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Registered number: 04028633
Rogate Services Ltd.
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—7
Page 1
Abridged Balance Sheet
Registered number: 04028633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,687,498 1,879,998
Investment Properties 6 160,000 -
1,847,498 1,879,998
CURRENT ASSETS
Stocks 289,978 302,536
Debtors 7 34,468 29,813
Cash at bank and in hand 2,785 1,662
327,231 334,011
Creditors: Amounts Falling Due Within One Year (402,458 ) (326,161 )
NET CURRENT ASSETS (LIABILITIES) (75,227 ) 7,850
TOTAL ASSETS LESS CURRENT LIABILITIES 1,772,271 1,887,848
Creditors: Amounts Falling Due After More Than One Year (236,816 ) (315,459 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (197,314 ) (204,330 )
NET ASSETS 1,338,141 1,368,059
CAPITAL AND RESERVES
Called up share capital 8 103 103
Revaluation reserve 10 931,025 943,857
Profit and Loss Account 407,013 424,099
SHAREHOLDERS' FUNDS 1,338,141 1,368,059
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Luff
Director
20/11/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Rogate Services Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04028633 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of new and used motor vehicles and associated commissions, as well as motor repair services and MOT tests. Turnover is reduced for estimated customer refunds, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include legal costs which have been fully amortised to profit and loss account over their estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% - 4% straight line (property only)
Plant & Machinery 10% - 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
Freehold land and property (owner-occupied property) is accounted for using the revaluation model contained in Section 17 of FRS 102, applying the alternative accounting rules in the Companies Act 2006.
All assets within the asset class are revalued with revaluation movements passing through the revaluation reserve in the balance sheet. Associated deferred tax on the revaluation is accounted for and passes through the revaluation reserve.

If a revaluation loss arises the carrying amount of the asset is reduced and the corresponding debit is taken to the revaluation reserve to the extent of a surplus in respect of that asset. Once the surplus in the revaluation reserve in respect of that asset has been used up, any further losses are recognised in profit and loss. Gains on revaluations are recognised in other comprehensive income (via the revaluation reserve). The exception to this would be where the gain reverses a previous revaluation decrease in respect of the same asset which has been recognised in profit or loss. In such cases, the gain is taken to profit or loss to the extent of the previously recognised loss with any resulting excess being recognised in the revaluation reserve.

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2.5. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was 4 (2023: 6)
4 6
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4. Intangible Assets
Total
£
Cost
As at 1 May 2023 1,860
As at 30 April 2024 1,860
Amortisation
As at 1 May 2023 1,860
As at 30 April 2024 1,860
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Total
£
Cost or Valuation
As at 1 May 2023 2,165,797
Disposals (160,000 )
Revaluation (12,832 )
As at 30 April 2024 1,992,965
Depreciation
As at 1 May 2023 285,799
Provided during the period 19,668
As at 30 April 2024 305,467
Net Book Value
As at 30 April 2024 1,687,498
As at 1 May 2023 1,879,998
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Cost or valuation as at 30 April 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 800,736 134,784 22,429 30,242 988,191
At valuation 1,004,774 - - - 1,004,774
1,805,510 134,784 22,429 30,242 1,992,965
6. Investment Property
2024
£
Fair Value
As at 1 May 2023 -
Additions 160,000
As at 30 April 2024 160,000
7. Debtors
2024 2023
£ £
Due after more than one year
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
9. Directors Advances, Credits and Guarantees
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Michael Luff (1,983 ) 105,696 113,595 - (9,882 )
Interest was charged during the year on the loan to the director at the HMRC official rates on beneficial loan arrangements and amounted to £736 (2023: £305).
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10. Reserves
Revaluation Reserve
£
As at 1 May 2023 943,857
Movement in year (12,832 )
As at 30 April 2024 931,025
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