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Registration number: 13313349

Prepared for the registrar

Rogers Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Rogers Investments Limited

(Registration number: 13313349)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,464

1,478

Investment property

5

503,515

491,515

Investments

6

1,151,804

1,151,804

Debtors

7

72,000

72,000

 

1,729,783

1,716,797

Current assets

 

Debtors

7

775,214

174,063

Cash at bank and in hand

 

272,210

982,961

 

1,047,424

1,157,024

Creditors: Amounts falling due within one year

8

(24,720)

(2,587)

Net current assets

 

1,022,704

1,154,437

Net assets

 

2,752,487

2,871,234

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,752,387

2,871,134

Shareholders' funds

 

2,752,487

2,871,234

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 


P S Rogers
Director

 

Rogers Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Farm House
Stanley Pontlarge
Cheltenham
GL54 5HD

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fixtures and fittings

20% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rogers Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

4

Tangible assets

Furniture, fixtures and fittings
£

Cost

At 1 May 2023

1,503

Additions

1,374

At 30 April 2024

2,877

Depreciation

At 1 May 2023

25

Charge for the year

388

At 30 April 2024

413

Carrying amount

At 30 April 2024

2,464

At 30 April 2023

1,478

 

Rogers Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

 

5

Investment properties

£

At 1 May 2023

491,515

Additions

12,000

At 30 April 2024

503,515

There has been no valuation of investment property by an independent valuer.

 

6

Investments

2024
£

2023
£

Investments in subsidiaries

8,400

8,400

Investments in associates

1,143,404

1,143,404

1,151,804

1,151,804

Subsidiaries

£

Cost

At 1 May 2023

8,400

Provision

Carrying amount

At 30 April 2024

8,400

At 30 April 2023

8,400

Associates

£

Cost

At 1 May 2023

1,143,404

Provision

Carrying amount

At 30 April 2024

1,143,404

At 30 April 2023

1,143,404

 

Rogers Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Pripco Limited

Technology House Herrick Close
Staverton Technology Park
Cheltenham
GL51 6TQ

Ordinary shares

50.6%

50.6%

Associates

Resipco Limited

Technology House Herrick Close
Staverton Technology Park
Cheltenham
GL51 6TQ

Ordinary shares

20%

20%

During the year the director gifted 13% of the share capital of BRG Technologies Limited to Rogers Investments Limited.

 

7

Debtors

2024
£

2023
£

Receivables from related parties

745,263

155,263

Other debtors

101,951

90,800

Less non-current portion

(72,000)

(72,000)

775,214

174,063

 

8

Creditors

2024
£

2023
£

Due within one year

Accruals and deferred income

24,720

2,400

Other creditors

-

187

24,720

2,587

 

9

Related party transactions

Summary of transactions with other related parties

At 30 April 2024 the company was owed £745,263 (2023: 155,263) by the director in the form of a director's loan account. Interest of £11,150 was charged on this balance and there are no fixed repayment terms.
 

During the year the director gifted 13% of the share capital of BRG Technologies Limited to Rogers Investments Limited.