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Registration number: 06851504

Rockscape Energy Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Rockscape Energy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Rockscape Energy Ltd

Company Information

Directors

Mr T R Bletcher

Mrs R H Bletcher

Mr R Hewson

Registered office

North Moor Farm
Crowle
North Lincolnshire
DN17 4DA

Accountants

Wright Vigar Ltd Office 1 Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

 

Rockscape Energy Ltd

(Registration number: 06851504)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

9,908,777

10,301,158

Current assets

 

Stocks

6

1,502,700

1,654,812

Debtors

7

2,208,468

2,329,530

Cash at bank and in hand

 

587,359

571,490

 

4,298,527

4,555,832

Creditors: Amounts falling due within one year

8

(2,626,197)

(2,407,001)

Net current assets

 

1,672,330

2,148,831

Total assets less current liabilities

 

11,581,107

12,449,989

Creditors: Amounts falling due after more than one year

8

(8,127,560)

(9,041,667)

Provisions for liabilities

(1,486,021)

(1,458,869)

Net assets

 

1,967,526

1,949,453

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

1,967,524

1,949,451

Shareholders' funds

 

1,967,526

1,949,453

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 March 2025 and signed on its behalf by:
 

.........................................
Mr T R Bletcher
Director

 

Rockscape Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
North Moor Farm
Crowle
North Lincolnshire
DN17 4DA
England

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Rockscape Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

4% on cost and 33% on cost

Other tangible assets

4% on cost, 20% on cost and 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 

 

Rockscape Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

613,578

588,372

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

-

308,021

14,320,791

14,628,812

Additions

94,272

2,731

150,516

247,519

Disposals

-

-

(38,914)

(38,914)

At 30 June 2024

94,272

310,752

14,432,393

14,837,417

Depreciation

At 1 July 2023

-

151,697

4,175,958

4,327,655

Charge for the year

-

13,166

600,412

613,578

Eliminated on disposal

-

-

(12,593)

(12,593)

At 30 June 2024

-

164,863

4,763,777

4,928,640

Carrying amount

At 30 June 2024

94,272

145,889

9,668,616

9,908,777

At 30 June 2023

-

156,324

10,144,834

10,301,158

Included within the net book value of land and buildings above is £94,272 (2023 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Raw materials and consumables

1,502,700

1,654,812

 

Rockscape Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

68,596

30,032

Amounts owed by related parties

215

-

Prepayments

 

1,980,474

2,041,594

Other debtors

 

159,183

257,904

   

2,208,468

2,329,530

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

729,728

819,667

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,800,000

-

Taxation and social security

 

8,386

9,335

Accruals and deferred income

 

86,445

76,361

Other creditors

 

1,638

1,501,638

 

2,626,197

2,407,001

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

-

9,041,667

Amounts owed to group undertakings

 

8,127,560

-

 

8,127,560

9,041,667

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       
 

Rockscape Energy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

-

9,041,667