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REGISTERED NUMBER: 04835458 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Rooftops Letting & Management Limited

Rooftops Letting & Management Limited (Registered number: 04835458)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Rooftops Letting & Management Limited (Registered number: 04835458)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 48,000
Tangible assets 5 2,953 742
38,953 48,742

CURRENT ASSETS
Debtors 6 202,616 209,710
Cash at bank and in hand 36,733 46,682
239,349 256,392
CREDITORS
Amounts falling due within one year 7 252,438 252,313
NET CURRENT (LIABILITIES)/ASSETS (13,089 ) 4,079
TOTAL ASSETS LESS CURRENT LIABILITIES 25,864 52,821

CREDITORS
Amounts falling due after more than one year 8 (17,333 ) (27,242 )

PROVISIONS FOR LIABILITIES (926 ) (141 )
NET ASSETS 7,605 25,438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,505 25,338
SHAREHOLDERS' FUNDS 7,605 25,438

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

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

Rooftops Letting & Management Limited (Registered number: 04835458)

Balance Sheet - continued
31 October 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:




Mr J C Harari - Director



Ms S J Henshaw - Director


Rooftops Letting & Management Limited (Registered number: 04835458)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Rooftops Letting & Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04835458

Registered office: 26 Church Street
Wilmslow
Cheshire
SK9 1AU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Rooftops Letting & Management Limited (Registered number: 04835458)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 320,000
AMORTISATION
At 1 November 2022 272,000
Amortisation for year 12,000
At 31 October 2023 284,000
NET BOOK VALUE
At 31 October 2023 36,000
At 31 October 2022 48,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 - 3,352 3,352
Additions 3,000 1,055 4,055
At 31 October 2023 3,000 4,407 7,407
DEPRECIATION
At 1 November 2022 - 2,610 2,610
Charge for year 750 1,094 1,844
At 31 October 2023 750 3,704 4,454
NET BOOK VALUE
At 31 October 2023 2,250 703 2,953
At 31 October 2022 - 742 742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 202,616 209,710

Rooftops Letting & Management Limited (Registered number: 04835458)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,918 82,781
Trade creditors 36,667 28,162
Amounts owed to associates 4,734 4,813
Taxation and social security 130,485 111,275
Other creditors 12,634 25,282
252,438 252,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,333 27,242

9. SECURED DEBTS

The bank overdraft is secured via a fixed and floating charge which covers all the property of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr J C Harari
Balance outstanding at start of year 92,255 91,159
Amounts advanced 128,222 133,140
Amounts repaid (105,000 ) (132,044 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 115,477 92,255

Ms S J Henshaw
Balance outstanding at start of year 85,058 87,095
Amounts advanced 76,445 109,391
Amounts repaid (75,000 ) (111,428 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,503 85,058

Interest has been charged on balances due from directors at HMRC's approved rates.