Rockstow Green Properties Limited 05458468 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a non trading company holding shares in trading subsidiaries Digita Accounts Production Advanced 6.30.9574.0 true false false false false 05458468 2023-01-01 2023-12-31 05458468 2023-12-31 05458468 core:RetainedEarningsAccumulatedLosses 2023-12-31 05458468 core:ShareCapital 2023-12-31 05458468 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05458468 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05458468 core:CostValuation 2023-12-31 05458468 core:DisposalsDecreaseInInvestments 2023-12-31 05458468 bus:SmallEntities 2023-01-01 2023-12-31 05458468 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05458468 bus:FullAccounts 2023-01-01 2023-12-31 05458468 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05458468 bus:RegisteredOffice 2023-01-01 2023-12-31 05458468 bus:CompanySecretary1 2023-01-01 2023-12-31 05458468 bus:Director1 2023-01-01 2023-12-31 05458468 bus:Director2 2023-01-01 2023-12-31 05458468 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05458468 bus:Agent1 2023-01-01 2023-12-31 05458468 core:Subsidiary1 2023-01-01 2023-12-31 05458468 core:Subsidiary1 countries:AllCountries 2023-01-01 2023-12-31 05458468 core:Subsidiary2 2023-01-01 2023-12-31 05458468 core:Subsidiary2 countries:AllCountries 2023-01-01 2023-12-31 05458468 core:Subsidiary3 2023-01-01 2023-12-31 05458468 core:Subsidiary3 countries:AllCountries 2023-01-01 2023-12-31 05458468 countries:EnglandWales 2023-01-01 2023-12-31 05458468 core:CostValuation 2022-12-31 05458468 2022-01-01 2022-12-31 05458468 2022-12-31 05458468 core:RetainedEarningsAccumulatedLosses 2022-12-31 05458468 core:ShareCapital 2022-12-31 05458468 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05458468 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 05458468 core:Subsidiary1 2022-01-01 2022-12-31 05458468 core:Subsidiary2 2022-01-01 2022-12-31 05458468 core:Subsidiary3 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05458468

Rockstow Green Properties Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Company Information

Directors

Mr C N Harvey

Mrs C Harvey

Company secretary

Mrs C Harvey

Registered office

53 High Street
Maidstone
Kent
ME14 1SY

Bankers

Lloyds Bank plc

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

537,198

837,198

Creditors: Amounts falling due within one year

5

(328,160)

(505,160)

Total assets less current liabilities

 

209,038

332,038

Creditors: Amounts falling due after more than one year

5

(96,750)

(219,750)

Net assets

 

112,288

112,288

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

112,284

112,284

Total equity

 

112,288

112,288

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mrs C Harvey
Director

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
53 High Street
Maidstone
Kent
ME14 1SY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The directors have not prepared consolidated accounts. Section 399(2) of the Companies Act 2006 states that if, at the end of the year, a company is a parent company, the directors must prepare group accounts for the year as well as individual accounts unless the company is exempt from the requirement, such as being a small group, as is the case with Rockstow Green Properties Limited.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

537,198

837,198

Subsidiaries

£

Cost or valuation

At 1 January 2023

837,198

Disposals

(300,000)

At 31 December 2023

537,198

Provision

Carrying amount

At 31 December 2023

537,198

At 31 December 2022

837,198

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Sternway Properties Limited

Ordinary

100%

100%

 

England and Wales

     

Squire Property Services Limited

Ordinary

100%

100%

 

England and Wales

     

Kent Residential Lettings Limited

Ordinary

100%

100%

 

England Wales

     

Subsidiary undertakings

Sternway Properties Limited

The principal activity of Sternway Properties Limited was lettings management.

Squire Property Services Limited

The principal activity of Squire Property Services Limited was lettings management but the trade was transferred during the year to Sternway Properties Limited, so this company is no longer trading.

Kent Residential Lettings Limited

The principal activity of Kent Residential Lettings Limited was lettings management.

 

Rockstow Green Properties Limited
(Registration number: 05458468)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

43,000

43,000

Amounts owed to group undertakings and undertakings in which the company has a participating interest

206,191

383,192

Other creditors

 

78,969

78,968

 

328,160

505,160

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

96,750

139,750

Other non-current financial liabilities

 

-

80,000

 

96,750

219,750