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REGISTERED NUMBER: 13178743 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Rock Rental Property Ltd

The Rock Rental Property Ltd (Registered number: 13178743)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Rock Rental Property Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S J Heap
Mrs M G Heap





REGISTERED OFFICE: 110 Rock Lane
Stoke Gifford
Bristol
South Glos
BS34 8PQ





REGISTERED NUMBER: 13178743 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

The Rock Rental Property Ltd (Registered number: 13178743)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,310 1,482
Investment property 5 1,640,000 1,640,000
1,641,310 1,641,482

CURRENT ASSETS
Cash at bank 4,903 1,485

CREDITORS
Amounts falling due within one year 6 (7,202 ) (6,824 )
NET CURRENT LIABILITIES (2,299 ) (5,339 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,639,011 1,636,143

CREDITORS
Amounts falling due after more than one year 7 (722,795 ) (735,295 )

PROVISIONS FOR LIABILITIES (30,875 ) (30,875 )
NET ASSETS 885,341 869,973

CAPITAL AND RESERVES
Called up share capital 9 767,012 767,012
Share premium 10 292 292
Retained earnings 10 118,037 102,669
SHAREHOLDERS' FUNDS 885,341 869,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Rock Rental Property Ltd (Registered number: 13178743)

Balance Sheet - continued
31 March 2024


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 27 August 2024 and were signed on its behalf by:





Mr S J Heap - Director


The Rock Rental Property Ltd (Registered number: 13178743)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Rock Rental Property Ltd 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 as modified by the revaluation of certain assets.

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

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

The Rock Rental Property Ltd (Registered number: 13178743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 200 2,143 2,343
Additions - 399 399
Disposals - (320 ) (320 )
At 31 March 2024 200 2,222 2,422
DEPRECIATION
At 1 April 2023 72 789 861
Charge for year 26 355 381
Eliminated on disposal - (130 ) (130 )
At 31 March 2024 98 1,014 1,112
NET BOOK VALUE
At 31 March 2024 102 1,208 1,310
At 31 March 2023 128 1,354 1,482

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,640,000
NET BOOK VALUE
At 31 March 2024 1,640,000
At 31 March 2023 1,640,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 123,500
Cost 1,516,500
1,640,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,516,500 1,516,500

The investment properties were valued on an open market basis on 31 March 2024 by the directors .

The Rock Rental Property Ltd (Registered number: 13178743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,114 4,684
Directors' current accounts 1,198 940
Accrued expenses 1,890 1,200
7,202 6,824

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yrs non-inst 722,795 735,295

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 722,795 735,295

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 722,795 735,295

The bank loans are secured on the properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

No of shares Class Nominal value 2024 2023
60,000 A £1 60,000 60,000
60,000 B £1 60,000 60,000
647,000 C £1 647,000 647,000
6 D £1 6 6
6 E £1 6 6

The A, B and C shares have full voting, dividend and distribution rights.
The D and E shares have dividend rights only.

The Rock Rental Property Ltd (Registered number: 13178743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 102,669 292 102,961
Profit for the year 17,368 17,368
Dividends (2,000 ) (2,000 )
At 31 March 2024 118,037 292 118,329

The company has non-distributable reserves totalling £92,625.