IRIS Accounts Production v24.3.2.46 02054871 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020548712023-03-31020548712024-03-31020548712023-04-012024-03-31020548712022-03-31020548712022-04-012023-03-31020548712023-03-3102054871ns15:EnglandWales2023-04-012024-03-3102054871ns14:PoundSterling2023-04-012024-03-3102054871ns10:Director12023-04-012024-03-3102054871ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102054871ns10:SmallEntities2023-04-012024-03-3102054871ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102054871ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102054871ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102054871ns10:AbridgedAccounts2023-04-012024-03-3102054871ns10:OrdinaryShareClass12023-04-012024-03-3102054871ns10:CompanySecretary12023-04-012024-03-3102054871ns10:RegisteredOffice2023-04-012024-03-3102054871ns5:CurrentFinancialInstruments2024-03-3102054871ns5:CurrentFinancialInstruments2023-03-3102054871ns5:ShareCapital2024-03-3102054871ns5:ShareCapital2023-03-3102054871ns5:RetainedEarningsAccumulatedLosses2024-03-3102054871ns5:RetainedEarningsAccumulatedLosses2023-03-3102054871ns5:PlantMachinery2023-04-012024-03-3102054871ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 02054871 (England and Wales)















RODCLIFFE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


RODCLIFFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Moore





SECRETARY: M Moore





REGISTERED OFFICE: 35 Finchley Lane
Hendon
London
NW4 1BX





REGISTERED NUMBER: 02054871 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 5
Investments 5 187,067 283,628
187,070 283,633

CURRENT ASSETS
Stocks 176,124 176,124
Debtors 1,020,620 1,001,404
Cash at bank 64,696 989
1,261,440 1,178,517
CREDITORS
Amounts falling due within one year 1,161,660 1,173,755
NET CURRENT ASSETS 99,780 4,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,850

288,395

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 286,750 288,295
SHAREHOLDERS' FUNDS 286,850 288,395

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 his 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.

RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2025 and were signed by:





A Moore - Director


RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rodcliffe 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.

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.
Plant and machinery etc - 25% on cost

Joint venture stock
Joint Venture stock has been valued at the lower of stock and net realizable value.

Investments are currently held through joint ventures, managed by other parties. In the opinion of the directors the fair value of these investments held in joint ventures are not materially in excess of the cost stated. No depreciation is provided in respect of the investment . This is a departure from Companies Act 2006 which requires that all properties should be depreciated.

RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments 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 non-puttable 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 profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 600
DEPRECIATION
At 1 April 2023 595
Charge for year 2
At 31 March 2024 597
NET BOOK VALUE
At 31 March 2024 3
At 31 March 2023 5

RODCLIFFE LIMITED (REGISTERED NUMBER: 02054871)

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


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment in Joint Ventures 187,067 283,628

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

At the Balance sheet date, there was an interest free loan of £350,000 (2023 £350,000) given to the company by Roverbourne Limited, a company with common directors and in which the director has an interest. This loan is payable on demand.

An interest free loan of £90,270 (2023 £84,587) was made to Dorset Property Developments Ltd a company with common directors.

An interest free loan of £836,083 ( 2023 £822,550) was made to 3Newlyn Ltd a company with common directors.