Registered number
13630640
Building Rockets Ltd
Filleted Accounts
29 February 2024
Building Rockets Ltd
Registered number: 13630640
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 560,875 539,322
Current assets
Debtors 4 81,082 -
Cash at bank and in hand 1,214 1
82,296 1
Creditors: amounts falling due within one year 6 (4,532) (258,877)
Net current assets/(liabilities) 77,764 (258,876)
Net assets 638,639 280,446
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 23,464 16,525
Profit and loss account 615,075 263,821
Shareholder's funds 638,639 280,446
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Paul Quinn
Director
Approved by the board on 2 October 2024
Building Rockets Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 March 2023 75 539,247 539,322
Additions - 35,076 35,076
Revaluation - 19,817 19,817
Disposals - (33,340) (33,340)
At 29 February 2024 75 560,800 560,875
4 Debtors 2024 2023
£ £
Other debtors 81,082 -
5 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 1,736 740
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,191 323
Other creditors 1,341 258,554
4,532 258,877
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 16,525 -
Gain on revaluation of land and buildings 6,939 16,525
At 29 February 2024 23,464 16,525
8 Related party transactions
At the period end, the company owed £615 (2023: £303) to Christopher Paul Quinn, Director. The loan is interest free and repayable on demand.

At the period end, the company was owed £81,082 (2023: £257,592 creditor) by Marketing in a Box Ltd. The loan is interest free and repayable on demand.
9 Controlling party
The company is ultimately controlled by Marketing in a Box Ltd, who own 75% of the issued share capital.
10 Other information
Building Rockets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tre-Ru House
The Leats
Truro
Cornwall
TR1 3AG
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