Company Registration No. 02712715 (England and Wales)
ROCHFIELD INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 May 2024
ROCHFIELD INVESTMENTS LIMITED
Unaudited accounts
Contents
ROCHFIELD INVESTMENTS LIMITED
Company Information
for the year ended 31 May 2024
Company Number
02712715 (England and Wales)
Registered Office
3RD FLOOR
VYMAN HOUSE
HARROW
MIDDLESEX
HA1 1BQ
United Kingdom
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
ROCHFIELD INVESTMENTS LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
774,795
774,795
Cash at bank and in hand
5,344
1,443
Creditors: amounts falling due within one year
(199,194)
(232,196)
Net current assets
204,617
201,084
Total assets less current liabilities
979,412
975,879
Creditors: amounts falling due after more than one year
(354,715)
(377,320)
Net assets
624,697
598,559
Called up share capital
100
100
Revaluation reserve
183,674
183,674
Profit and loss account
440,923
414,785
Shareholders' funds
624,697
598,559
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2025 and were signed on its behalf by
Dilip Patel
Director
Company Registration No. 02712715
ROCHFIELD INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
ROCHFIELD INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02712715. The registered office is 3RD FLOOR, VYMAN HOUSE, HARROW, MIDDLESEX, HA1 1BQ, United Kingdom.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Depreciation has not been provided on the freehold property and improvements as the director considers the market value to be in excess of that shown on the balance sheet.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
ROCHFIELD INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Other debtors
398,467
431,837
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,045
67,485
Taxes and social security
63,442
56,699
Other creditors
114,512
106,862
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
354,715
377,320
8
Transactions with related parties
The company was in the control of Mr D Patel throughout the year.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).