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REGISTERED NUMBER: 03329516 (England and Wales)
















Rock Solid Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Rock Solid Limited (Registered number: 03329516)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rock Solid Limited

Company Information
for the Year Ended 31st March 2024







Director: Mr. E J Bles





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 03329516 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Rock Solid Limited (Registered number: 03329516)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,052 5,709
Investments 5 169,372 169,372
Investment property 6 1,175,000 1,340,000
1,352,424 1,515,081

Current assets
Debtors 7 63,019 28,306
Cash at bank 140,625 261,369
203,644 289,675
Creditors
Amounts falling due within one year 8 105,400 54,825
Net current assets 98,244 234,850
Total assets less current liabilities 1,450,668 1,749,931

Provisions for liabilities 92,654 133,318
Net assets 1,358,014 1,616,613

Capital and reserves
Called up share capital 1,143 1,143
Share premium 168,361 168,361
Fair value reserve 553,863 677,613
Retained earnings 634,647 769,496
1,358,014 1,616,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rock Solid Limited (Registered number: 03329516)

Statement of Financial Position - continued
31st March 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 director and authorised for issue on 28th October 2024 and were signed by:





Mr. E J Bles - Director


Rock Solid Limited (Registered number: 03329516)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Rock Solid 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Rock Solid Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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 statement of financial position date.


Rock Solid Limited (Registered number: 03329516)

Notes to the Financial Statements - continued
for the Year Ended 31st March 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 statement of financial position 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 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st April 2023 54,011
Additions 5,031
At 31st March 2024 59,042
Depreciation
At 1st April 2023 48,302
Charge for year 2,688
At 31st March 2024 50,990
Net book value
At 31st March 2024 8,052
At 31st March 2023 5,709

5. Fixed asset investments
Shares in
group
companies
£   
Cost
At 1st April 2023
and 31st March 2024 169,372
Net book value
At 31st March 2024 169,372
At 31st March 2023 169,372

Rock Solid Limited (Registered number: 03329516)

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

5. Fixed asset investments - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Solid Floor Ltd
Registered office: 7a Ezra Street, London E2 7RH
Nature of business: Flooring supplier
%
Class of shares: holding
Ordinary 80.00
2024 2023
£    £   
Aggregate capital and reserves 387,675 391,696
Profit for the year 68,563 233,245

6. Investment property
Total
£   
Fair value
At 1st April 2023 1,340,000
Revaluations (165,000 )
At 31st March 2024 1,175,000
Net book value
At 31st March 2024 1,175,000
At 31st March 2023 1,340,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2014 569,505
Valuation in 2015 90,000
Valuation in 2016 135,000
Valuation in 2017 45,000
Valuation in 2020 25,000
Valuation in 2021 (55,000 )
Valuation in 2024 (165,000 )
Cost 530,495
1,175,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 530,495 530,495

The investment properties were valued on a fair value basis on 31st March 2024 by the company's director .

Rock Solid Limited (Registered number: 03329516)

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

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 25,713 -
Amounts owed by group undertakings 11,519 -
Other debtors 25,787 28,306
63,019 28,306

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 63,544 20,859
Other creditors 41,856 33,966
105,400 54,825