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Registered number: 04327073

Rollo Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Rollo Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
P O'Brien
S Davis
SECRETARY
P O'Brien
REGISTERED OFFICE
Holly House, 21d Chudleigh Rd
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04327073
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Rollo Homes Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Rollo Homes Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets35,9407,920
CURRENT ASSETS
Stock2,622,5002,633,000
Debtors5590,774600,630
Cash at bank and in hand1,329-
3,214,6033,233,630
CREDITORS: Amounts falling due within one year6434,721446,944
NET CURRENT ASSETS2,779,8822,786,686
TOTAL ASSETS LESS CURRENT LIABILITIES2,785,8222,794,606
CREDITORS: Amounts falling due after more than one year71,412,7231,419,291
PROVISIONS FOR LIABILITIES AND CHARGES81,1293,405
NET ASSETS1,371,9701,371,910
CAPITAL AND RESERVES
Called up share capital922
Revaluation reserve1d,10601,000601,000
Profit and loss account770,968770,908
SHAREHOLDERS' FUNDS1,371,9701,371,910
For the year ending 30/11/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2024 and signed on their behalf by
.............................
P O'Brien
Director

Rollo Homes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Fixtures and Fittings 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Rollo Homes Limited

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/12/202244,0003,82347,823
At 30/11/202344,0003,82347,823
Depreciation
At 01/12/202236,1703,73339,903
For the year1,958221,980
At 30/11/202338,1283,75541,883
Net Book Amounts
At 30/11/20235,872685,940
At 30/11/20227,830907,920
4. STOCK 20232022
££
Stock comprises:
Stock and work in progress2,021,5002,032,000
Revalued stock and work-in-progress601,000601,000
2,622,5002,633,000
5. DEBTORS 20232022
££
Amounts falling due within one year
VAT3,8522,951
Prepayments900-
4,7522,951
Amounts falling due over more than one year
Long term debtor586,022597,679
586,022597,679
590,774600,630

Rollo Homes Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax13,87011,541
PAYE control942620
Directors current account385,476383,159
Bank loans and overdrafts-1,833
Bank Loan23,09333,741
Loan - Just Lets-10,704
Credit card6,0531,346
Trade creditors1,287-
Accruals4,0004,000
434,721446,944
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr1,412,7231,419,291
1,412,7231,419,291
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,1293,405
1,1293,405
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22

Rollo Homes Limited

10. REVALUATION RESERVE 20232022
££
Revaluation reserve601,000601,000
601,000601,000