Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-0122truetruefalse 00384200 2023-02-01 2024-01-31 00384200 2022-02-01 2023-01-31 00384200 2024-01-31 00384200 2023-01-31 00384200 c:Director1 2023-02-01 2024-01-31 00384200 d:OfficeEquipment 2023-02-01 2024-01-31 00384200 d:OfficeEquipment 2024-01-31 00384200 d:OfficeEquipment 2023-01-31 00384200 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00384200 d:FreeholdInvestmentProperty 2024-01-31 00384200 d:FreeholdInvestmentProperty 2023-01-31 00384200 d:CurrentFinancialInstruments 2024-01-31 00384200 d:CurrentFinancialInstruments 2023-01-31 00384200 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 00384200 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 00384200 d:ShareCapital 2024-01-31 00384200 d:ShareCapital 2023-01-31 00384200 d:RevaluationReserve 2024-01-31 00384200 d:RevaluationReserve 2023-01-31 00384200 d:OtherMiscellaneousReserve 2024-01-31 00384200 d:OtherMiscellaneousReserve 2023-01-31 00384200 d:RetainedEarningsAccumulatedLosses 2024-01-31 00384200 d:RetainedEarningsAccumulatedLosses 2023-01-31 00384200 c:FRS102 2023-02-01 2024-01-31 00384200 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 00384200 c:FullAccounts 2023-02-01 2024-01-31 00384200 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00384200 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 00384200 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 00384200 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 00384200 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 00384200 d:OtherDeferredTax 2024-01-31 00384200 d:OtherDeferredTax 2023-01-31 00384200 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 00384200










Rodhus Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2024

 
Rodhus Properties Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Rodhus Properties Limited for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rodhus Properties Limited for the year ended 31 January 2024 which comprise  the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Rodhus Properties Limited, as a body, in accordance with the terms of our engagement letter dated 20 July 2022Our work has been undertaken solely to prepare for your approval the financial statements of Rodhus Properties Limited and state those matters that we have agreed to state to the Board of Directors of Rodhus Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rodhus Properties Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Rodhus Properties Limited 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 Rodhus Properties Limited. You consider that Rodhus Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rodhus Properties Limited. 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.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Brighton
East Sussex
BN2 4GL
18 October 2024
Page 1

 
Rodhus Properties Limited
Registered number: 00384200

Balance Sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,072
8,830

Investment property
 5 
3,500,000
3,500,000

  
3,505,072
3,508,830

Current assets
  

Debtors: amounts falling due within one year
 6 
28,451
21,953

Bank and cash balances
  
32,457
33,995

  
60,908
55,948

Creditors: amounts falling due within one year
 7 
(322,200)
(322,737)

Net current liabilities
  
 
 
(261,292)
 
 
(266,789)

Total assets less current liabilities
  
3,243,780
3,242,041

Provisions for liabilities
  

Deferred tax
 8 
(641,452)
(640,971)

  
 
 
(641,452)
 
 
(640,971)

Net assets
  
2,602,328
2,601,070


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Fair value reserve
  
2,557,244
2,557,244

Other reserves
  
1,600
1,600

Profit and loss account
  
42,484
41,226

  
2,602,328
2,601,070


Page 2

 
Rodhus Properties Limited
Registered number: 00384200

Balance Sheet (continued)
As at 31 January 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
R C B M Ainsworth
Director
Date: 18 October 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Rodhus Properties Limited
 

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

1.


General information

Rodhus Properties Limited is a private company limited by share capital incorporated in England and Wales. The company registration number is: 00384200. The address of its registered office is: 30 Hollingdean Road, Brighton, East Sussex BN2 4AA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts are prepared on a going concern basis.

 
2.3

Turnover

Turnover represents amounts chargeable in respect of services to customers. 

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation.

Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives as follows:

Office equipment
-
25%
straight line

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

Page 4

 
Rodhus Properties Limited
 

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

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expenses for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge is attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax relating to revalued investment property is measured using the tax rates and allowances that apply to the potential sale of the asset.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
Rodhus Properties Limited
 

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

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 February 2023
17,084


Disposals
(494)



At 31 January 2024

16,590



Depreciation


At 1 February 2023
8,254


Charge for the year on owned assets
3,758


Disposals
(494)



At 31 January 2024

11,518



Net book value



At 31 January 2024
5,072



At 31 January 2023
8,830


5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
3,500,000



At 31 January 2024
3,500,000

The 2024 valuations were made by R C B M Ainsworth, one of the directors, on an open market value for existing use basis.


2024
2023
£
£


Historic cost
295,288
295,288

Accumulated depreciation
(52,657)
(52,602)

242,631
242,686

Page 6

 
Rodhus Properties Limited
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
3,606
4,110

Director's loan account
17,673
12,438

Tax recoverable
7,172
5,405

28,451
21,953



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to related party
309,249
310,119

Corporation tax
1,767
1,187

Other taxation and social security
1,548
2,220

Other creditors
6,276
6,271

Accruals and deferred income
3,360
2,940

322,200
322,737



8.


Deferred taxation




2024


£






At beginning of year
(640,971)


Charged to profit or loss
(481)



At end of year
(641,452)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,049)
(1,941)

Tax losses carried forward
7,065
8,438

Capital gains
(647,468)
(647,468)

(641,452)
(640,971)

Page 7

 
Rodhus Properties Limited
 

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

9.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £2,972 (2023 - £2,163).
Contributions totalling £322 (2023 - £501) were payable to the scheme at the end of the year and are included in other creditors.


10.


Related party transactions

Rodhus Investments Limited
(Related company)
The directors of Rodhus Properties Limited were also directors of Rodhus Investments Limited. At the balance sheet date the amount due to Rodhus Investments Limited was £309,249 (2023 - £310,119).
R C B M Ainsworth
(Director)
During the year the director was provided with a loan, on which interest is charged, from the company. At the year end the amount due from the director was £17,673 (2023 - £12,438).


Page 8