REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
RODFORD LAND LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
RODFORD LAND LIMITED |
RODFORD LAND LIMITED (REGISTERED NUMBER: 11732819) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
RODFORD LAND LIMITED (REGISTERED NUMBER: 11732819) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 6 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
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. |
The financial statements were approved by the director and authorised for issue on |
RODFORD LAND LIMITED (REGISTERED NUMBER: 11732819) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | Statutory information |
Rodford Land Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11732819. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Units 8/9 Cedar Trade Park, Ferndown Industrial Estate, Cobham Road, Wimborne, Dorset, BH21 7SD. |
2. | Accounting policies |
Basis of preparing the financial statements |
During the prior period the company's accounting period was extended to 31 March 2023. As a result, the prior period covers 15 months and therefore the previous period is not directly comparable. |
Preparation of consolidated financial statements |
The financial statements contain information about Rodford Land 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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
RODFORD LAND LIMITED (REGISTERED NUMBER: 11732819) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
5. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other loans (see note 7) |
Trade creditors |
Amounts owed to group undertakings |
6. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other loans (see note 7) |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 580,783 | 712,292 |
7. | Loans |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 116,910 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 580,783 | 712,292 |
RODFORD LAND LIMITED (REGISTERED NUMBER: 11732819) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | Loans - continued |
The balances above represents consideration deferred for a period of ten years. |
8. | Secured debts |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Deferred consideration | 1,189,653 | 1,297,744 |
The deferred consideration is due to the former directors and shareholders Mr R Dallyn and Mrs C Dallyn and is secured against the shares of the company purchased and also by fixed and floating charges dated 7 March 2023 against all future assets of the company. |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 75 | 75 |
Ordinary B | £1 | 25 | 25 |
100 | 100 |
10. | Ultimate controlling party |
The company is controlled by the director, Mr N Dallyn who owns 75% of the issued share capital. |