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REGISTERED NUMBER: 11990471 (England and Wales)















ROCKY PEAK PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






ROCKY PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 11990471)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROCKY PEAK PROPERTIES LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs P L Parker
K R Parker





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 11990471 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

ROCKY PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 11990471)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,050,000 1,026,000

CURRENT ASSETS
Cash at bank 10,435 4,882

CREDITORS
Amounts falling due within one year 5 803,215 821,291
NET CURRENT LIABILITIES (792,780 ) (816,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,220

209,591

PROVISIONS FOR LIABILITIES 41,008 36,448
NET ASSETS 216,212 173,143

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 128,785 109,345
Retained earnings 87,327 63,698
SHAREHOLDERS' FUNDS 216,212 173,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 3 February 2025 and were signed on its behalf by:




K R Parker - Director


ROCKY PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 11990471)

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

1. STATUTORY INFORMATION

Rocky Peak Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

ROCKY PEAK PROPERTIES LIMITED (REGISTERED NUMBER: 11990471)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,026,000
Revaluations 24,000
At 31 May 2024 1,050,000
NET BOOK VALUE
At 31 May 2024 1,050,000
At 31 May 2023 1,026,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 44,794
Valuation in 2022 55,000
Valuation in 2023 46,000
Valuation in 2024 24,000
Cost 880,206
1,050,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 880,206 880,206

Investment properties were valued on open market basis on 31 May 2024 by the director, K R Parker .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,543 3,945
Other creditors 797,672 817,346
803,215 821,291

6. RESERVES
Fair
value
reserve
£   
At 1 June 2023 109,345
Transfer fair value reserve 19,440

At 31 May 2024 128,785