Registered number
04705781
Rock Dad Properties Limited
Accounts for the year ended
31 March 2024
Rock Dad Properties Limited
Registered number: 04705781
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 680,000 668,407
Current assets
Debtors 4 2,071 827
Cash at bank and in hand 1,177 7,075
3,248 7,902
Creditors: amounts falling due within one year 5 (9,157) (7,228)
Net current (liabilities)/assets (5,909) 674
Total assets less current liabilities 674,091 669,081
Creditors: amounts falling due after more than one year 6 (792,926) (824,895)
Net liabilities (118,835) (155,814)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 14,108 -
Profit and loss account (133,043) (155,914)
Shareholders' funds (118,835) (155,814)
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.
E. Das
Director
Approved by the board on 9 August 2024
Rock Dad Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
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).
Investments
Investments properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. Deppreciation is not provided in respect of investment properties.
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. 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. 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 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Investments
Other
investments Total
£ £
Cost
At 1 April 2023 - 668,407 668,407
Revaluation - 11,593 11,593
At 31 March 2024 - 680,000 680,000
Historical cost
At 1 April 2023 - 668,407
At 31 March 2024 - 668,407
Freehold and long leasehold investment property was revalued by the director as at 31st March 2024. Tax approximately £2,515 would be payable if the properties were disposed of at these values.
4 Debtors 2024 2023
£ £
Trade debtors 2,071 827
2,071 827
5 Creditors: amounts falling due within one year 2024 2023
Trade creditors 122 122
Taxation and social security costs 5,955 4,176
Other creditors 3,080 2,930
9,157 7,228
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 792,926 824,895
792,926 824,895
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 - -
Gain on revaluation of land and buildings 11,593 -
Deferred taxation arising on the revaluation of land and buildings 2,515 -
At 31 March 2024 14,108 -
8 Controlling party
The ultimate controlling party of the company is Emily Das.
9 Other information
Rock Dad Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
29 St. James's Drive
London
England
SW17 7RN
Rock Dad Properties Limited 04705781 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 E. Das No description of principal activity 04705781 2022-04-01 2023-03-31 04705781 core:RevaluationReserve core:LandBuildings 2022-04-01 2023-03-31 04705781 core:RevaluationReserve 2022-04-01 2023-03-31 04705781 core:WithinOneYear 2023-03-31 04705781 core:AfterOneYear 2023-03-31 04705781 core:ShareCapital 2023-03-31 04705781 core:OtherReservesSubtotal 2023-03-31 04705781 core:RetainedEarningsAccumulatedLosses 2023-03-31 04705781 core:RevaluationReserve 2022-03-31 04705781 2023-04-01 2024-03-31 04705781 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04705781 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04705781 bus:Director40 2023-04-01 2024-03-31 04705781 1 2023-04-01 2024-03-31 04705781 2 2023-04-01 2024-03-31 04705781 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 04705781 core:RevaluationReserve 2023-04-01 2024-03-31 04705781 countries:England 2023-04-01 2024-03-31 04705781 bus:FRS102 2023-04-01 2024-03-31 04705781 bus:FilletedAccounts 2023-04-01 2024-03-31 04705781 2024-03-31 04705781 core:WithinOneYear 2024-03-31 04705781 core:AfterOneYear 2024-03-31 04705781 core:ShareCapital 2024-03-31 04705781 core:OtherReservesSubtotal 2024-03-31 04705781 core:RetainedEarningsAccumulatedLosses 2024-03-31 04705781 core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 04705781 core:RevaluationReserve 2024-03-31 04705781 2023-03-31 04705781 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure