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REGISTERED NUMBER: 05525121 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2023 to 30 June 2024

for

ROCL Housing Limited

ROCL Housing Limited (Registered number: 05525121)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ROCL Housing Limited

Company Information
for the Period 1 September 2023 to 30 June 2024







DIRECTORS: P H Stokes
C A O'Donnell





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 05525121 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

ROCL Housing Limited (Registered number: 05525121)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 82,960 -
Investment property 6 7,010,524 2,202,031
7,093,484 2,202,031

CURRENT ASSETS
Debtors 7 34,020 223,152
Cash at bank 901,775 575,486
935,795 798,638
CREDITORS
Amounts falling due within one year 8 (71,683 ) (3,820 )
NET CURRENT ASSETS 864,112 794,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,957,596

2,996,849

CREDITORS
Amounts falling due after more than one
year

9

(8,315,570

)

(3,092,520

)
NET LIABILITIES (357,974 ) (95,671 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (357,976 ) (95,673 )
SHAREHOLDERS' FUNDS (357,974 ) (95,671 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

ROCL Housing Limited (Registered number: 05525121)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





C A O'Donnell - Director


ROCL Housing Limited (Registered number: 05525121)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 June 2024

1. STATUTORY INFORMATION

ROCL Housing 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at cost, which the directors consider to be the current market value for the properties based on local market selling prices.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's director and shareholder.

The directors continue to provide ongoing financial support to the business as and when required and has no reason to believe that the company will not have adequate resources to continue its current operations and that it remains appropriate to prepare the company's financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

ROCL Housing Limited (Registered number: 05525121)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 June 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 84,951
At 30 June 2024 84,951
DEPRECIATION
Charge for period 1,991
At 30 June 2024 1,991
NET BOOK VALUE
At 30 June 2024 82,960

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,202,031
Additions 4,808,493
At 30 June 2024 7,010,524
NET BOOK VALUE
At 30 June 2024 7,010,524
At 31 August 2023 2,202,031

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,445 -
Other debtors 6,919 2
8,364 2

Amounts falling due after more than one year:
Other debtors 25,656 223,150

Aggregate amounts 34,020 223,152

ROCL Housing Limited (Registered number: 05525121)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,880 -
Amounts owed to associates 620 620
Taxation and social security 5,505 -
Other creditors 57,678 3,200
71,683 3,820

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to associates 8,315,570 3,092,520

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2

11. RELATED PARTY DISCLOSURES

SWIP Ltd

A company in which Mr P H Stokes & Mr C A O'Donnell are shareholders.


The related party transactions with SWIP Ltd consists of two loan agreements, which are as follows:
- Loan Agreement Number 1 is a sum of £450,000 which commenced on the 1st April 2022 and is fully repayable on the 31st March 2027. The rate of interest associated with the loan is set at 3% per annum at a flat rate and commenced on the 1st April 2022.
- Loan Agreement Number 2 is a sum of £2,561,000 which commenced on the 1st October 2022 and is fully repayable on the 30th September 2027. This agreement is not limited to £2,561,000 and further sums can be advanced to ROCL Housing Limited from SWIP Ltd. The rate of interest associated with the loan is set at 6% per annum at a flat rate and commenced on the 1st October 2022. During the period to 30 June 2024, further sums totalling £5,000,000 were loaned to ROCL Hosing Limited.

The amount outstanding at 30 June 2024 was £8,315,570 (2023: £3,011,000).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ROCL Housing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ROCL Housing Limited for the period ended 30 June 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ROCL Housing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ROCL Housing Limited and state those matters that we have agreed to state to the Board of Directors of ROCL Housing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ROCL Housing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ROCL Housing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ROCL Housing Limited. You consider that ROCL Housing Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of ROCL Housing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


13 February 2025