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Registered number
01868761
Rollerteam Limited
Report and Unaudited Accounts
for the year ended
29 February 2024

Rollerteam Limited
Company Information



Directors
Mrs A Ehrenstein
Ms L Ehrenstein




Registered Office
16 Great Queen Street
Covent Garden
London
WC2B 5AH
United Kingdom




Registered Number
01868761



Rollerteam Limited
Directors' Report

The directors submit the report and financial statements for the year ended 29 February 2024.

Directors
The directors shown below held office during the whole of the accounting period:

Mrs A Ehrenstein

Ms L Ehrenstein

The report of the directors has 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.

This report was approved by the board on 25 November 2024.

..........................

Mrs A Ehrenstein

Director


Rollerteam Limited
Profit and Loss Account
for the year ended 29 February 2024

Notes 2024
£
2023
£
Turnover 1 788,220 943,000
Cost of sales (0) (0)
Gross profit 788,220 943,000
Administrative expenses (245,115) (274,643)
Operating profit/(loss) 543,105 668,357
Interest payable and similar charges (158,430) (89,499)
Profit/(loss) on ordinary activities before taxation 2 384,675 578,858
Tax on ordinary activities 3 (83,380) (109,983)
Profit/(loss) on ordinary activities after taxation 301,295 468,875

Rollerteam Limited
Balance Sheet
as at 29 February 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 5 10,000,000 6,975,895
10,000,000 6,975,895
Current assets
Debtors 6 73,640 563,185
Cash at bank and in hand 384,019 126,190
457,659 689,375
Creditors: amounts falling due within one year 7 (263,732) (259,353)
Net current assets / (liabilities) 193,927 430,022
Total assets less current liabilities 10,193,927 7,405,917
Creditors: amounts falling due after more than one year 8 (1,479,958) (1,662,552)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 8,713,969 5,743,365
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7,739,130 5,069,821
Profit and loss account 974,739 673,444
Shareholders' funds 8,713,969 5,743,365

Rollerteam Limited
Balance Sheet
as at 29 February 2024



These accounts 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.

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Signed on behalf of the board of directors

...............................

Mrs A Ehrenstein

Director


Approved by the board on 25 November 2024

Company Number: 01868761 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

16 Great Queen Street
Covent Garden
London
WC2B 5AH
United Kingdom

Rollerteam Limited
Notes to the Accounts
for the year ended 29 February 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and is stated net of VAT.
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £

3. Taxation
2024 2023
£ £
UK Corporation Tax 83,380 109,983
Tax on profit/(loss) on ordinary activities 83,380 109,983

4. Employees
2024 2023
Average number of employees during the period 0 0

5. Tangible fixed assets
Land & buildings Total
Cost or valuation £ £
At 1 March 2023 6,975,895 6,975,895
Revaluations 3,024,105 3,024,105
At 29 February 2024 10,000,000 10,000,000
Depreciation
At 29 February 2024 0 0
Net book value
At 29 February 2024 10,000,000 10,000,000
At 28 February 2023 6,975,895 6,975,895

The valuation of the company's freehold property in Baker Street which is open as the Sherlock Holmes Museum is based on an MV1 valuation of £10 million which was given on 25 June 2015 by Taylors Business Sureveyors and Valuers.


6. Debtors
2024 2023
£ £
Other debtors 73,640 563,185
73,640 563,185

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 0 8,037
Taxation & social security 263,732 251,316
263,732 259,353

The creditor's figure includes VAT of £180,352 which was due as at the balance sheet date and was paid in the VAT period following the year end. The balance is the corporation tax due on the company's profit.


8. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 1,479,958 1,662,552
1,479,958 1,662,552

As at the year end the company owed £1,369,458 to the Bath Building Society under a commercial mortgage secured on the company's freehold premises in Baker Street and £110,500 to HSBC being the balance due on a CBILS loan obtained during the coronavirus period.


Rollerteam Limited
Trading and Profit & Loss Account
For the year ended 29 February 2024
for the information of the Directors only

. . 2024
£
. 2023
£
Sales
Continuing Operations
Basic sales revenue 788,220 937,500
Grants and subsidies received - 4,000
Other trading income - 1,500
788,220 943,000
Cost of Sales
0 0
Administrative Expenses
Premise Costs
Rent of premises 151,609 118,304
Rates on premises 25,676 27,444
Utility charges 24,078 11,305
Insurance on premises 5,891 4,753
207,254 161,806
General
Repairs, renewals and maintenance - 56,752
Hire and leasing of plant, equipment and vehicles 7,179 -
7,179 56,752
Legal & Professional
Legal fees 26,535 42,065
Accountancy fees 3,481 3,700
30,016 45,765
Finance Charges
Bank charges 666 1,492
Leases and hire purchase contracts - 8,828
666 10,320
245,115 274,643
.
Operating Profit 543,105 668,357