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Company No: 10996312 (England and Wales)

ROCKPOOL VENTURES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ROCKPOOL VENTURES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ROCKPOOL VENTURES LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ROCKPOOL VENTURES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 1,889,900 1,154,900
Cash at bank and in hand 739 3,759
1,890,639 1,158,659
Creditors: amounts falling due within one year 5 ( 1,896,873) ( 1,161,800)
Net current liabilities (6,234) (3,141)
Total assets less current liabilities (6,134) (3,041)
Net liabilities ( 6,134) ( 3,041)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 6,234 ) ( 3,141 )
Total shareholder's deficit ( 6,134) ( 3,041)

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.

Director's responsibilities:

The financial statements of Rockpool Ventures Ltd (registered number: 10996312) were approved and authorised for issue by the Director on 31 October 2024. They were signed on its behalf by:

B Griffin
Director
ROCKPOOL VENTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ROCKPOOL VENTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rockpool Ventures Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 7.19, Paintworks, Bath Road, Bristol, BS4 3EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 100

Investments reflect the Company's interests in the entire issued ordinary share capital of its directly-held subsidiary Eden Conveyancing Ltd. The principal activity of Eden Conveyancing Ltd is that of a digital conveyancing service. The registered office address is Unit 7.19 Paintworks, Bath Road, Bristol, BS4 3EA.

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,889,900 1,154,900

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,895,013 1,160,000
Accruals 1,860 1,800
1,896,873 1,161,800

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.01 each 100 100

7. Related party transactions

The Company has taken exemption under section 33 of FRS 102 not to disclose transactions with wholly owned members of the same group headed by Rockpool Group Ltd.