Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10476882 Mr Wayne Rockett Mrs Heidi Rockett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10476882 2022-11-30 10476882 2023-11-30 10476882 2022-12-01 2023-11-30 10476882 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 10476882 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 10476882 frs-core:ShareCapital 2023-11-30 10476882 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10476882 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10476882 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10476882 frs-bus:SmallEntities 2022-12-01 2023-11-30 10476882 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10476882 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10476882 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 10476882 frs-bus:Director1 2022-12-01 2023-11-30 10476882 frs-bus:Director2 2022-12-01 2023-11-30 10476882 frs-countries:EnglandWales 2022-12-01 2023-11-30 10476882 2021-11-30 10476882 2022-11-30 10476882 2021-12-01 2022-11-30 10476882 frs-core:ShareCapital 2022-11-30 10476882 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10476882 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30
Registered number: 10476882
Rockett Homes Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10476882
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 670,000 602,087
670,000 602,087
CURRENT ASSETS
Debtors 5 6,386 -
Cash at bank and in hand 15,164 11,708
21,550 11,708
Creditors: Amounts Falling Due Within One Year 6 (690,730 ) (629,916 )
NET CURRENT ASSETS (LIABILITIES) (669,180 ) (618,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES 820 (16,121 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,978 ) -
NET LIABILITIES (16,158 ) (16,121 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair Value Reserve 50,935 -
Profit and Loss Account (67,193 ) (16,221 )
SHAREHOLDERS' FUNDS (16,158) (16,121)
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Heidi Rockett
Director
21 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rockett Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10476882 . The registered office is 25a Waltham Road, Bournemouth, Dorset, BH7 6PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is represented by revenue earned from the rental of investment property. 
2.3. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
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 measured 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.
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2022 602,087
Revaluation 67,913
As at 30 November 2023 670,000
Net Book Value
As at 30 November 2023 670,000
As at 1 December 2022 602,087
The investment properties has been revalued at the market value by the directors on 30 November 2023. The historical cost of the investment properties is £602,087 (2022 - £602,087).
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 6,386 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 690,730 629,916
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Going Concern
The directors have confirmed that the company is a going concern and have agreed to support the company for a further 12 months following approval of the accounts. 
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