Albert Roger Holdings Limited 10192531 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 10192531 2023-01-01 2023-12-31 10192531 2023-12-31 10192531 bus:Director1 1 2023-12-31 10192531 core:CurrentFinancialInstruments 2023-12-31 10192531 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10192531 core:Goodwill 2023-12-31 10192531 core:FurnitureFittingsToolsEquipment 2023-12-31 10192531 bus:SmallEntities 2023-01-01 2023-12-31 10192531 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10192531 bus:FilletedAccounts 2023-01-01 2023-12-31 10192531 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10192531 bus:RegisteredOffice 2023-01-01 2023-12-31 10192531 bus:Director1 2023-01-01 2023-12-31 10192531 bus:Director1 1 2023-01-01 2023-12-31 10192531 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10192531 core:Goodwill 2023-01-01 2023-12-31 10192531 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 10192531 core:PlantMachinery 2023-01-01 2023-12-31 10192531 core:AllAssociates 2023-01-01 2023-12-31 10192531 countries:AllCountries 2023-01-01 2023-12-31 10192531 2022-12-31 10192531 bus:Director1 1 2022-12-31 10192531 core:Goodwill 2022-12-31 10192531 core:CostValuation 2022-12-31 10192531 2022-01-01 2022-12-31 10192531 2022-12-31 10192531 bus:Director1 1 2022-12-31 10192531 core:CurrentFinancialInstruments 2022-12-31 10192531 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10192531 core:Goodwill 2022-12-31 10192531 bus:Director1 1 2022-01-01 2022-12-31 10192531 bus:Director1 1 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 10192531

Albert Roger Holdings Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

image-name
 

Albert Roger Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Albert Roger Holdings Limited

Company Information

Director

Mr JA Roger Jara

Registered office

22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

Chartered Accountant

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Albert Roger Holdings Limited

(Registration number: 10192531)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

39,061

52,084

Tangible assets

5

18,682

-

Investments

6

412,149

412,149

 

469,892

464,233

Current assets

 

Debtors

7

991,051

792,643

Cash at bank and in hand

 

67,021

91,286

 

1,058,072

883,929

Creditors: Amounts falling due within one year

8

(42,567)

(22,641)

Net current assets

 

1,015,505

861,288

Net assets

 

1,485,397

1,325,521

Capital and reserves

 

Called up share capital

1,320,062

1,320,062

Retained earnings

165,335

5,459

Shareholders' funds

 

1,485,397

1,325,521

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.

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr JA Roger Jara
Director

 

Albert Roger Holdings Limited

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. Registration number 10192531.

The address of its registered office is:
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ
England

These financial statements were authorised for issue by the director on 12 September 2024.

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Albert Roger Holdings Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Albert Roger Holdings Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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 during the year, including the director, was 1 (2022 - 1).

 

Albert Roger Holdings Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

130,238

130,238

At 31 December 2023

130,238

130,238

Amortisation

At 1 January 2023

78,154

78,154

Amortisation charge

13,023

13,023

At 31 December 2023

91,177

91,177

Carrying amount

At 31 December 2023

39,061

39,061

At 31 December 2022

52,084

52,084

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

20,758

20,758

At 31 December 2023

20,758

20,758

Depreciation

Charge for the year

2,076

2,076

At 31 December 2023

2,076

2,076

Carrying amount

At 31 December 2023

18,682

18,682

 

Albert Roger Holdings Limited

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

6

Investments

2023
£

2022
£

Investments in subsidiaries

399,900

399,900

Investments in associates

12,249

12,249

412,149

412,149

Subsidiaries

£

Cost or valuation

At 1 January 2023

399,900

Provision

Carrying amount

At 31 December 2023

399,900

At 31 December 2022

399,900

Associates

£

Cost

At 1 January 2023

12,249

Provision

Carrying amount

At 31 December 2023

12,249

At 31 December 2022

12,249

7

Debtors

Note

2023
£

2022
£

Intercompany debtor

9

769,236

629,825

Directors loan accounts

 

221,815

162,818

 

991,051

792,643

 

Albert Roger Holdings Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Intercompany creditor

9

18,791

18,791

Accruals

 

2,110

2,410

Corporation tax control

 

11,418

1,440

VAT Control account

 

10,248

-

 

42,567

22,641

9

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr JA Roger Jara

162,818

416,968

(357,971)

221,816

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mr JA Roger Jara

161,321

320,926

(319,428)

162,818

The overdrawn director's loan account will be repaid within 9 months.

 

Albert Roger Holdings Limited

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

Summary of transactions with associates


Logicos 3pl
A company under common control
There is an intercompany balance due from Logicos 3pl of £17,972 (2022: £17,972) relating to loans issued between the companies.

Skin Sapiens Ltd
A 20% owned associate.
There is an intercompany balance due from Skin Sapiens Ltd of £60,201 (2022: £60,201) relating to loans issued between the companies.

Albert Roger & Partner France Limited
A 50% owned associate.
There is an intercompany balance due from Albert Roger & Partner France Limited of £30,569 (2022: £30,569) relating to loans issued between the companies.