 January 2023 .

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of rental income and holding company.

DIRECTORS
The directors who have held office during the period from 1 January 2023 to the date of this report are as follows:

R E Poole - appointed 31 January 2023
B J Poole - appointed 31 January 2023
A Poole - appointed 31 January 2023

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R E Poole - Director


19 July 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rodden Road Cars Holdings Ltd


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rodden Road Cars Holdings Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rodden Road Cars Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rodden Road Cars Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Rodden Road Cars Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rodden Road Cars Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rodden Road Cars Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rodden Road Cars Holdings Ltd. You consider that Rodden Road Cars Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rodden Road Cars Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


23 July 2024

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Income Statement
for the year ended 31 December 2023

Notes £   

TURNOVER 12,750

Administrative expenses 12,272
OPERATING PROFIT 478

Income from shares in group undertakings 204,136
204,614

Interest payable and similar expenses 8,592
PROFIT BEFORE TAXATION 196,022

Tax on profit 4 -
PROFIT FOR THE FINANCIAL YEAR 196,022

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 619,795
Investments 6 30
619,825

CURRENT ASSETS
Cash at bank 4,617

CREDITORS
Amounts falling due within one year 7 141,058
NET CURRENT LIABILITIES (136,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,384

CREDITORS
Amounts falling due after more than one
year

8

383,302
NET ASSETS 100,082

CAPITAL AND RESERVES
Called up share capital 9 60
Retained earnings 100,022
SHAREHOLDERS' FUNDS 100,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




A Poole - Director



R E Poole - Director


RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Statement of Changes in Equity
for the year ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 60 - 60
Dividends - (96,000 ) (96,000 )
Total comprehensive income - 196,022 196,022
Balance at 31 December 2023 60 100,022 100,082

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Rodden Road Cars Holdings Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Rodden Road Cars Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, recognised when services are rendered. Rental income is recognised in the month that it is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and lease
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year.

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 619,795
At 31 December 2023 619,795
NET BOOK VALUE
At 31 December 2023 619,795

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 30
At 31 December 2023 30
NET BOOK VALUE
At 31 December 2023 30

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rodden Road Cars Limited
Registered office: 11 Laura Place, Bath, Somerset, BA2 4BL
Nature of business: Sale of used cars and light motor vehicles
%
Class of shares: holding
ORDINARY 100.00

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 41,931
Other creditors 99,127
141,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 383,302

9. CALLED UP SHARE CAPITAL

Alloted, issued and fully
paid


Nominal

2023
Number: Class: Value: £   
150 Ordinary A £0.10 15
180 Ordinary B £0.10 18
150 Ordinary C £0.10 15
120 Ordinary D £0.10 12
60

During the year the entire share capital within Rodden Road Cars LTD was transferred to wholly owned by Rodden Road Cars Holdings LTD.

RODDEN ROAD CARS HOLDINGS LTD (REGISTERED NUMBER: 14629167)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by directors in preparing these financial statements.