Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseInvestment in property33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04237086 2023-10-01 2024-09-30 04237086 2022-10-01 2023-09-30 04237086 2024-09-30 04237086 2023-09-30 04237086 2022-10-01 04237086 3 2022-10-01 2023-09-30 04237086 d:Director1 2023-10-01 2024-09-30 04237086 e:PlantMachinery 2023-10-01 2024-09-30 04237086 e:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04237086 e:OtherPropertyPlantEquipment 2024-09-30 04237086 e:OtherPropertyPlantEquipment 2023-09-30 04237086 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04237086 e:FreeholdInvestmentProperty 2024-09-30 04237086 e:FreeholdInvestmentProperty 2023-09-30 04237086 e:CurrentFinancialInstruments 2024-09-30 04237086 e:CurrentFinancialInstruments 2023-09-30 04237086 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 04237086 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 04237086 e:ShareCapital 2023-10-01 2024-09-30 04237086 e:ShareCapital 2024-09-30 04237086 e:ShareCapital 2022-10-01 2023-09-30 04237086 e:ShareCapital 2023-09-30 04237086 e:ShareCapital 2022-10-01 04237086 e:InvestmentPropertiesRevaluationReserve 2023-10-01 2024-09-30 04237086 e:InvestmentPropertiesRevaluationReserve 2024-09-30 04237086 e:InvestmentPropertiesRevaluationReserve 2022-10-01 2023-09-30 04237086 e:InvestmentPropertiesRevaluationReserve 2023-09-30 04237086 e:InvestmentPropertiesRevaluationReserve 2022-10-01 04237086 e:InvestmentPropertiesRevaluationReserve 3 2022-10-01 2023-09-30 04237086 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 04237086 e:RetainedEarningsAccumulatedLosses 2024-09-30 04237086 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 04237086 e:RetainedEarningsAccumulatedLosses 2023-09-30 04237086 e:RetainedEarningsAccumulatedLosses 2022-10-01 04237086 e:RetainedEarningsAccumulatedLosses 3 2022-10-01 2023-09-30 04237086 d:FRS102 2023-10-01 2024-09-30 04237086 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04237086 d:FullAccounts 2023-10-01 2024-09-30 04237086 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04237086 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04237086 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04237086 2 2023-10-01 2024-09-30 04237086 e:ShareCapital 3 2022-10-01 2023-09-30 04237086 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 04237086






ROCCABELLA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










img312b.png

 
ROCCABELLA LIMITED
REGISTERED NUMBER:04237086

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
17

Investment property
 5 
2,150,000
2,150,000

  
2,150,000
2,150,017

Current assets
  

Debtors: amounts falling due within one year
 6 
27,198
17,175

Cash at bank and in hand
 7 
36,365
17,738

  
63,563
34,913

Creditors: amounts falling due within one year
 8 
(96,663)
(59,586)

Net current liabilities
  
 
 
(33,100)
 
 
(24,673)

Total assets less current liabilities
  
2,116,900
2,125,344

Provisions for liabilities
  

Deferred tax
 9 
(237,864)
(237,864)

  
 
 
(237,864)
 
 
(237,864)

Net assets
  
1,879,036
1,887,480


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
 10 
1,152,756
1,152,756

Profit and loss account
 10 
726,180
734,624

  
1,879,036
1,887,480


Page 1

 
ROCCABELLA LIMITED
REGISTERED NUMBER:04237086
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 by: 




H Gover
Director

Date: 17 January 2025

Page 2

 
ROCCABELLA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2022
100
1,209,843
737,790
1,947,733


Comprehensive income for the year

Loss for the year
-
-
(24,253)
(24,253)
Total comprehensive income for the year
-
-
(24,253)
(24,253)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(36,000)
(36,000)

Deferred tax on Investment property revaluation
-
(57,087)
57,087
-


Total transactions with owners
-
(57,087)
21,087
(36,000)



At 1 October 2023
100
1,152,756
734,624
1,887,480


Comprehensive income for the year

Profit for the year
-
-
101,556
101,556
Total comprehensive income for the year
-
-
101,556
101,556


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(110,000)
(110,000)


Total transactions with owners
-
-
(110,000)
(110,000)


At 30 September 2024
100
1,152,756
726,180
1,879,036


Page 3

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Roccabella Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 89 Vicarage Hill, Benfleet, Essex, SS7 1PD.
The principal activity of the company continued to be that of investment in property.

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 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

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.

Page 4

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

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:

Plant & machinery
-
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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.


3.


Employees

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

Page 6

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Other fixed assets

£





At 1 October 2023
8,230


Disposals
(8,230)



At 30 September 2024

-





At 1 October 2023
8,213


Charge for the year on owned assets
4


Disposals
(8,217)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 30 September 2023
17

Page 7

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,150,000



At 30 September 2024
2,150,000

The 2024 valuations were made by H Gover, a director of the company, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 October 2023
1,152,756
1,209,843

Net deficit in movement properties
-
(57,087)

At 30 September 2024
1,152,756
1,152,756



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
759,380
759,380

759,380
759,380


6.


Debtors

2024
2023
£
£


Trade debtors
26,778
16,755

Amounts owed by group undertakings
420
420

27,198
17,175


Page 8

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,365
17,738

36,365
17,738



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
(529)
1,061

Amounts owed to group undertakings
832
5,832

Taxation and social security
44,417
14,041

Other creditors
13,379
12,832

Accruals and deferred income
38,564
25,820

96,663
59,586



9.


Deferred taxation




2024


£






At beginning of year
(237,864)



At end of year
(237,864)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(237,864)
(237,864)

(237,864)
(237,864)

Page 9

 
ROCCABELLA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Reserves

Investment property revaluation reserve

This reserve forms part of the profit and loss reserve representing the non-distributable element arising from the revaluation of investment property net of deferred tax.

Profit & loss account

All reserves in respect of profit and loss are distributable.

 
Page 10