Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseproperty investment and holding an investment in LLP11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09171075 2022-09-01 2023-08-31 09171075 2021-09-01 2022-08-31 09171075 2023-08-31 09171075 2022-08-31 09171075 c:Director1 2022-09-01 2023-08-31 09171075 d:FurnitureFittings 2022-09-01 2023-08-31 09171075 d:FurnitureFittings 2023-08-31 09171075 d:FurnitureFittings 2022-08-31 09171075 d:LeaseholdInvestmentProperty 2023-08-31 09171075 d:LeaseholdInvestmentProperty 2022-08-31 09171075 d:CurrentFinancialInstruments 2023-08-31 09171075 d:CurrentFinancialInstruments 2022-08-31 09171075 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09171075 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09171075 d:ShareCapital 2023-08-31 09171075 d:ShareCapital 2022-08-31 09171075 d:RevaluationReserve 2023-08-31 09171075 d:RevaluationReserve 2022-08-31 09171075 d:RetainedEarningsAccumulatedLosses 2023-08-31 09171075 d:RetainedEarningsAccumulatedLosses 2022-08-31 09171075 c:OrdinaryShareClass1 2022-09-01 2023-08-31 09171075 c:OrdinaryShareClass1 2023-08-31 09171075 c:FRS102 2022-09-01 2023-08-31 09171075 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09171075 c:FullAccounts 2022-09-01 2023-08-31 09171075 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09171075 6 2022-09-01 2023-08-31 09171075 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09171075










ROJAK INVESTMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ROJAK INVESTMENT LTD
REGISTERED NUMBER: 09171075

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
950,260
812,740

Investment property
 6 
480,000
480,000

  
1,430,260
1,292,740

Current assets
  

Debtors: amounts falling due within one year
 7 
-
171

Cash at bank and in hand
  
10,221
13,846

  
10,221
14,017

Creditors: amounts falling due within one year
 8 
(1,469,863)
(1,340,221)

Net current liabilities
  
 
 
(1,459,642)
 
 
(1,326,204)

Total assets less current liabilities
  
(29,382)
(33,464)

  

Net liabilities
  
(29,382)
(33,464)


Capital and reserves
  

Called up share capital 
  
100
100

Fair value deficit
  
(31,744)
(32,144)

Profit and loss account
  
2,262
(1,420)

  
(29,382)
(33,464)


Page 1

 
ROJAK INVESTMENT LTD
REGISTERED NUMBER: 09171075

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E J Gan
Director

Date: 20 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Rojak Investment Ltd is a private company, limited by shares, and registered in England and Wales. The address of its registered office is 19 Cicus Road West, 305 Ambrose House, London, SW11 8EL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operation for the foreseeable future. The director, who is the company's major creditor, has confirmed that she will continue to make available such funds as are needed by the company and, in particular, will not seek repayment of the amounts currently made available tthat would otherwise place the company in insolvency.
Based on this information, the director believes that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, this being a period of at least twelve months from the date of approval of these financial statements, and that it is therfore appropriate for these financial statements to be prepared on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents receivable during the year from investment property in accordance with the lease agreement with its tenants.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity 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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in an LLP is measured at cost less accumulated impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. 

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Page 5

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 September 2022
1,417



At 31 August 2023

1,417



Depreciation


At 1 September 2022
1,417



At 31 August 2023

1,417



Net book value



At 31 August 2023
-



At 31 August 2022
-


5.


Fixed asset investments





Unlisted investments

£



Cost 


At 1 September 2022
812,740


Additions
137,520



At 31 August 2023
950,260




Page 7

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 September 2022
480,000



At 31 August 2023
480,000

The 2023 valuations were made by the director, on a fair value for existing use basis.



At 31 August 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
511,744
511,744


7.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
171



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,129
-

Corporation tax
891
115

Other creditors
1,460,598
1,335,249

Accruals and deferred income
5,245
4,857

1,469,863
1,340,221


Page 8

 
ROJAK INVESTMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1 each
100
100



10.


Related party transactions

At the blaance sheet date the amount owed to the director was £1,452,466 (2022 - £1,328,416).


Page 9