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Registered number: 10229875
Root Corporate Limited
Financial Statements
For The Year Ended 30 June 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10229875
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 257,960 1,210,218
Cash at bank and in hand 4,627 79,020
262,587 1,289,238
Creditors: Amounts Falling Due Within One Year 5 (259,625 ) (1,276,726 )
NET CURRENT ASSETS (LIABILITIES) 2,962 12,512
TOTAL ASSETS LESS CURRENT LIABILITIES 2,962 12,512
NET ASSETS 2,962 12,512
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 2,960 12,510
SHAREHOLDERS' FUNDS 2,962 12,512
For the year ending 30 June 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.
On behalf of the board
Mr David Cushion
Director
12/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Root Corporate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10229875 . The registered office is 1st Floor, 104 Oxford Street, Fitzrovia, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
2.3. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 105,591 389,169
Prepayments and accrued income 114,999 669,686
Other debtors 5,391 -
VAT 31,979 151,363
257,960 1,210,218
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130,326 603,593
Corporation tax 1,513 3,749
Accruals and deferred income 127,688 669,286
Directors' loan accounts 98 98
259,625 1,276,726
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3