Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseproperty development00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11002694 2023-04-01 2024-03-31 11002694 2022-04-01 2023-03-31 11002694 2024-03-31 11002694 2023-03-31 11002694 c:Director1 2023-04-01 2024-03-31 11002694 d:FurnitureFittings 2023-04-01 2024-03-31 11002694 d:FurnitureFittings 2024-03-31 11002694 d:FurnitureFittings 2023-03-31 11002694 d:CurrentFinancialInstruments 2024-03-31 11002694 d:CurrentFinancialInstruments 2023-03-31 11002694 d:Non-currentFinancialInstruments 2024-03-31 11002694 d:Non-currentFinancialInstruments 2023-03-31 11002694 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11002694 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11002694 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11002694 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11002694 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11002694 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11002694 d:ShareCapital 2024-03-31 11002694 d:ShareCapital 2023-03-31 11002694 d:RetainedEarningsAccumulatedLosses 2024-03-31 11002694 d:RetainedEarningsAccumulatedLosses 2023-03-31 11002694 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 11002694 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 11002694 c:FRS102 2023-04-01 2024-03-31 11002694 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11002694 c:FullAccounts 2023-04-01 2024-03-31 11002694 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11002694 2 2023-04-01 2024-03-31 11002694 6 2023-04-01 2024-03-31 11002694 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11002694









JOHN RODON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
JOHN RODON LIMITED
REGISTERED NUMBER: 11002694

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
97

Investments
 5 
425,440
416,940

  
425,440
417,037

Current assets
  

Stocks
 6 
15,000
225,614

Debtors: amounts falling due within one year
 7 
48,215
80,874

Cash at bank and in hand
 8 
84,249
57,014

  
147,464
363,502

Creditors: amounts falling due within one year
 9 
(108,364)
(62,515)

Net current assets
  
 
 
39,100
 
 
300,987

Total assets less current liabilities
  
464,540
718,024

Creditors: amounts falling due after more than one year
 10 
(190,667)
(338,342)

  

Net assets
  
273,873
379,682


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
273,773
379,582

  
273,873
379,682


Page 1

 
JOHN RODON LIMITED
REGISTERED NUMBER: 11002694
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.




................................................
Juan Rodon
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

John Rodon Limited is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

Page 4

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Fixtures and fittings

£





At 1 April 2023
408


Disposals
(408)



At 31 March 2024

-





At 1 April 2023
311


Disposals
(311)



At 31 March 2024

-



Net book value



At 31 March 2024
-



At 31 March 2023
97

Page 6

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2023
416,940


Additions
8,500



At 31 March 2024
425,440





6.


Stocks

2024
2023
£
£

Work in progress
15,000
225,614

15,000
225,614



7.


Debtors

2024
2023
£
£


Amounts owed by associated undertakings
6,170
14,671

Other debtors
34,871
58,307

Prepayments and accrued income
7,174
7,896

48,215
80,874



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
84,249
57,014

84,249
57,014


Page 7

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
106,464
60,715

Accruals and deferred income
1,900
1,800

108,364
62,515



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
190,667
338,342

190,667
338,342



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
190,667
338,342


190,667
338,342



12.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
84,249
57,014




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
JOHN RODON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Controlling party

The Company is controlled by the director Juan Rodon, by virtue of his shareholding, as described in the Director's report.

 
Page 9