Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalseNo description of principal activity2024-01-0144trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10520094 2024-01-01 2024-12-31 10520094 2023-01-01 2023-12-31 10520094 2024-12-31 10520094 2023-12-31 10520094 c:Director4 2024-01-01 2024-12-31 10520094 d:Buildings 2024-01-01 2024-12-31 10520094 d:Buildings 2024-12-31 10520094 d:Buildings 2023-12-31 10520094 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10520094 d:LandBuildings 2024-12-31 10520094 d:LandBuildings 2023-12-31 10520094 d:FurnitureFittings 2024-01-01 2024-12-31 10520094 d:FurnitureFittings 2024-12-31 10520094 d:FurnitureFittings 2023-12-31 10520094 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10520094 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 10520094 d:OtherPropertyPlantEquipment 2024-12-31 10520094 d:OtherPropertyPlantEquipment 2023-12-31 10520094 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10520094 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10520094 d:CurrentFinancialInstruments 2024-12-31 10520094 d:CurrentFinancialInstruments 2023-12-31 10520094 d:Non-currentFinancialInstruments 2024-12-31 10520094 d:Non-currentFinancialInstruments 2023-12-31 10520094 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10520094 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10520094 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10520094 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10520094 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 10520094 d:ShareCapital 2024-12-31 10520094 d:ShareCapital 2023-12-31 10520094 d:RevaluationReserve 2024-12-31 10520094 d:RevaluationReserve 2023-12-31 10520094 d:RetainedEarningsAccumulatedLosses 2024-12-31 10520094 d:RetainedEarningsAccumulatedLosses 2023-12-31 10520094 c:FRS102 2024-01-01 2024-12-31 10520094 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10520094 c:FullAccounts 2024-01-01 2024-12-31 10520094 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10520094 d:OtherDeferredTax 2024-12-31 10520094 d:OtherDeferredTax 2023-12-31 10520094 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 10520094






ROCK HOUSE ASSOCIATES LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
ROCK HOUSE ASSOCIATES LIMITED
REGISTERED NUMBER: 10520094

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,145,503
2,146,227

  
2,145,503
2,146,227

Current assets
  

Debtors: amounts falling due within one year
 5 
31,399
23,563

Cash at bank and in hand
  
563
1,013

  
31,962
24,576

Creditors: amounts falling due within one year
 6 
(215,091)
(249,559)

Net current liabilities
  
 
 
(183,129)
 
 
(224,983)

Total assets less current liabilities
  
1,962,374
1,921,244

Creditors: amounts falling due after more than one year
 7 
(1,650,000)
(1,650,000)

Provisions for liabilities
  

Deferred tax
 9 
(60,150)
(60,150)

  
 
 
(60,150)
 
 
(60,150)

Net assets
  
252,224
211,094


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Non distributable reserve
  
256,429
256,429

Profit and loss account
  
(5,205)
(46,335)

  
252,224
211,094


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.




 
Page 1

 
ROCK HOUSE ASSOCIATES LIMITED
REGISTERED NUMBER: 10520094
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




SLF Johnston
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Rock House Associates Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.7

Investment properties

Investment property is carried at fair value determined annually by the directors, taking into account the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Investment property
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2024
2,137,939
160,420
1,384
2,299,743


Additions
-
2,575
-
2,575



At 31 December 2024

2,137,939
162,995
1,384
2,302,318



Depreciation


At 1 January 2024
-
153,055
461
153,516


Charge for the year on owned assets
-
2,838
461
3,299



At 31 December 2024

-
155,893
922
156,815



Net book value



At 31 December 2024
2,137,939
7,102
462
2,145,503



At 31 December 2023
2,137,939
7,365
923
2,146,227

The fair value of the investment property was determined by the director on the basis of recent transactions of similar properties in the local area.




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
2,137,939
2,137,939

2,137,939
2,137,939


Page 6

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
21,841
10,593

Amounts owed by connected companies
-
3,412

Other debtors
9,558
9,558

31,399
23,563



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,931
2,664

Amounts owed to group undertakings
198,044
211,904

Amounts owed to connected companies
588
21,970

Corporation tax
-
446

Other taxation and social security
6,441
8,943

Other creditors
1,587
1,632

Accruals and deferred income
2,500
2,000

215,091
249,559



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
420,000
900,000

Other creditors
1,230,000
750,000

1,650,000
1,650,000


Page 7

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


2024
£



Amounts falling due 2-5 years

Bank loans
420,000


420,000


420,000



9.


Deferred taxation




2024


£






At beginning of year
(60,150)



At end of year
(60,150)

2024
2023
£
£


Fair value adjustment
(60,150)
(60,150)

(60,150)
(60,150)


10.


Related party transactions

As at 31 December 2024 £1,230,000 (2023: £750,000) was owed to IA Godden and D Godden, who are both company directors, in respect of an interest free loan to facilitate the purchase of a property.
In the 2017 the parent company Godden Associates Limited gave an interest free loan of £197,910 to the company to enable the purchase of a property. As at 31 December 2024 £199,306 (2023: £211,904) was still owed to the parent company.
As at 31 December 2024 the company owed £588 (2023: £3,412 owed to the company) to Seonaid Johnston Interiors Limited, a company in which N Johnston and S Johnston are both company directors.
As at 31 December 2024 the company was owed £nil (2023: £21,970) to Amore property Management  Limited, a company in which N Johnston and S Johnston are both company directors.
 

Page 8

 
ROCK HOUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Controlling party

The company's ultimate controlling company is Godden Associates Limited (company number 02732083) which is incorporated in the United Kingdom.
The company and the Group qualify as small as set out in section 383 of the Companies Act 2006 and are considered eligible for the exemption to prepare consolidated accounts.

 
Page 9