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Registration number: 10832674

Roxford Capital Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Roxford Capital Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Roxford Capital Ltd

(Registration number: 10832674)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

5

49,000

49,000

Current assets

 

Debtors

6

136,550

143,530

Cash at bank and in hand

 

-

4

 

136,550

143,534

Creditors: Amounts falling due within one year

7

(130,945)

(115,862)

Net current assets

 

5,605

27,672

Total assets less current liabilities

 

54,605

76,672

Creditors: Amounts falling due after more than one year

7

(6,975)

(12,556)

Net assets

 

47,630

64,116

Capital and reserves

 

Called up share capital

100

100

Retained earnings

47,530

64,016

Shareholders' funds

 

47,630

64,116

 

Roxford Capital Ltd

(Registration number: 10832674)
Balance Sheet as at 30 June 2024

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.

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

.........................................
Mr R T Dunbabin
Director

 

Roxford Capital 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 and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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:

Investments

Investments in subsidiaries are measured at cost less accumulated impariment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in profit or loss for the period.

 

Roxford Capital Ltd

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

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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

Classification
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

 Recognition and measurement
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rare of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Roxford Capital Ltd

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

2,306

2,306

At 30 June 2024

2,306

2,306

Depreciation

At 1 July 2023

2,306

2,306

At 30 June 2024

2,306

2,306

Carrying amount

At 30 June 2024

-

-

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

49,000

49,000

At 30 June 2024

49,000

49,000

Impairment

Carrying amount

At 30 June 2024

49,000

49,000

6

Debtors

Current

2024
£

2023
£

Other debtors

136,550

143,530

 

136,550

143,530

 

Roxford Capital Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

119,247

108,528

Trade creditors

 

3,114

3,114

Taxation and social security

 

1,408

1,370

Other creditors

 

7,176

2,850

 

130,945

115,862

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

6,975

12,556

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,581

5,195

Other borrowings

113,666

103,333

119,247

108,528

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,975

12,556

 

Roxford Capital Ltd

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

9

Related party transactions

Other transactions with the director

Inlcuded within debtors is a loan to RAR Holdings Limited for £37,550 (2023: £36,092). RAR Holdings Limited is a company which Roxford Capital Limited has invested in. This loan has an interest rate of 4% per annum on a compound basis. This loan is repayable on demand.

A further loan to RAR Holdings Limited is included with debtors amounting to £1,000 (2023: £1,000).
This loan is interest free and is repayable on demand.

Also included within debtors is a loan to Chester Rose Limited for £98,000 (2023: £102,300). Chester Rose is a company in which Mr R Dunbabin has a controlling interest in. The loan is interest free and is repayable on demand.

During the year R Dunbabin, the director, had a loan with the company. At the balance sheet date the amount owed to R Dunbabin was £5,376, (2023: R Dunbabin owed the company £4,137).