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REGISTERED NUMBER: 01060980 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ROTHDEAN LIMITED

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROTHDEAN LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C J Jones
L W G Jones





SECRETARY: C J Jones





REGISTERED OFFICE: Forest Vale Road
Cinderford
Gloucestershire
GL14 2PH





REGISTERED NUMBER: 01060980 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,140,036 5,724,220
Investment property 5 - 245,000
6,140,036 5,969,220

CURRENT ASSETS
Stocks 6 4,403,448 4,003,015
Debtors 7 408,766 282,722
Cash at bank and in hand 4,575,328 4,846,132
9,387,542 9,131,869
CREDITORS
Amounts falling due within one year 8 (2,482,839 ) (2,211,778 )
NET CURRENT ASSETS 6,904,703 6,920,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,044,739

12,889,311

PROVISIONS FOR LIABILITIES (341,031 ) (235,752 )
NET ASSETS 12,703,708 12,653,559

CAPITAL AND RESERVES
Called up share capital 1,030 1,030
Retained earnings 12,702,678 12,652,529
SHAREHOLDERS' FUNDS 12,703,708 12,653,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Balance Sheet - continued
31 DECEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




L W G Jones - Director



C J Jones - Director


ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Rothdean 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information including annual budgets and future cash-flows in making their assessment. Based on this assessment, and current resources available, the directors have concluded that they are able to continue to adopt the going concern basis in prepared the financial statements.

Turnover
Turnover comprises amounts (excluding value added tax) derived from the provision of goods to customers, operating lease rentals and interest receivable on finance leases.

Income from the provision of goods is recognised when substantially all of the risk and rewards of ownership have passed to the customer.

Operating lease income is credited to the profit and loss account on a straight line basis over the period of the lease.

Finance lease income is split between capital and interest. The capital element is used to reduce the finance lease debtor and the interest element is credited to the profit and loss account on a straight line basis over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset less the estimated residual value over its estimated useful life.

Vehicles and trailers - 10% - 25% reducing balance
Plant and machinery - 10% reducing balance
Fixtures and fittings - 15% reducing balance

Leasehold improvements are amortised over the unexpired portion of the lease.

Freehold land and buildings are not depreciated. The directors believe that the residual value of the buildings is sufficient to render any potential accumulated depreciation immaterial.

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are accounted for in accordance with the Financial Reporting Standard 102 Section 1A and included at fair value. Gains and losses are recognised in the profit and loss account. No depreciation is provided in respect of such properties. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Cash and cash equivalents
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Equity instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Where the company leases out equipment and there is a transfer of substantially all of the risks and rewards of ownership of the asset, the lease is accounted for as a finance lease and the net investment is included in current assets. Where the company leases out equipment for a period less than its expected useful life, or does not transfer substantially all of the risks and rewards of ownership, the lease is accounted for as an operating lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme, the assets of which are held in a separately administered fund. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 31 ) .

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures Vehicles
Freehold Plant and and and
property machinery fittings trailers Totals
£    £    £    £    £   
COST
At 1 January 2023 4,692,917 597,876 32,883 1,112,827 6,436,503
Additions - 48,645 996 667,266 716,907
Disposals - (4,000 ) (5,300 ) (164,263 ) (173,563 )
At 31 December 2023 4,692,917 642,521 28,579 1,615,830 6,979,847
DEPRECIATION
At 1 January 2023 - 293,100 17,771 401,412 712,283
Charge for year - 44,571 2,150 137,810 184,531
Eliminated on disposal - (131 ) (5,014 ) (51,858 ) (57,003 )
At 31 December 2023 - 337,540 14,907 487,364 839,811
NET BOOK VALUE
At 31 December 2023 4,692,917 304,981 13,672 1,128,466 6,140,036
At 31 December 2022 4,692,917 304,776 15,112 711,415 5,724,220

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 245,000
Disposals (245,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 245,000

The property was sold during the 2023 financial year.

6. STOCKS
2023 2022
£    £   
Raw materials 111,087 108,909
Work-in-progress 227,000 28,503
Finished goods 4,065,361 3,865,603
4,403,448 4,003,015

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 90,476 186,670
Amounts receivable in respect of finance
leases

49,282

-
Other debtors 3,315 2,567
VAT 92,889 -
Prepayments and accrued income 154,938 93,485
390,900 282,722

Amounts falling due after more than one year:
Amounts receivable in respect of finance
leases

17,866

-

Aggregate amounts 408,766 282,722

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 643,739 101,952
Amounts owed to related undertakings 197,579 197,579
Tax 23,000 197,764
Social security and other taxes 24,194 6,835
VAT - 72,693
Other creditors 121,337 134,611
Directors' current accounts 1,390,848 1,435,465
Accruals and deferred income 82,142 64,879
2,482,839 2,211,778

The directors' loan accounts are unsecured and there is no interest charged on the loans outstanding.

Included within creditors, is £480 (2022 - £1,519) relating to pension contributions deducted from wages but not paid to the pension scheme administrator as at the year end.

9. OTHER FINANCIAL COMMITMENTS

At the year-end, the company had not entered into any letters of credit arrangements at the year end (2022 - £73,609).

ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. TRANSACTIONS WITH DIRECTORS

The directors own various properties which are leased to the company. The rent for the year paid to the directors in respect of these properties amounted to £71,333 (2022 - £71,333). The amount outstanding to the directors in respect of the rent was £29,000 (2022 - £nil).

The directors are also partners in Jones & Sons, a partnership from which the company rents certain property. The rent for the year paid to the partnership amounted to £2,500 (2022 - £2,500).

The company rents property from Lightmoor Limited, a company under common control. The rent paid during the year amounted to £46,000 (2022 - £46,000).

The company also rents properties from Rothdean Self Administered Pension Plan. The rent for the year paid to the pension scheme amounted to £230,000 (2022 - £220,000). Rothdean Self Administered Pension Plan reimbursed the company for insurance on the properties totalling £nil (2022 - £10,467).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr C J Jones and Mr L W G Jones.