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REGISTERED NUMBER: 05702169 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Rolfe East (Letting and Management) Ltd

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rolfe East (Letting and Management) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Rolfe
Mr J Hadfield
Mr R Barrett
Mr S Active



SECRETARY: Mr A Rolfe



REGISTERED OFFICE: 19 The Mall
Ealing
London
W5 2PJ



REGISTERED NUMBER: 05702169 (England and Wales)



ACCOUNTANTS: Campbell & Co
Office 17
Buxhall Business Park
Buxhall
Suffolk
IP14 3DJ



BANKERS: Barclays Bank plc
Leicester
LE87 2BB

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,287 748,196
38,287 748,196

CURRENT ASSETS
Debtors 6 212,529 135,927
Cash at bank and in hand 69,984 30,952
282,513 166,879
CREDITORS
Amounts falling due within one year 7 229,855 331,360
NET CURRENT ASSETS/(LIABILITIES) 52,658 (164,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,945

583,715

CREDITORS
Amounts falling due after more than one
year

8

(14,326

)

(256,430

)

PROVISIONS FOR LIABILITIES (6,290 ) (8,080 )
NET ASSETS 70,329 319,205

CAPITAL AND RESERVES
Called up share capital 800 800
Revaluation reserve 9 - 243,290
Capital redemption reserve 200 200
Retained earnings 69,329 74,915
SHAREHOLDERS' FUNDS 70,329 319,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr A Rolfe - Director


Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Rolfe East (Letting and Management) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Paid for Goodwill in respect of incomplete work in progress & sales leads from Rolfe East (South West London) Ltd has been amortised over it's useful life of 1 year, being the being time expected to convert work in progress and sales leads to income.

Paid for Goodwill in respect of incomplete work in progress, sales leads and trade goodwill from Rolfe East (West London) Ltd, has been amortised over it's expected useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 360,000
AMORTISATION
At 1 April 2023
and 31 March 2024 360,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 774,291 265,004 1,039,295
Additions - 1,869 1,869
Disposals (771,333 ) - (771,333 )
At 31 March 2024 2,958 266,873 269,831
DEPRECIATION
At 1 April 2023 71,333 219,766 291,099
Charge for year - 11,778 11,778
Revaluation adjustments (71,333 ) - (71,333 )
At 31 March 2024 - 231,544 231,544
NET BOOK VALUE
At 31 March 2024 2,958 35,329 38,287
At 31 March 2023 702,958 45,238 748,196

Included in cost or valuation of land and buildings is freehold land of £ 2,958 (2023 - £ 771,333 ) which is not depreciated.

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 2,958 266,873 269,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 134,535 41,010
Other debtors 77,994 94,917
212,529 135,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,665 104,010
Trade creditors 40,259 42,489
Taxation and social security 87,678 127,324
Other creditors 91,253 57,537
229,855 331,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 14,326 256,430

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 243,290
Property revaluation (243,290 )

At 31 March 2024 -

Rolfe East (Letting and Management) Ltd (Registered number: 05702169)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mr A Rolfe
Balance outstanding at start of year 9,224 (7,550 )
Amounts advanced 86,816 76,502
Amounts repaid (100,528 ) (59,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,488 ) 9,224

Mr J Hadfield
Balance outstanding at start of year 20,308 20,331
Amounts advanced 15,147 17,077
Amounts repaid (15,455 ) (17,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 20,308

Mr R Barrett
Balance outstanding at start of year 20,308 20,331
Amounts advanced 15,147 17,077
Amounts repaid (15,455 ) (17,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 20,308

The directors were provided with interest free loans as detailed during the year and in accordance with the terms of the related agreement.

All the loans are due to be repaid by 31st December 2024

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Rolfe.

The ultimate controlling party is Mr A Rolfe.