IRIS Accounts Production v24.1.9.2 07913307 Board of Directors 1.4.23 31.3.24 31.3.24 the manufacture of energy for utility suppliers. 0 0 true false true true false false true false 0 0 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079133072023-03-31079133072024-03-31079133072023-04-012024-03-31079133072022-03-31079133072022-04-012023-03-31079133072023-03-3107913307ns15:EnglandWales2023-04-012024-03-3107913307ns14:PoundSterling2023-04-012024-03-3107913307ns10:Director12023-04-012024-03-3107913307ns10:PublicLimitedCompanyPLC2023-04-012024-03-3107913307ns10:FRS1022023-04-012024-03-3107913307ns10:Audited2023-04-012024-03-3107913307ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3107913307ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-3107913307ns10:FullAccounts2023-04-012024-03-3107913307ns10:OrdinaryShareClass12023-04-012024-03-3107913307ns10:Director22023-04-012024-03-3107913307ns10:Director32023-04-012024-03-3107913307ns10:Director42023-04-012024-03-3107913307ns10:RegisteredOffice2023-04-012024-03-3107913307ns5:CurrentFinancialInstruments2024-03-3107913307ns5:CurrentFinancialInstruments2023-03-3107913307ns5:Non-currentFinancialInstruments2024-03-3107913307ns5:Non-currentFinancialInstruments2023-03-3107913307ns5:ShareCapital2024-03-3107913307ns5:ShareCapital2023-03-3107913307ns5:RetainedEarningsAccumulatedLosses2024-03-3107913307ns5:RetainedEarningsAccumulatedLosses2023-03-3107913307ns5:ShareCapital2022-03-3107913307ns5:RetainedEarningsAccumulatedLosses2022-03-3107913307ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3107913307ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3107913307ns5:PlantMachinery2023-04-012024-03-3107913307ns5:OwnedAssets2023-04-012024-03-3107913307ns5:OwnedAssets2022-04-012023-03-3107913307ns5:PlantMachinery2023-03-3107913307ns5:PlantMachinery2024-03-3107913307ns5:PlantMachinery2023-03-3107913307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107913307ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107913307ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3107913307ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3107913307ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3107913307ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107913307ns5:DeferredTaxation2023-03-3107913307ns5:DeferredTaxation2023-04-012024-03-3107913307ns5:DeferredTaxation2024-03-3107913307ns10:OrdinaryShareClass12024-03-3107913307ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 07913307 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DISTGEN ROGERSHILL LGC PLC

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


DISTGEN ROGERSHILL LGC PLC

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: M Ashworth
R C Carnell
D Potter
J V Zamick





REGISTERED OFFICE: 3 Merietts Court
Long Ashton Business Park Long Ashton
Bristol
BS41 9LB





REGISTERED NUMBER: 07913307 (England and Wales)





AUDITORS: James
Chartered Accountants
Statutory Auditors
6 Beaconsfield Road
Clifton
Bristol
BS8 2TS

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

STRATEGIC REPORT
For The Year Ended 31 March 2024

The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
The trading performance of the company is regarded as satisfactory given certain specific repair costs required to ensure that equipment efficiency and safety requirements were satisfied.

With the turbine operating to predicted levels, the future business outlook is positive.

The directors consider that the appropriate key performance indicators were:

- achievement of gross profit of £456,202 (94%) as compared to £229,086 (90%) for the prior year;
- maintenance of liquidity;
- payment of dividend to debenture holders.

The future trading outlook is positive.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have assessed the major risks facing the company as:

- the technical performance and reliability of equipment to ensure a high level of production and to generate electricity to anticipated levels;
- the impact on future revenues of changes in the economic climate
- the continued support of Government subsidies at contractually agreed levels.

ON BEHALF OF THE BOARD:





J V Zamick - Director


10 July 2024

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

REPORT OF THE DIRECTORS
For The Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2024 will be £118,159. These are paid to debenture holders.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

M Ashworth
R C Carnell
D Potter
J V Zamick

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, James, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J V Zamick - Director


10 July 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DISTGEN ROGERSHILL LGC PLC

Opinion
We have audited the financial statements of Distgen Rogershill Lgc plc (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DISTGEN ROGERSHILL LGC PLC


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DISTGEN ROGERSHILL LGC PLC


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the renewable energy sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DISTGEN ROGERSHILL LGC PLC


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Catherine Rich (Senior Statutory Auditor)
for and on behalf of James
Chartered Accountants
Statutory Auditors
6 Beaconsfield Road
Clifton
Bristol
BS8 2TS

10 July 2024

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

INCOME STATEMENT
For The Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 482,417 255,137

Cost of sales (26,215 ) (26,051 )
GROSS PROFIT 456,202 229,086

Administrative expenses (156,001 ) (167,796 )
OPERATING PROFIT 4 300,201 61,290

Interest receivable and similar income 973 265
PROFIT BEFORE TAXATION 301,174 61,555

Tax on profit 5 (75,000 ) (15,000 )
PROFIT FOR THE FINANCIAL YEAR 226,174 46,555

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

OTHER COMPREHENSIVE INCOME
For The Year Ended 31 March 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 226,174 46,555


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

226,174

46,555

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 217,723 242,723

CURRENT ASSETS
Debtors 8 688,265 556,659
Cash at bank 168,408 80,453
856,673 637,112
CREDITORS
Amounts falling due within one year 9 320,855 181,531
NET CURRENT ASSETS 535,818 455,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,541

698,304

CREDITORS
Amounts falling due after more than one
year

10

(382,222

)

(430,000

)

PROVISIONS FOR LIABILITIES 12 (36,612 ) (41,612 )
NET ASSETS 334,707 226,692

CAPITAL AND RESERVES
Called up share capital 13 12,500 12,500
Retained earnings 14 322,207 214,192
SHAREHOLDERS' FUNDS 334,707 226,692

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





J V Zamick - Director


DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

STATEMENT OF CHANGES IN EQUITY
For The Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 12,500 198,248 210,748

Changes in equity
Dividends - (30,611 ) (30,611 )
Total comprehensive income - 46,555 46,555
Balance at 31 March 2023 12,500 214,192 226,692

Changes in equity
Dividends - (118,159 ) (118,159 )
Total comprehensive income - 226,174 226,174
Balance at 31 March 2024 12,500 322,207 334,707

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

CASH FLOW STATEMENT
For The Year Ended 31 March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 269,369 15,169
Tax paid (16,450 ) (10,080 )
Net cash from operating activities 252,919 5,089

Cash flows from investing activities
Interest received 973 265
Net cash from investing activities 973 265

Cash flows from financing activities
Debenture issue (redemption) (47,778 ) (47,778 )
Debenture dividends paid (118,159 ) (22,675 )
Net cash from financing activities (165,937 ) (70,453 )

Increase/(decrease) in cash and cash equivalents 87,955 (65,099 )
Cash and cash equivalents at beginning of
year

2

80,453

145,552

Cash and cash equivalents at end of year 2 168,408 80,453

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

NOTES TO THE CASH FLOW STATEMENT
For The Year Ended 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2024 2023
£    £   
Profit before taxation 301,174 61,555
Depreciation charges 25,000 25,000
Finance income (973 ) (265 )
325,201 86,290
Increase in trade and other debtors (131,606 ) (13,814 )
Increase/(decrease) in trade and other creditors 75,774 (57,307 )
Cash generated from operations 269,369 15,169

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 168,408 80,453
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 80,453 145,552


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 80,453 87,955 168,408
80,453 87,955 168,408
Debt
Debts falling due within 1 year (47,778 ) - (47,778 )
Debts falling due after 1 year (430,000 ) 47,778 (382,222 )
(477,778 ) 47,778 (430,000 )
Total (397,325 ) 135,733 (261,592 )

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Distgen Rogershill Lgc plc is a private company , 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 represents net value of services supplied, 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.
Plant and machinery - Straight line over 20 years

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

There were no staff costs for the year ended 31 March 2024 nor for the year ended 31 March 2023.

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

2024 2023
£    £   
Directors' remuneration - -

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 25,000 25,000
Auditors' remuneration 6,500 5,500

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 75,000 15,000
Tax on profit 75,000 15,000

UK corporation tax has been charged at 25% (2023 - 19%).

6. DIVIDENDS

Debenture dividends of £118,159 were payable in respect of the year.

7. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 496,626
DEPRECIATION
At 1 April 2023 253,903
Charge for year 25,000
At 31 March 2024 278,903
NET BOOK VALUE
At 31 March 2024 217,723
At 31 March 2023 242,723

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,004 -
Amounts owed by group undertakings 562,042 482,506
Other debtors 28,600 -
Accrued income 33,475 35,639
Prepayments 35,144 38,514
688,265 556,659

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debentures (see note 11) 47,778 47,778
Trade creditors 8,438 16,062
Amounts owed to group undertakings 46,920 46,920
Tax 80,359 16,809
VAT 4,197 4,695
Other creditors 40,912 19,179
Debenture dividend payable 80,751 30,088
Accrued expenses 11,500 -
320,855 181,531

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Debentures (see note 11) 382,222 430,000

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Debentures 47,778 47,778

Amounts falling due between one and two years:
Debentures - 1-2 years 47,778 47,778

Amounts falling due between two and five years:
Debentures - 2-5 years 143,333 143,333

Amounts falling due in more than five years:

Repayable by instalments
Debentures more than 5 years 191,111 238,889

Debentures, issued to private investors, are redeemable over a period of 18 years and are entitled to investment income based on trading performance levels.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 36,612 41,612

DISTGEN ROGERSHILL LGC PLC (REGISTERED NUMBER: 07913307)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 41,612
Utilised during year (5,000 )
Balance at 31 March 2024 36,612

Deferred tax relates solely to timing differences between depreciation of fixed assets and capital allowances.

13. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 12,500 12,500

14. RESERVES
Retained
earnings
£   

At 1 April 2023 214,192
Profit for the year 226,174
Dividends (118,159 )
At 31 March 2024 322,207

15. ULTIMATE PARENT COMPANY

Participa Limited is regarded by the directors as being the company's ultimate parent company.

16. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.