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REGISTERED NUMBER: SC549475 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rocca Ltd

Rocca Ltd (Registered number: SC549475)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Rocca Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs E H Allan





REGISTERED OFFICE: 29 Brandon Steet
Hamilton
South Lanarkshire
ML3 6DA





BUSINESS ADDRESS: 113 Cadzow Street
Hamilton
ML3 6HN





REGISTERED NUMBER: SC549475 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Rocca Ltd (Registered number: SC549475)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 75,000 100,185
Tangible assets 6 801,055 777,194
876,055 877,379

CURRENT ASSETS
Stocks 20,148 14,382
Debtors 7 3,632 1,059
Cash at bank and in hand 22,041 12,645
45,821 28,086
CREDITORS
Amounts falling due within one year 8 745,732 383,708
NET CURRENT LIABILITIES (699,911 ) (355,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,144

521,757

CREDITORS
Amounts falling due after more than one
year

9

(12,231

)

(436,438

)

PROVISIONS FOR LIABILITIES (20,625 ) (13,798 )
NET ASSETS 143,288 71,521

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 143,287 71,520
SHAREHOLDERS' FUNDS 143,288 71,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Rocca Ltd (Registered number: SC549475)

Balance Sheet - continued
31 March 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 director and authorised for issue on 7 March 2025 and were signed by:





Mrs E H Allan - Director


Rocca Ltd (Registered number: SC549475)

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

1. STATUTORY INFORMATION

Rocca Ltd is a private company, limited by shares , registered in Scotland. 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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements show a net current liability of £699,911 but have been prepared on a going concern basis as the director has undertaken to continue supporting the company through their director's loan account and through Grace Jack Ltd.

Turnover
Turnover is derived from the restaurant services supplied by the company.

Turnover is measured at the fair value of the restaurant services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Rocca Ltd (Registered number: SC549475)

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

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

Rocca Ltd (Registered number: SC549475)

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 250,000 8,541 258,541
AMORTISATION
At 1 April 2023 150,000 8,356 158,356
Charge for year 25,000 185 25,185
At 31 March 2024 175,000 8,541 183,541
NET BOOK VALUE
At 31 March 2024 75,000 - 75,000
At 31 March 2023 100,000 185 100,185

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 614,378 368,269 982,647
Additions - 97,612 97,612
At 31 March 2024 614,378 465,881 1,080,259
DEPRECIATION
At 1 April 2023 47,941 157,512 205,453
Charge for year 7,990 65,761 73,751
At 31 March 2024 55,931 223,273 279,204
NET BOOK VALUE
At 31 March 2024 558,447 242,608 801,055
At 31 March 2023 566,437 210,757 777,194

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,632 1,059

Rocca Ltd (Registered number: SC549475)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 48,009
Trade creditors 110,739 147,583
Taxation and social security 72,611 68,484
Other creditors 552,178 119,632
745,732 383,708

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,231 436,438

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,435 484,447

Allica Bank holds a fixed and floating charge on all and whole the subjects known as and forming the first floor premises at 1 Auchingramont Road, Hamilton, ML3 6JP being part of the property at 111 to 113 Cadzow Street and 1 Auchingramont Road and being the subjects registered in the Land Registers of Scotland.
There is a cross guarantee on the liabilities in relation to the property at 113 Cadzow Street, Hamilton, ML3 6JP with a related party. There is also a personal guarantee from the director.

The second bank loan is supported by a 100% guarantee from the UK Government.

11. RELATED PARTY DISCLOSURES

The company operates a loan account with the directors Mrs E H Allan.

During the year, the company repaid loans totalling £61,780 to the director. At the year end, the balance due to the director was £15,954 (2023 - £77,734).

This loan is unsecured, interest free and has no fixed repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Rocca Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Rocca Ltd for the year ended 31 March 2024 which comprise the Income Statement, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Rocca Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rocca Ltd and state those matters that we have agreed to state to the director of Rocca Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Rocca Ltd 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 Rocca Ltd. You consider that Rocca Ltd 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 Rocca Ltd. 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.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


10 March 2025