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REGISTERED NUMBER: 09329914 (England and Wales)



















ROTHWELL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20 20
Investment property 5 320,000 320,000
320,020 320,020

CURRENT ASSETS
Cash at bank 6,201 1,967

CREDITORS
Amounts falling due within one year 6 5,273 17,410
NET CURRENT ASSETS/(LIABILITIES) 928 (15,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,948

304,577

CREDITORS
Amounts falling due after more than one year 7 (171,579 ) (163,599 )

PROVISIONS FOR LIABILITIES (17,562 ) (17,206 )
NET ASSETS 131,807 123,772

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 92,310 92,310
Retained earnings 39,397 31,362
SHAREHOLDERS' FUNDS 131,807 123,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 4 June 2024 and were signed by:





Mr M Mallett - Director


ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Rothwell Properties 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: 09329914

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

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 as modified by the revaluation of certain assets.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
The company lets its investment property and turnover represents the rent received or receivable in the year; it excludes discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 and Loss Account.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 20
NET BOOK VALUE
At 30 November 2023 20
At 30 November 2022 20

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 320,000
NET BOOK VALUE
At 30 November 2023 320,000
At 30 November 2022 320,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2015 59,872
Valuation in 2019 10,000
Valuation in 2020 40,000
Cost 210,128
320,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 210,128 210,128

The investment property was valued on an open market basis on 30 November 2023 by the director .

ROTHWELL PROPERTIES LIMITED (REGISTERED NUMBER: 09329914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 100 100
Taxation and social security 1,528 -
Other creditors 3,645 17,310
5,273 17,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 171,579 163,599

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 92,310

9. RELATED PARTY DISCLOSURES

At the year end, the director was owed £171,579 (2022 - £163,599).

During the year, interest of £1,002 (2022 - £1,002) was paid on this loan.

During the year, interest of £1,002 (2022 - £1,002) was paid to a close family member of the director.

A loan of £1,140 (2022 - £15,860) was owed to a close family member of the director at the year end.

Victor Systems Ltd
A company in which the director is also a director and shareholder.

At the balance sheet date, the amount owed to the related party was £1,020 (2022 - £nil).