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REGISTERED NUMBER: 06403025 (England and Wales)















RODL & PARTNER LIMITED

Audited Financial Statements for the Year Ended 31 December 2023






RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RODL & PARTNER LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Prof. Dr C Rödl
H Raible
I Farooq





REGISTERED OFFICE: 170 Edmund Street
Birmingham
B3 2HB





REGISTERED NUMBER: 06403025 (England and Wales)





AUDITORS: Lancaster Haskins Limited Statutory Auditor
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,273 132,117

CURRENT ASSETS
Debtors 5 3,446,831 1,884,875
Cash at bank and in hand 826,816 889,870
4,273,647 2,774,745
CREDITORS
Amounts falling due within one year 6 3,224,562 2,309,698
NET CURRENT ASSETS 1,049,085 465,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,358

597,164

PROVISIONS FOR LIABILITIES 34,488 21,473
NET ASSETS 1,215,870 575,691

CAPITAL AND RESERVES
Called up share capital 258,303 258,303
Retained earnings 957,567 317,388
SHAREHOLDERS' FUNDS 1,215,870 575,691

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 24 September 2024 and were signed on its behalf by:




Prof. Dr C Rödl - Director H Raible - Director




I Farooq - Director


RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

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


1. STATUTORY INFORMATION

Rodl & Partner 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.

The financial statements are presented in Sterling (£).

Turnover
Turnover represents net value of services provided excluding value added tax.

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Computer equipment - 25% on cost

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.


RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Balances with related parties
In the absence of formal agreements, amounts owing to group companies are included in current liabilities. Although this accords with FRS 102 Section 1A, the directors consider it unlikely that such liabilities will be discharged within 12 months of the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2022 - 67 ) .

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1 January 2023 55,451 373,354 428,805
Additions 4,975 121,391 126,366
At 31 December 2023 60,426 494,745 555,171
DEPRECIATION
At 1 January 2023 20,406 276,282 296,688
Charge for year 7,411 49,799 57,210
At 31 December 2023 27,817 326,081 353,898
NET BOOK VALUE
At 31 December 2023 32,609 168,664 201,273
At 31 December 2022 35,045 97,072 132,117

RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,147,652 1,612,144
Amounts owed by group undertakings 217,855 171,945
Other debtors 81,324 88,786
Directors' current accounts - 12,000
3,446,831 1,884,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 312
Trade creditors 1,330,724 397,005
Amounts owed to group undertakings 424,395 896,215
Social security and other taxes 595,125 350,873
Other creditors 870,262 664,225
Directors' current accounts 4,056 1,068
3,224,562 2,309,698

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 102,707 114,479
Between one and five years 8,663 134,126
111,370 248,605

8. SECURED DEBTS

A 1st legal charge dated 13/10/2022.
An unlimited debenture dated 05/10/2022 incorporating a fixed and floating charge.
This relates to a holding deposit taken by Lloyds Bank PLC for the overdraft facility.

9. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laura Bradshaw ACA FCCA (Senior Statutory Auditor)
for and on behalf of Lancaster Haskins Limited Statutory Auditor

RODL & PARTNER LIMITED (REGISTERED NUMBER: 06403025)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. 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.

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. ULTIMATE CONTROLLING PARTY

The highest controlling party of the group is Rodl & Partner Beteiligungsgesellschaft dbR, a partnership established in Germany. This undertaking is controlled by Prof. Dr. Christian Rodl due to the controlling interest in that undertaking. No consolidated accounts are publicly available in respect of this undertaking.