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REGISTERED NUMBER: 06149754 (England and Wales)















ROCKWORTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






ROCKWORTH LIMITED (REGISTERED NUMBER: 06149754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ROCKWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J Dignam





REGISTERED OFFICE: Champneys
Epperstone Manor
Main Street
Epperstone, Nottingham
Nottinghamshire
NG14 6BJ





REGISTERED NUMBER: 06149754 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

ROCKWORTH LIMITED (REGISTERED NUMBER: 06149754)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 642,300 642,300
642,300 642,300

CURRENT ASSETS
Debtors 6 554 463
Cash at bank 3,356 51,786
3,910 52,249
CREDITORS
Amounts falling due within one year 7 411,775 282,550
NET CURRENT LIABILITIES (407,865 ) (230,301 )
TOTAL ASSETS LESS CURRENT LIABILITIES 234,435 411,999

CREDITORS
Amounts falling due after more than one year 8 - (185,555 )

PROVISIONS FOR LIABILITIES (16,330 ) (16,330 )
NET ASSETS 218,105 210,114

CAPITAL AND RESERVES
Called up share capital 9 120 120
Revaluation reserve 10 145,563 145,563
Retained earnings 72,422 64,431
SHAREHOLDERS' FUNDS 218,105 210,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 director and authorised for issue on 24 March 2025 and were signed by:



J Dignam - Director


ROCKWORTH LIMITED (REGISTERED NUMBER: 06149754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Rockworth 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern

The company is currently in a net current liabilities position and it's ability to continue as a going concern is reliant on the continued support of the director.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment properties are measured ar fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

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

ROCKWORTH LIMITED (REGISTERED NUMBER: 06149754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 14,153
DEPRECIATION
At 1 July 2023
and 30 June 2024 14,153
NET BOOK VALUE
At 30 June 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 642,300
NET BOOK VALUE
At 30 June 2024 642,300
At 30 June 2023 642,300

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2008 33,443
Valuation in 2021 128,450
Cost 480,407
642,300

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 480,407 480,407

Investment properties were valued by the director on 30 June 2024, with reference to comparable properties in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 554 463

ROCKWORTH LIMITED (REGISTERED NUMBER: 06149754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 2,109 4,006
Other taxes and social security 3,279 -
Other creditors 3,853 12,486
Directors' current accounts 399,206 263,050
Accrued expenses 3,328 3,008
411,775 282,550

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yrs non instalments - 185,555

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non instalments - 185,555

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A 1 40 40
80 Ordinary B 1 80 80
120 120

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 145,563

The aggregate surplus on re-measurement of the investment properties net of associated deferred tax, is transferred to a separate non-distributable reserve in order to assist with the identification of profits available for distribution.