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REGISTERED NUMBER: 12403472 (England and Wales)




















Financial Statements

for the Year Ended 31 January 2025

for

RODINE PROPERTIES LTD

RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RODINE PROPERTIES LTD

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Y T Lim
Ms G L T Chan





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12403472 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,738
Tangible assets 5 - -
Investment property 6 259,510 259,510
259,510 264,248

CURRENT ASSETS
Debtors 7 170,205 171,730
Cash at bank 3,563 11,930
173,768 183,660
CREDITORS
Amounts falling due within one year 8 (334,672 ) (334,147 )
NET CURRENT LIABILITIES (160,904 ) (150,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,606

113,761

CREDITORS
Amounts falling due after more than one
year

9

(177,478

)

(175,845

)
NET LIABILITIES (78,872 ) (62,084 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (78,972 ) (62,184 )
SHAREHOLDERS' FUNDS (78,872 ) (62,084 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)

Balance Sheet - continued
31 January 2025


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 17 March 2025 and were signed on its behalf by:




Y T Lim - Director



Ms G L T Chan - Director


RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Rodine Properties Ltd 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.

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.

Business Know How 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.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024
and 31 January 2025 23,694
AMORTISATION
At 1 February 2024 18,956
Charge for year 4,738
At 31 January 2025 23,694
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 4,738

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 9,540 1,064 10,604
DEPRECIATION
At 1 February 2024
and 31 January 2025 9,540 1,064 10,604
NET BOOK VALUE
At 31 January 2025 - - -
At 31 January 2024 - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 259,510
NET BOOK VALUE
At 31 January 2025 259,510
At 31 January 2024 259,510

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2021 (23,173 )
Cost 282,683
259,510

RODINE PROPERTIES LTD (REGISTERED NUMBER: 12403472)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 170,205 171,730

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors - 1,926
Other creditors 334,672 332,221
334,672 334,147

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 177,478 175,845

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Mortgage 177,478 175,845

The mortgage provided by Hampshire Trust Bank PLC is secured against the freehold interest in the land and property known as 171 Leek Road and 73 Newlands Street and 6 Granby Street by way of a fixed and floating charge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary 1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.