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REGISTERED NUMBER: 08348527 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Rocksand Trading Limited

Rocksand Trading Limited (Registered number: 08348527)






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




Page

Company information 1

Report of the directors 2

Income statement 4

Balance sheet 5

Statement of changes in equity 7

Notes to the financial statements 8


Rocksand Trading Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Global Assistance Services Sa
Mr S J M Postifferi





SECRETARY: Vistra Cosec Limited





REGISTERED OFFICE: Jordan Limited, Suite 1,
7th Floor, 50 Broadway
London
United Kingdom
SW1H 0BL





REGISTERED NUMBER: 08348527 (England and Wales)





ACCOUNTANTS: Equiom (Scotland)
15a Harbour Road
Inverness
INVERNESS-SHIRE
IV1 1SY

Rocksand Trading Limited (Registered number: 08348527)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report and financial statements for the year ended 31 January 2024. The principal activity of Rocksand Trading Limited is of a holding company.

Results and Dividends

2024 2023
£    £   

Loss for the financial year 6,748 (76 )
Dividends paid - -
Amounts carried to reserves 6,748 (76 )

The directors do not recommend the payment of a dividend.

DIRECTORS
The directors who served during the year and to date are:

Global Assistance Services S.A.
Audrey Ramirez

Secretary

The secretary who served during the year and to date are:
Vistra Cosec Limited

DIRECTOR'S RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS
The directors are responsible for preparing the Directors’ Report 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 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 which 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.


Rocksand Trading Limited (Registered number: 08348527)

Report of the Directors
for the Year Ended 31 January 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Global Assistance Services Sa - Director


28 August 2024

Rocksand Trading Limited (Registered number: 08348527)

Income Statement
for the Year Ended 31 January 2024

2024 2023
£    £   

TURNOVER - -

Operational expenses (12,193 ) (6,006 )
(12,193 ) (6,006 )

Other operating income 1,891 (2,851 )
OPERATING LOSS (10,302 ) (8,857 )

Interest receivable and similar income 187,255 70,254
176,953 61,397

Interest payable and similar expenses (170,205 ) (61,473 )
PROFIT/(LOSS) BEFORE TAXATION 6,748 (76 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

6,748

(76

)

Rocksand Trading Limited (Registered number: 08348527)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 5,293,327 1,919,351

CURRENT ASSETS
Debtors 6 194,161 283,187
Cash at bank 6,904 507
201,065 283,694
CREDITORS
Amounts falling due within one year 7 (69,190 ) (350,152 )
NET CURRENT ASSETS/(LIABILITIES) 131,875 (66,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,425,202

1,852,893

CREDITORS
Amounts falling due after more than one
year

8

(5,464,064

)

(1,898,503

)
NET LIABILITIES (38,862 ) (45,610 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (38,863 ) (45,611 )
SHAREHOLDERS' FUNDS (38,862 ) (45,610 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Rocksand Trading Limited (Registered number: 08348527)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:





Global Assistance Services Sa - Director


Rocksand Trading Limited (Registered number: 08348527)

Statement of Changes in Equity
for the Year Ended 31 January 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 1 (45,535 ) (45,534 )

Changes in equity
Total comprehensive income - (76 ) (76 )
Balance at 31 January 2023 1 (45,611 ) (45,610 )

Changes in equity
Total comprehensive income - 6,748 6,748
Balance at 31 January 2024 1 (38,863 ) (38,862 )

Rocksand Trading Limited (Registered number: 08348527)

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

1. STATUTORY INFORMATION

The principal activity of Rocksand Trading Limited is that of a holding company.

The company is a private company limited by shares and incorporated in the UK. Its registered office is Jordan Limited, Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL. The company’s registered number is 08348527.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements are prepared on a going concern basis, under the historical cost convention,
as modified by the revaluation of certain financial assets and liabilities measured at fair value through the statement of comprehensive income.

Going concern
The company is dependent on the continued financial support of the lenders in order to enable it to continue operating and to meet its liabilities as they fall due. The lenders have agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept.

Interest income
Interest income is accounted for on a receivable basis.

Expenses
Expenses are recognised on an accruals basis.

Foreign currency
Foreign currency transactions are translated into the functional currency using the spot exchange rates
at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The Company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated and are based on historical experience as adjusted for current market conditions and other factors. The resulting accounting estimates will, by definition, seldom equal the related actual results.

4. EMPLOYEES AND DIRECTORS

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

Rocksand Trading Limited (Registered number: 08348527)

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

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   

Brought forward 542 542
Additions 136,382 -

Carried forward 136,924 542

Analysed as:
SAS Achat Immo 136,924 542

136,924 542

SAS Achat Immo
The company owns 80% of the equity share capital of SAS Achat Immo (2032: 70%).

Loan receivable

2024 2023
£    £   

Loan receivable - SAS Achat Immo
€6,300,000

5,155,662

1,756,358
Interest on loan receivable
€867

741

162,451

5,156,403 1,918,809

In order to finance SAS Achat Immo's real estate project, the Company signed a loan agreement on 23 September 2020 which was unsecured, interest bearing at 4% per annum and repayable on the date of sale of the single lot comprising its real estate project. On 4 August 2023, the loan was increased by €4,030,000 to a total of €6,030,000. The interest rate was also increased from 4% to 6%. The loan and
interest are considered long-term assets by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
£   £   

Loan receivable - SAS Achat Immo
€244,339

191,810

265,508
Other debtors2,35117,679

194,161283,187

The above loans are unsecured, interest free and repayable on demand.

Rocksand Trading Limited (Registered number: 08348527)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
£   £   

Shareholders loan 60,011325.915
Equiom SAM1,4966,494
Accruals7,68317,743

69,190350,152

The shareholders loan payable to is unsecured, interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

20242023
£   £   

Shareholders loan
€6,030,000

5,155,662

1,756,358
Interest on shareholders loan
€360,704

308,402

142,145

5,464,0641,898,503

On 21 September 2020, the company subscribed a loan from its shareholder in order to finance its subsidiary. On 4 August 2023, the amount of the loan was increased by €4,030,000 to a total of €6,030,000. The interest rate was also increased from 3.5% to 5.5% for the entire loan.
This loan is unsecured.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary Shares £1 1 1

10. RELATED PARTY TRANSACTIONS AND ULTIMATE CONTROLLING PARTY

The company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.