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REGISTERED NUMBER: 08148360 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RODD PROPERTIES NUMBER 2 LIMITED

RODD PROPERTIES NUMBER 2 LIMITED (REGISTERED NUMBER: 08148360)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RODD PROPERTIES NUMBER 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J M Stack





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 08148360 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

RODD PROPERTIES NUMBER 2 LIMITED (REGISTERED NUMBER: 08148360)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 346 691
Investment property 5 2,000,000 2,000,000
2,000,346 2,000,691

CURRENT ASSETS
Debtors 6 120,402 96,234
Cash at bank 38,593 60,400
158,995 156,634
CREDITORS
Amounts falling due within one year 7 56,937 53,305
NET CURRENT ASSETS 102,058 103,329
TOTAL ASSETS LESS CURRENT LIABILITIES 2,102,404 2,104,020

PROVISIONS FOR LIABILITIES 8 162,440 123,520
NET ASSETS 1,939,964 1,980,500

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,939,963 1,980,499
SHAREHOLDERS' FUNDS 1,939,964 1,980,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 director and authorised for issue on 3 December 2024 and were signed by:




J M Stack - Director


RODD PROPERTIES NUMBER 2 LIMITED (REGISTERED NUMBER: 08148360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Rodd Properties Number 2 Limited 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 represents rental income receivable less Value Added Tax. Rental income is shown in the period in which it is due.

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 cost

Investment property
In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The director considers that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Taxation and deferred tax
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 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.

3. EMPLOYEES AND DIRECTORS

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

RODD PROPERTIES NUMBER 2 LIMITED (REGISTERED NUMBER: 08148360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 4,682
DEPRECIATION
At 1 May 2023 3,991
Charge for year 345
At 30 April 2024 4,336
NET BOOK VALUE
At 30 April 2024 346
At 30 April 2023 691

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,000,000
NET BOOK VALUE
At 30 April 2024 2,000,000
At 30 April 2023 2,000,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 2,000,000

If Investment Property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 409,144 409,144

Investment Property was valued on an open market basis on 30 April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 120,402 96,234

RODD PROPERTIES NUMBER 2 LIMITED (REGISTERED NUMBER: 08148360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 31,977 27,265
Other creditors 24,960 26,040
56,937 53,305

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 162,440 123,520

Deferred
tax
£   
Balance at 1 May 2023 123,520
Provided during year 38,920
Movement in the year
Balance at 30 April 2024 162,440

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1.00 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Director
Balance outstanding at start of year 91,761 77,814
Amounts advanced 137,324 93,947
Amounts repaid (112,000 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117,085 91,761

Interest was charged on the loan at a rate of 2.25% per annum.

11. PARENT COMPANY

The immediate and ultimate parent company is Overissue Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.