IRIS Accounts Production v24.3.0.553 10412157 director 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary £1.00 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104121572023-02-28104121572024-02-29104121572023-03-012024-02-29104121572022-02-28104121572022-03-012023-02-28104121572023-02-2810412157ns15:EnglandWales2023-03-012024-02-2910412157ns14:PoundSterling2023-03-012024-02-2910412157ns10:Director12023-03-012024-02-2910412157ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910412157ns10:SmallEntities2023-03-012024-02-2910412157ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2910412157ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910412157ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910412157ns10:FullAccounts2023-03-012024-02-2910412157ns10:OrdinaryShareClass12023-03-012024-02-2910412157ns10:RegisteredOffice2023-03-012024-02-2910412157ns5:CurrentFinancialInstruments2024-02-2910412157ns5:CurrentFinancialInstruments2023-02-2810412157ns5:Non-currentFinancialInstruments2024-02-2910412157ns5:Non-currentFinancialInstruments2023-02-2810412157ns5:ShareCapital2024-02-2910412157ns5:ShareCapital2023-02-2810412157ns5:FurtherSpecificReserve1ComponentTotalEquity2024-02-2910412157ns5:FurtherSpecificReserve1ComponentTotalEquity2023-02-2810412157ns5:RetainedEarningsAccumulatedLosses2024-02-2910412157ns5:RetainedEarningsAccumulatedLosses2023-02-2810412157ns5:OwnedAssets2023-03-012024-02-2910412157ns5:OwnedAssets2022-03-012023-02-2810412157ns5:ComputerEquipment2023-02-2810412157ns5:ComputerEquipment2023-03-012024-02-2910412157ns5:ComputerEquipment2024-02-2910412157ns5:ComputerEquipment2023-02-2810412157ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910412157ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810412157ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2910412157ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2810412157ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2910412157ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2810412157ns5:Non-currentFinancialInstruments2023-03-012024-02-2910412157ns10:OrdinaryShareClass12024-02-2910412157ns5:RetainedEarningsAccumulatedLosses2023-02-2810412157ns5:FurtherSpecificReserve1ComponentTotalEquity2023-02-2810412157ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 10412157 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ROTHWELL INVESTMENT PORTFOLIO LTD

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Report of the Director 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


ROTHWELL INVESTMENT PORTFOLIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Ms J E Rothwell





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 10412157 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 29 FEBRUARY 2024

The director presents her report with the financial statements of the company for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of real estate.

DIRECTOR
Ms J E Rothwell held office during the whole of the period from 1 March 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms J E Rothwell - Director


28 November 2024

ROTHWELL INVESTMENT PORTFOLIO LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
ROTHWELL INVESTMENT PORTFOLIO LTD


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


28 November 2024

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

INCOME STATEMENT
FOR THE YEAR ENDED 29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 51,754 52,063

Cost of sales 15,516 11,255
GROSS PROFIT 36,238 40,808

Administrative expenses 32,706 31,607
OPERATING PROFIT 4 3,532 9,201


Interest payable and similar expenses 11,411 8,853
(LOSS)/PROFIT BEFORE TAXATION (7,879 ) 348

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(7,879

)

348

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 165 413
Investment property 6 250,000 250,000
250,165 250,413

CURRENT ASSETS
Debtors 7 2,782 4,766
Cash at bank 5,392 12,958
8,174 17,724
CREDITORS
Amounts falling due within one year 8 185,105 182,085
NET CURRENT LIABILITIES (176,931 ) (164,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,234

86,052

CREDITORS
Amounts falling due after more than one
year

9

(102,938

)

(107,877

)

PROVISIONS FOR LIABILITIES (10,366 ) (10,366 )
NET LIABILITIES (40,070 ) (32,191 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 11 44,194 44,194
Retained earnings 11 (84,364 ) (76,485 )
SHAREHOLDERS' FUNDS (40,070 ) (32,191 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





Ms J E Rothwell - Director


ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Rothwell Investment Portfolio Ltd 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.

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 each asset over its estimated useful life.

Computer Equipment - 25% SLM

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.

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
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.

Going concern disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 248 248

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 992
DEPRECIATION
At 1 March 2023 579
Charge for year 248
At 29 February 2024 827
NET BOOK VALUE
At 29 February 2024 165
At 28 February 2023 413

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 250,000
NET BOOK VALUE
At 29 February 2024 250,000
At 28 February 2023 250,000

This value is made up of two residential properties being,
11 Abbey Road worth £125,000 (Revaluation £28,006)
119 Wellholme Road worth £125,000 (Revaluation £26,554)

Fair value at 29 February 2024 is represented by
Cost £195,440
Valuation in 2019 £26,554
Valuation in 2020 £28,006

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,762 3,546
Other debtors 20 1,220
2,782 4,766

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Social security and other taxes 489 -
Director's current account 173,216 170,885
Accruals and deferred income 1,400 1,200
185,105 182,085

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,938 19,877
Other creditors 78,000 78,000
102,938 107,877

The BBL Scheme was launched on 27 April 2020 and is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 6 years, and early repayment is possible without additional charges.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1.00 £1 100 100

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 March 2023 (76,485 ) 44,194 (32,291 )
Deficit for the year (7,879 ) (7,879 )
At 29 February 2024 (84,364 ) 44,194 (40,170 )

ROTHWELL INVESTMENT PORTFOLIO LTD (REGISTERED NUMBER: 10412157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

12. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £173,217 (2023 - £170,884) owed to the company director, J E Rothwell. This loan is interest free, of no fixed term and repayable on demand.

The company's ultimate controlling party is J E Rothwell by virtue of her ownership of 100% of the issued share capital in the company.

13. TAXATION

The company has carried forward losses of £84,530 (2023 - £76,899) which it can use against future taxable profits.