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Registration number: 10768216

Charles Rookwood Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

Company Information

Directors

Mr Edward George Rowe

Mr William Robert Henry Rowe

Company secretary

Mr Edward George Rowe

Registered office

Rookwood Hall
Abbess Roding
Ongar
Essex
CM5 0JL

Registered number

10768216

Accountants

Evolve Tax & Accountancy LLP
Chartered Certified Accountants
Baythorne Hall
Baythorne End
Halstead
Essex
CO9 4AH

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Investments

4

5,749,974

5,749,974

Current assets

 

Cash at bank and in hand

 

555

16,976

Creditors: Amounts falling due within one year

6

(59,846)

(54,649)

Net current liabilities

 

(59,291)

(37,673)

Total assets less current liabilities

 

5,690,683

5,712,301

Creditors: Amounts falling due after more than one year

6

(991,239)

(1,053,538)

Net assets

 

4,699,444

4,658,763

Capital and Reserves

 

Called up share capital

7

10

10

Share premium reserve

4,416,406

4,416,406

Retained Earnings

283,028

242,347

Shareholders' funds

 

4,699,444

4,658,763

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr Edward George Rowe
Company secretary and director

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Rookwood Hall
Abbess Roding
Ongar
Essex
CM5 0JL

These financial statements were authorised for issue by the Board on 25 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

5,749,974

5,749,974

Subsidiaries

£

Cost or valuation

At 1 April 2023

5,749,974

Provision

Carrying amount

At 31 March 2024

5,749,974

At 31 March 2023

5,749,974

5

Debtors

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the year are £Nil (2023 - £Nil)

All amounts are due within one year.

Current

2024
£

2023
£

 

-

-

 

Charles Rookwood Holdings Ltd
(Registration number: 10768216)

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

50,000

50,000

Amounts owed to group undertakings and undertakings in which the company has a participating interest

5,000

-

Accruals and deferred income

 

4,846

4,649

 

59,846

54,649

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

991,239

1,053,538

7

Share capital

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

991,239

1,053,538

Current loans and borrowings

2024
£

2023
£

Bank borrowings

50,000

50,000