IRIS Accounts Production v24.3.2.46 02591137 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025911372023-07-31025911372024-07-31025911372023-08-012024-07-31025911372022-07-31025911372022-08-012023-07-31025911372023-07-3102591137ns15:EnglandWales2023-08-012024-07-3102591137ns14:PoundSterling2023-08-012024-07-3102591137ns10:Director12023-08-012024-07-3102591137ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102591137ns10:SmallEntities2023-08-012024-07-3102591137ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3102591137ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102591137ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102591137ns10:FullAccounts2023-08-012024-07-3102591137ns10:Director22023-08-012024-07-3102591137ns10:Director32023-08-012024-07-3102591137ns10:CompanySecretary12023-08-012024-07-3102591137ns10:RegisteredOffice2023-08-012024-07-3102591137ns5:CurrentFinancialInstruments2024-07-3102591137ns5:CurrentFinancialInstruments2023-07-3102591137ns5:Non-currentFinancialInstruments2024-07-3102591137ns5:Non-currentFinancialInstruments2023-07-3102591137ns5:ShareCapital2024-07-3102591137ns5:ShareCapital2023-07-3102591137ns5:SharePremium2024-07-3102591137ns5:SharePremium2023-07-3102591137ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3102591137ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3102591137ns5:RetainedEarningsAccumulatedLosses2024-07-3102591137ns5:RetainedEarningsAccumulatedLosses2023-07-3102591137ns5:CostValuation2023-07-3102591137ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3102591137ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3102591137ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-07-3102591137ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-07-3102591137ns5:Secured2024-07-3102591137ns5:Secured2023-07-31
















ROLLERS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2024






ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

ROLLERS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: P R Sharp
J Dickson
S C Lousada





SECRETARY: P R Sharp





REGISTERED OFFICE: Thrift Farm
Buckingham Road
Whaddon
Milton Keynes
Buckinghamshire
MK17 0EQ





REGISTERED NUMBER: 02591137 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 4,657,070 4,312,720
4,657,120 4,312,770

CURRENT ASSETS
Debtors 6 901,623 1,069,972
Cash at bank and in hand 401,483 173,112
1,303,106 1,243,084
CREDITORS
Amounts falling due within one year 7 317,202 357,416
NET CURRENT ASSETS 985,904 885,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,643,024

5,198,438

CREDITORS
Amounts falling due after more than one
year

8

(1,372,912

)

(1,413,000

)

PROVISIONS FOR LIABILITIES (60,357 ) -
NET ASSETS 4,209,755 3,785,438

CAPITAL AND RESERVES
Called up share capital 197,500 197,500
Share premium 770,679 770,679
Non distributable reserve 10 283,993 -
Retained earnings 2,957,583 2,817,259
SHAREHOLDERS' FUNDS 4,209,755 3,785,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

BALANCE SHEET - continued
31ST JULY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th March 2025 and were signed on its behalf by:





P R Sharp - Director


ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Rollers (UK) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
For the year under review, turnover represents rents and other recharges received stated net of value added tax. Turnover is recognised on completion of contractual service to the tenant.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. A formal valuation took place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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 balance sheet date.


ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

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.

Investments in joint ventures
Investments in joint venture entities are recorded at historic cost less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1st August 2023
and 31st July 2024 50
NET BOOK VALUE
At 31st July 2024 50
At 31st July 2023 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 4,312,720
Revaluations 344,350
At 31st July 2024 4,657,070
NET BOOK VALUE
At 31st July 2024 4,657,070
At 31st July 2023 4,312,720

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2024 344,350
Cost 4,312,720
4,657,070

ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 17,021 78,589
Amounts owed by joint ventures 134,117 134,617
Amounts owed by related companies 150,485 251,759
Prepayments and accrued income - 5,007
301,623 469,972

Amounts falling due after more than one year:
Amounts owed by related companies 600,000 600,000

Aggregate amounts 901,623 1,069,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,026 117,400
Trade creditors 2,877 2,460
Amounts owed to participating interests 15,488 15,488
Amounts owed to related companies 13,458 13,458
Corporation tax 44,616 39,725
VAT 76,990 91,889
Accruals and deferred income 61,747 76,996
317,202 357,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,372,912 1,413,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,474,938 1,530,400

Bank borrowings are secured by first legal charges over the company's freehold investment properties.

ROLLERS (UK) LIMITED (REGISTERED NUMBER: 02591137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

10. RESERVES
Non
distributable
reserve
£   
Transfer from revaluation 283,993

At 31st July 2024 283,993

11. RELATED PARTY DISCLOSURES

At the balance sheet date there were the following interest free loans owed to the company by other companies with common directors:

2024 2023
£ £

Farm Day Nurseries Ltd 750,485 851,759



12. ULTIMATE CONTROLLING PARTY

There is no sole ultimate controlling party of the company.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROLLERS (UK) 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 Statement of Comprehensive Income 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 Rollers (UK) Limited for the year ended 31st July 2024 which comprise the Statement of Comprehensive Income, 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 Rollers (UK) 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 Rollers (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Rollers (UK) 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 Rollers (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rollers (UK) 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 Rollers (UK) Limited. You consider that Rollers (UK) 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 Rollers (UK) 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


5th March 2025