IRIS Accounts Production v24.2.0.383 11998557 Board of Directors 1.6.23 31.5.24 31.5.24 0 false true false false true false Fair value model Ordinary 1.00000 35915 35915 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119985572023-05-31119985572024-05-31119985572023-06-012024-05-31119985572022-05-31119985572022-06-012023-05-31119985572023-05-3111998557ns15:EnglandWales2023-06-012024-05-3111998557ns14:PoundSterling2023-06-012024-05-3111998557ns10:Director12023-06-012024-05-3111998557ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111998557ns10:SmallEntities2023-06-012024-05-3111998557ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3111998557ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111998557ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111998557ns10:FullAccounts2023-06-012024-05-3111998557ns10:OrdinaryShareClass12023-06-012024-05-3111998557ns10:Director2422022-05-3111998557ns10:Director2422022-06-012023-05-3111998557ns10:Director22023-06-012024-05-3111998557ns10:CompanySecretary12023-06-012024-05-3111998557ns10:RegisteredOffice2023-06-012024-05-3111998557ns5:CurrentFinancialInstruments2024-05-3111998557ns5:CurrentFinancialInstruments2023-05-3111998557ns5:Non-currentFinancialInstruments2024-05-3111998557ns5:Non-currentFinancialInstruments2023-05-3111998557ns5:ShareCapital2024-05-3111998557ns5:ShareCapital2023-05-3111998557ns5:RetainedEarningsAccumulatedLosses2024-05-3111998557ns5:RetainedEarningsAccumulatedLosses2023-05-3111998557ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111998557ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111998557ns10:OrdinaryShareClass12024-05-31119985571ns10:Director12023-05-31119985571ns10:Director12022-05-31119985571ns10:Director12023-06-012024-05-31119985571ns10:Director12022-06-012023-05-31119985571ns10:Director12024-05-31119985571ns10:Director12023-05-31
REGISTERED NUMBER: 11998557 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

RODDY NEW HOMES (SOUTH EAST) LTD

RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

RODDY NEW HOMES (SOUTH EAST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Roddy
P Roddy





SECRETARY: P Roddy





REGISTERED OFFICE: 130 Old Street
London
EC1V 9BD





REGISTERED NUMBER: 11998557 (England and Wales)





ACCOUNTANTS: MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG

RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 318,895 318,895

CURRENT ASSETS
Debtors 5 39,335 38,513
Cash at bank 1,389 1,563
40,724 40,076
CREDITORS
Amounts falling due within one year 6 8,256 5,964
NET CURRENT ASSETS 32,468 34,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,363

353,007

CREDITORS
Amounts falling due after more than one
year

7

351,631

357,187
NET LIABILITIES (268 ) (4,180 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (270 ) (4,182 )
SHAREHOLDERS' FUNDS (268 ) (4,180 )

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

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

RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)

BALANCE SHEET - continued
31 MAY 2024


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 30 September 2024 and were signed on its behalf by:





J Roddy - Director


RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Roddy New Homes (South East) Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

The average number of employees during the year was 2 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 318,895
NET BOOK VALUE
At 31 May 2024 318,895
At 31 May 2023 318,895

RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 490,096
Valuation in 2022 (171,201 )
318,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 39,335 38,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 5,556 5,555
Trade creditors - 409
Amounts owed to associates 2,700 -
8,256 5,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 351,631 357,187

Amounts falling due in more than five years:

Repayable by instalments
Foundation Homes Mortgage 321,995 321,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
2 Ordinary £1 2 2

RODDY NEW HOMES (SOUTH EAST) LTD (REGISTERED NUMBER: 11998557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
J Roddy and P Roddy
Balance outstanding at start of year - 35,915
Amounts repaid - (35,915 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

Palace Construction Limited

A company in which both directors are a shareholder


31/5/24 31/5/23
£    £   
Amount due from related party at the balance sheet date 37,011 36,210

Roddy New Homes Canterbury

A company in which Mr Roddy is a shareholder


31/5/24 31/5/23
£    £   
Amount due to related party at the balance sheet date 2,700 -

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The Company is owed 50/50 by Mr J Roddy and Mr P Roddy.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RODDY NEW HOMES (SOUTH EAST) LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roddy New Homes (South East) Ltd for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Roddy New Homes (South East) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roddy New Homes (South East) Ltd and state those matters that we have agreed to state to the Board of Directors of Roddy New Homes (South East) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roddy New Homes (South East) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roddy New Homes (South East) Ltd. You consider that Roddy New Homes (South East) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roddy New Homes (South East) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG


30 September 2024