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REGISTERED NUMBER: 03770491 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Roxell Limited

Roxell Limited (Registered number: 03770491)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Roxell Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: E J Twomey
Mrs M Twomey





SECRETARY: Mrs M Twomey





REGISTERED OFFICE: 18 Birch Tree Court
Liverpool
L12 7LW





REGISTERED NUMBER: 03770491 (England and Wales)





ACCOUNTANTS: Gihi Associates Limited
Chartered Certified Accountants
90 St Margarets Avenue
Sutton
Surrey
SM3 9TT

Roxell Limited (Registered number: 03770491)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,080 9,507
Investments 5 517,825 422,121
Investment property 6 1,404,000 1,445,000
1,929,905 1,876,628

CURRENT ASSETS
Debtors 7 - 59,142
Cash at bank 96,910 141,126
96,910 200,268
CREDITORS
Amounts falling due within one year 8 69,296 104,111
NET CURRENT ASSETS 27,614 96,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957,519

1,972,785

PROVISIONS FOR LIABILITIES 155,280 145,704
NET ASSETS 1,802,239 1,827,081

CAPITAL AND RESERVES
Called up share capital 202 202
Non-distributable reserve 9 655,437 613,459
Retained earnings 9 1,146,600 1,213,420
SHAREHOLDERS' FUNDS 1,802,239 1,827,081

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.

Roxell Limited (Registered number: 03770491)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





E J Twomey - Director


Roxell Limited (Registered number: 03770491)

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

1. STATUTORY INFORMATION

Roxell 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Roxell Limited (Registered number: 03770491)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 42,403 8,640 51,043
DEPRECIATION
At 1 June 2023 38,053 3,483 41,536
Charge for year 653 774 1,427
At 31 May 2024 38,706 4,257 42,963
NET BOOK VALUE
At 31 May 2024 3,697 4,383 8,080
At 31 May 2023 4,350 5,157 9,507

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 422,121
Revaluations 95,704
At 31 May 2024 517,825
NET BOOK VALUE
At 31 May 2024 517,825
At 31 May 2023 422,121

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2024 95,704
Valuation in 2023 (2,879 )
Cost 425,000
517,825

Roxell Limited (Registered number: 03770491)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,445,000
Revaluations (41,000 )
At 31 May 2024 1,404,000
NET BOOK VALUE
At 31 May 2024 1,404,000
At 31 May 2023 1,445,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 (41,000 )
Valuation in 2023 157,450
Valuation in 2022 61,300
Valuation in 2021 91,250
Valuation in 2010 176,090
Valuation in 2014 43,279
Valuation in 2013 (7,496 )
Valuation in 2012 235,484
Cost 687,643
1,404,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 59,142

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 13,870 18,682
Other creditors 55,426 85,429
69,296 104,111

9. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 June 2023 1,213,420 613,459 1,826,879
Profit for the year 73,158 73,158
Dividends (98,000 ) (98,000 )
Reclassification/transfer (41,978 ) 41,978 -
At 31 May 2024 1,146,600 655,437 1,802,037

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Roxell 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 Statement of Financial Position. 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 Roxell Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Roxell 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 Roxell Limited and state those matters that we have agreed to state to the Board of Directors of Roxell Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roxell 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 profit of Roxell Limited. You consider that Roxell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roxell 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.






Gihi Associates Limited
Chartered Certified Accountants
90 St Margarets Avenue
Sutton
Surrey
SM3 9TT


26 February 2025