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REGISTERED NUMBER: 02087541 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Roder UK Ltd

Roder UK Ltd (Registered number: 02087541)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roder UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L Dalton
H Klose



SECRETARY: L Dalton



REGISTERED OFFICE: Unit 16 Earith Business Park
Meadow Drove Earith
Huntingdon
Cambridgeshire
PE28 3QF



REGISTERED NUMBER: 02087541 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Mr Anthony James Brice FCCA



AUDITOR: Annatrice Limited
Statutory Auditor
10 The Thoroughfare
Harleston
Norfolk
IP20 9AX

Roder UK Ltd (Registered number: 02087541)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,840,156 1,863,847

CURRENT ASSETS
Stocks 101,409 159,338
Debtors 5 689,420 1,405,109
Cash at bank and in hand 78,615 212,233
869,444 1,776,680
CREDITORS
Amounts falling due within one year 6 1,093,692 1,869,280
NET CURRENT LIABILITIES (224,248 ) (92,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,615,908

1,771,247

CREDITORS
Amounts falling due after more than
one year

7

(465,168

)

(375,000

)

PROVISIONS FOR LIABILITIES (263,374 ) (249,610 )
NET ASSETS 887,366 1,146,637

CAPITAL AND RESERVES
Called up share capital 10 381,000 381,000
Capital redemption reserve 1,839,080 1,839,080
Retained earnings (1,332,714 ) (1,073,443 )
SHAREHOLDERS' FUNDS 887,366 1,146,637

Roder UK Ltd (Registered number: 02087541)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





L Dalton - Director


Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Roder UK Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
All of the company's financial instruments are basic financial instruments measured at amortised historic cost less any necessary provisions for impairment. The only exception is the cumulative preference shares redeemable at the option of the issuer and presented as compound financial instruments with debt and equity components. The dividends paid on these shares are presented as interest payable in accordance with UK GAAP.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,490,758
Additions 265,907
Disposals (18,516 )
At 31 December 2023 2,738,149
DEPRECIATION
At 1 January 2023 626,911
Charge for year 284,257
Eliminated on disposal (13,175 )
At 31 December 2023 897,993
NET BOOK VALUE
At 31 December 2023 1,840,156
At 31 December 2022 1,863,847

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 157,432
At 31 December 2023 157,432
DEPRECIATION
Charge for year 36,123
At 31 December 2023 36,123
NET BOOK VALUE
At 31 December 2023 121,309

Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 675,412 1,384,947
Other debtors 14,008 20,162
689,420 1,405,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 29,089 -
Trade creditors 50,028 56,028
Amounts owed to group undertakings 853,863 1,127,128
Taxation and social security 17,678 182,852
Other creditors 143,034 503,272
1,093,692 1,869,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 90,168 -
Other creditors 375,000 375,000
465,168 375,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 375,000 375,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 119,257 -

Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. FINANCIAL INSTRUMENTS

Creditors due after more than one year includes £375,000 (2022: £375,000) of cumulative preference shares redeemable at the option of the issuer. The dividends paid on these shares during the year of £37,500 (2022: £37,500) are included within interest payable in the profit and loss account. The shares have a nominal value of £750,000 and a coupon rate of 5%. The amount presented as a liability represents the fair value of the debt element of this compound financial instrument. The remaining balance of £375,000 is presented as share capital.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
6,000 Ordinary 1 6,000 6,000
750,000 Redeemable cumulative
preference shares 0.5 375,000 375,000
381,000 381,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was qualified on the following basis:

Basis for qualified opinion
Trade debtors includes an aged customer balance of £214,986 (net of VAT and net of provision) for which insufficient evidence was available of recoverability. Had this balance been provided for in full the net loss for the year would have been increased to £420,511 and shareholders funds would have been reduced to £726,127.

I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Mr Anthony James Brice FCCA (Senior Statutory Auditor)
for and on behalf of Annatrice Limited

12. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - 26,950

Roder UK Ltd (Registered number: 02087541)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. ULTIMATE CONTROLLING PARTY

The controlling party is Röder Zeltsysteme und Service GmbH.

The ultimate controlling party is RAG Stiftung (the RAG Foundation).

RAG Stiftung prepares consolidated group financial statements which are available upon request from registered office Ruttenscheider Strabe 1-3, 45128 Essen, Germany.