Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132023-04-01falseHolding company4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10524493 2023-04-01 2024-03-31 10524493 2022-04-01 2023-03-31 10524493 2024-03-31 10524493 2023-03-31 10524493 c:Director4 2023-04-01 2024-03-31 10524493 d:OfficeEquipment 2023-04-01 2024-03-31 10524493 d:OfficeEquipment 2024-03-31 10524493 d:OfficeEquipment 2023-03-31 10524493 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10524493 d:CurrentFinancialInstruments 2024-03-31 10524493 d:CurrentFinancialInstruments 2023-03-31 10524493 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10524493 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10524493 d:ShareCapital 2024-03-31 10524493 d:ShareCapital 2023-03-31 10524493 d:RetainedEarningsAccumulatedLosses 2024-03-31 10524493 d:RetainedEarningsAccumulatedLosses 2023-03-31 10524493 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10524493 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10524493 c:FRS102 2023-04-01 2024-03-31 10524493 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10524493 c:FullAccounts 2023-04-01 2024-03-31 10524493 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10524493 6 2023-04-01 2024-03-31 10524493 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10524493










ROLLEM GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ROLLEM GROUP LIMITED
REGISTERED NUMBER: 10524493

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,814
11,836

Investments
 5 
1,640,989
1,640,989

  
1,649,803
1,652,825

Current assets
  

Debtors: amounts falling due within one year
 6 
522
300,156

Cash at bank and in hand
  
5,601
37,600

  
6,123
337,756

Creditors: amounts falling due within one year
 7 
(122,325)
(141,349)

Net current (liabilities)/assets
  
 
 
(116,202)
 
 
196,407

Provisions for liabilities
  

Deferred tax
 8 
(953)
(1,434)

Net assets
  
1,532,648
1,847,798


Capital and reserves
  

Called up share capital 
  
1,640,990
1,640,990

Profit and loss account
  
(108,342)
206,808

  
1,532,648
1,847,798


Page 1

 
ROLLEM GROUP LIMITED
REGISTERED NUMBER: 10524493
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 27 November 2024.



A J Longston
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Rollem Group Limited  is a private company limited by shares, incorporated in England and Wales on 14 December 2016 (registered number: 10524493). Its registered office is Unit 3A, Wentworth Way, Wentworth Industrial Estate, Tankersley, Barnsley S75 3DH. The principal acitivity of the company thoughout the period was that of a holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company’s functional and presentation currency is pounds sterling.

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Current and deferred 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.5

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, as follows.

The depreciation rates used are:

Office equipment
-
25%
Straight line

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.

Page 4

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 5

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 April 2023
12,088



At 31 March 2024

12,088



Depreciation


At 1 April 2023
252


Charge for the year on owned assets
3,022



At 31 March 2024

3,274



Net book value



At 31 March 2024
8,814



At 31 March 2023
11,836


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,640,989



At 31 March 2024
1,640,989




Page 6

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
40,000

Amounts owed by group undertakings
-
57,961

Other debtors
522
202,195

522
300,156



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
6,840

Amounts owed to group undertakings
110,369
109,207

Corporation tax
6,924
22,430

Other taxation and social security
2,532
1,022

Accruals and deferred income
2,500
1,850

122,325
141,349



8.


Deferred taxation




2024


£






At beginning of year
(1,434)


Charged to profit or loss
481



At end of year
(953)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
953
1,434

953
1,434

Page 7

 
ROLLEM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Pension commitments

The company operates a defined contribution scheme for the benefit of directors and employees. The assets of the company are administered by trustees in a fund independent from those of the company. The pension contributions payable for the year were £11,581 (2023: £22,313).


10.


Related party transactions

On 12 July 2024 the entire share capital of the company was acquired by the Rollem Group Employee-Ownership Trust ("the Trust"). The Trust holds shares for the future benefit of the employees of the company and its subsidiary undertaking, Rollem Patent Products Limited. The shares are held by Rollem EOT Limited in its capacity as corporate trustee of the Trust. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the company. The balance of the consideration was funded by the previous owner of the business. The loans due to the previous owner of the business are an obligation of the Trust, and so the liability for future payments has not been recognised by the company. During the year the company made contributions of £1,017,936 to the Trust.
The company does not control the Trust and so consolidated accounts have not been prepared.


11.


Controlling party

On 12 July 2024 the Rollem Group Employee-Ownership Trust became the beneficial owner of the whole of the issued share capital of the company. The shares are held by Rollem EOT Limited in its capacity of corporate trustee of the Trust.

 
Page 8