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REGISTERED NUMBER: 06066132 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ROTHER COMMERCIAL LIMITED

ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROTHER COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr B T Caine
Mr R T Caine





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06066132 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,195,000 2,250,000

CURRENT ASSETS
Debtors 5 1,150,340 1,112,166
Cash at bank 4,304 4,727
1,154,644 1,116,893
CREDITORS
Amounts falling due within one year 6 94,331 105,839
NET CURRENT ASSETS 1,060,313 1,011,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,255,313

3,261,054

CREDITORS
Amounts falling due after more than one
year

7

(753,074

)

(830,881

)

PROVISIONS FOR LIABILITIES 9 (104,077 ) (115,077 )
NET ASSETS 2,398,162 2,315,096

CAPITAL AND RESERVES
Called up share capital 10 1 1
Special reserve 11 1,314,931 1,358,931
Retained earnings 11 1,083,230 956,164
SHAREHOLDERS' FUNDS 2,398,162 2,315,096

ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 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 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 28 August 2024 and were signed on its behalf by:





Mr B T Caine - Director


ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

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


1. STATUTORY INFORMATION

Rother Commercial 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL
Long leasehold - NIL

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TANGIBLE FIXED ASSETS

3. EMPLOYEES AND DIRECTORS

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

ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

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


4. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
Cost or valuation
At 1 December 2022 1,285,000 965,000 2,250,000
Disposals - (55,000 ) (55,000 )
At 30 November 2023 1,285,000 910,000 2,195,000
Net book value
At 30 November 2023 1,285,000 910,000 2,195,000
At 30 November 2022 1,285,000 965,000 2,250,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,333 1,677
Amounts owed by participating interests 1,149,007 1,110,489
1,150,340 1,112,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 26,818 25,577
Trade creditors 5,708 13,234
Taxation and social security 30,663 47,058
Other creditors 31,142 19,970
94,331 105,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 753,074 830,881

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 645,801 728,572

ROTHER COMMERCIAL LIMITED (REGISTERED NUMBER: 06066132)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 779,892 856,458

Bank Loans includes £779,892 secured by way of a fixed first charge over the underlying assets.

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 104,077 115,077

Deferred
tax
£   
Balance at 1 December 2022 115,077
Provided during year (11,000 )
Balance at 30 November 2023 104,077

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES

Special reserve
The special reserves comprise the balance of revaluations relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.

Profit and loss account
The profit and loss account comprise the balance of profits accumulated over the life of the company. This reserve is distributable.

12. ULTIMATE PARENT COMPANY

The company is wholly owned by Rother Coastal Properties Ltd, a company incorporated in England & Wales.

The ultimate parent company is Corporate Finance (UK) Ltd, a company incorporated in England and Wales, being the parent company of Rother Coastal Properties Ltd.