IRIS Accounts Production v24.2.0.383 10028945 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100289452023-01-31100289452024-01-31100289452023-02-012024-01-31100289452022-01-31100289452022-02-012023-01-31100289452023-01-3110028945ns15:EnglandWales2023-02-012024-01-3110028945ns14:PoundSterling2023-02-012024-01-3110028945ns10:Director12023-02-012024-01-3110028945ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110028945ns10:SmallEntities2023-02-012024-01-3110028945ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3110028945ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110028945ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110028945ns10:FullAccounts2023-02-012024-01-311002894512023-02-012024-01-3110028945ns10:Director22023-02-012024-01-3110028945ns10:RegisteredOffice2023-02-012024-01-3110028945ns5:CurrentFinancialInstruments2024-01-3110028945ns5:CurrentFinancialInstruments2023-01-3110028945ns5:Non-currentFinancialInstruments2024-01-3110028945ns5:Non-currentFinancialInstruments2023-01-3110028945ns5:ShareCapital2024-01-3110028945ns5:ShareCapital2023-01-3110028945ns5:RevaluationReserve2024-01-3110028945ns5:RevaluationReserve2023-01-3110028945ns5:CapitalRedemptionReserve2024-01-3110028945ns5:CapitalRedemptionReserve2023-01-3110028945ns5:RetainedEarningsAccumulatedLosses2024-01-3110028945ns5:RetainedEarningsAccumulatedLosses2023-01-3110028945ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110028945ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-012024-01-3110028945ns5:IntangibleAssetsOtherThanGoodwill2023-01-3110028945ns5:IntangibleAssetsOtherThanGoodwill2024-01-3110028945ns5:IntangibleAssetsOtherThanGoodwill2023-01-3110028945ns5:PlantMachinery2023-01-3110028945ns5:PlantMachinery2024-01-3110028945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3110028945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110028945ns5:RetainedEarningsAccumulatedLosses2023-01-3110028945ns5:RevaluationReserve2023-01-3110028945ns5:CapitalRedemptionReserve2023-01-3110028945ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 10028945 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Rooms That Rock Ltd

Rooms That Rock Ltd (Registered number: 10028945)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rooms That Rock Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs S A Etchells
I Etchells





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 10028945 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Rooms That Rock Ltd (Registered number: 10028945)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,781 38,138
Tangible assets 5 - -
Investment property 6 1,460,607 1,249,000
1,492,388 1,287,138

CURRENT ASSETS
Debtors 7 80,687 82,287
Cash at bank 24,709 28,869
105,396 111,156
CREDITORS
Amounts falling due within one year 8 73,741 79,821
NET CURRENT ASSETS 31,655 31,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,524,043

1,318,473

CREDITORS
Amounts falling due after more than
one year

9

(885,866

)

(891,872

)

PROVISIONS FOR LIABILITIES (40,205 ) -
NET ASSETS 597,972 426,601

Rooms That Rock Ltd (Registered number: 10028945)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 336 336
Revaluation reserve 10 211,711 104
Capital redemption reserve 10 64 64
Retained earnings 10 385,861 426,097
597,972 426,601

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

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

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 1 July 2024 and were signed on its behalf by:





I Etchells - Director


Rooms That Rock Ltd (Registered number: 10028945)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rooms That Rock Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10028945. The registered office is Wyvols Court, Basingstoke Road, Swallowfield, Reading, Berkshire, RG7 1WY. .

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 and value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

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.


Rooms That Rock Ltd (Registered number: 10028945)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 63,564
AMORTISATION
At 1 February 2023 25,426
Charge for year 6,357
At 31 January 2024 31,783
NET BOOK VALUE
At 31 January 2024 31,781
At 31 January 2023 38,138

Rooms That Rock Ltd (Registered number: 10028945)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 30,323
DEPRECIATION
At 1 February 2023
and 31 January 2024 30,323
NET BOOK VALUE
At 31 January 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,249,000
Revaluations 211,607
At 31 January 2024 1,460,607
NET BOOK VALUE
At 31 January 2024 1,460,607
At 31 January 2023 1,249,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 65,663
Valuation in 2020 (65,560 )
Valuation in 2024 211,607
Cost 1,248,897
1,460,607

Rooms That Rock Ltd (Registered number: 10028945)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 1,248,897 1,248,897

Investment property was valued on an open market basis on 31 January 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 1,600
Amounts owed by group undertakings 66,863 66,863
Other debtors 13,824 13,824
80,687 82,287

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,370 6,250
Amounts owed to group undertakings 65,265 65,265
Taxation and social security 207 -
Other creditors 1,899 8,306
73,741 79,821

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 885,866 891,872

Rooms That Rock Ltd (Registered number: 10028945)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 February 2023 426,097 104 64 426,265
Deficit for the year (18,736 ) (18,736 )
Dividends (21,500 ) (21,500 )
Revaluation - 211,607 - 211,607
At 31 January 2024 385,861 211,711 64 597,636