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REGISTERED NUMBER: 11934639 (England and Wales)











Rothley Holdings Limited

Financial Statements

for the Year Ended 31 December 2023






Rothley Holdings Limited (Registered number: 11934639)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rothley Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Boyd
M S Khadr
R Ladak
C Rutherford





REGISTERED OFFICE: 22 High View Close
Vantage Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 11934639 (England and Wales)





AUDITORS: Haines Watts Tamworth Limited
Chartered Accountants and Statutory Auditors
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Rothley Holdings Limited (Registered number: 11934639)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,454,825 18,454,825

CURRENT ASSETS
Debtors 5 3,795,578 590,195
Cash at bank 6 8,725 838,911
3,804,303 1,429,106
CREDITORS
Amounts falling due within one year 7 8,818,590 8,261,017
NET CURRENT LIABILITIES (5,014,287 ) (6,831,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,440,538

11,622,914

CREDITORS
Amounts falling due after more than one year 8 14,308,702 8,578,701
NET (LIABILITIES)/ASSETS (868,164 ) 3,044,213

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (868,165 ) 3,044,212
SHAREHOLDERS' FUNDS (868,164 ) 3,044,213

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





C Rutherford - Director


Rothley Holdings Limited (Registered number: 11934639)

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


1. STATUTORY INFORMATION

Rothley Holdings Limited 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 Rothley Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Rothley Group Limited, 22 Vantage Park, High View Close, Leicester, Leicestershire, LE4 9LJ.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. Management are also required to
exercise judgment in the process of applying the company’s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgments:

- A provision is recognised when the company has a present legal or constructive obligation as a result of a
past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgment. The nature and type of risks for these provisions differ and management’s judgment is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less accumulated impairment losses.

Rothley Holdings Limited (Registered number: 11934639)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Financial Assets are recognised when the Group becomes party to the contracts that gives rise to them and are classified as loans or borrowings, receivable, payables, financial instruments fair valued through profit and loss or available for sale financial assets as appropriate. The Group determines the classification of its financial assets and liabilities at initial recognition and, where allowed and appropriate, re-evaluate this designation at each financial year end.

Financial liabilities are recognised when the Group becomes party to the contracts that give rise to them and are classified as loans or borrowings, receivables, payables, financial instruments fair valued through profit and loss or available for sale financial asset as appropriate. The Group determines the classification of its financial assets and liabilities at initial recognition and, where allowed and appropriate, re-evaluate this designation at each financial year end.

When financial liabilities are recognised initially, they are measured at fair value, being the transaction price plus and directly attributable transaction costs.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit or loss, unless the charge is attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is calculated at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different years from their recognition in the financial statements.

Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.

Borrowings
Interest-bearing borrowings are initially recorded at fair value and subsequently measured at amortised cost.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Rothley Holdings Limited (Registered number: 11934639)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
In preparing the financial statements of the Group, transactions in currencies other than the functional currency of sterling are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction.

Pension costs and other post-retirement benefits
Contributions to the Group's defined contribution pension scheme are charged to profit or loss in the year in which they become payable. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Operating leases and lease incentives
Leases where substantially all risks and rewards incidental to ownership are retained by the lessors are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessors) are recognised in profit or loss on a straight-line basis over the period of the lease.

Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the year in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 18,454,825
NET BOOK VALUE
At 31 December 2023 18,454,825
At 31 December 2022 18,454,825

Rothley Holdings Limited (Registered number: 11934639)

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


4. FIXED ASSET INVESTMENTS - continued

The company directly owns 100% of the ordinary share capital of Money Redress Limited, a company registered in England and Wales with the registered office address of Vantage Park, 22 High View Close, Leicester, LE4 9LJ. The principal activity of Money Redress Limited is that of financial compensation claims services.

The company directly owns 100% of the ordinary share capital of Processing Power Limited, a company registered in England and Wales with the registered office address of Vantage Park, 22 High View Close, Leicester, LE4 9LJ. The principal activity of Processing Power Limited is that of processing activity.

The company directly owns 100% of the ordinary share capital of Rothley Law Limited, a company registered in England and Wales with the registered office address of Vantage Park, 22 High View Close, Leicester, LE4 9LJ. The principal activity of Rothley Law Limited is that of a solicitor firm.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,901,199 102,009
Other debtors 894,379 488,186
3,795,578 590,195

6. CASH AT BANK

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans and other borrowings 2,619,225 2,927,813
Trade creditors 11,512 30,191
Amounts owed to group undertakings 6,155,192 5,251,491
Taxation and social security 20,153 10,122
Other creditors 12,508 41,400
8,818,590 8,261,017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Loans and other borrowings 14,308,700 8,578,699
Other creditors 2 2
14,308,702 8,578,701

Amounts falling due in more than five years:

Repayable by instalments
Loans repayable in more than 5 years by
instalments

8,224,952

8,578,699

Rothley Holdings Limited (Registered number: 11934639)

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


9. DEFERRED TAX
£   
Balance at 1 January 2023 (488,183 )
Credit to Income Statement during year (403,455 )
Balance at 31 December 2023 (891,638 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary A £0.00001 - -
1 Ordinary C £1 1 1
1 1

The ordinary A shares each carry one voting right.

Preference shares

Number:Class:Nominal value:20232022
£   £   
100Preference A shares£0.0111
100Preference C shares£0.0111
22

The preference shares are classified as liabilities in the balance sheet. The preference shares are redeemable by 31 December 2025.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Barlow FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts Tamworth Limited

12. ULTIMATE CONTROLLING PARTY

Rothley Group Limited, which owns 99.95% of the issued share capital of Rothley Holdings Limited, is the ultimate parent undertaking.

Copies of the Rothley Group Limited consolidated financial statements can be obtained from the company directors at Vantage Park, 22 High View Close, Leicester, LE4 9LJ.