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REGISTERED NUMBER: 02588778 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Rockfield Properties Limited

Rockfield Properties Limited (Registered number: 02588778)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rockfield Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs A M Parry
J P Parry
Mrs N S Parry





SECRETARY: Mrs A M Parry





REGISTERED OFFICE: St Martins
Cuckoo Lane
Woolton
Liverpool
Merseyside
L25 3PL





REGISTERED NUMBER: 02588778 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

Rockfield Properties Limited (Registered number: 02588778)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,526 1,649
Investment property 5 7,889,568 7,889,568
7,891,094 7,891,217

CURRENT ASSETS
Debtors 6 7,938 6,038
Cash at bank and in hand 17,747 4,830
25,685 10,868
CREDITORS
Amounts falling due within one year 7 603,546 448,896
NET CURRENT LIABILITIES (577,861 ) (438,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,313,233

7,453,189

CREDITORS
Amounts falling due after more than one
year

8

(3,018,270

)

(3,162,265

)

PROVISIONS FOR LIABILITIES (539,547 ) (539,547 )
NET ASSETS 3,755,416 3,751,377

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 2,980,593 2,980,593
Retained earnings 774,723 770,684
SHAREHOLDERS' FUNDS 3,755,416 3,751,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Rockfield Properties Limited (Registered number: 02588778)

Balance Sheet - continued
31 July 2024


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 10 April 2025 and were signed on its behalf by:





Mrs A M Parry - Director


Rockfield Properties Limited (Registered number: 02588778)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Rockfield Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 02588778 and the registered office is Rockfield, Cuckoo Lane, Liverpool L25 3PL.

The presentation and functional 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.

The directors consider that the going concern assumption is appropriate despite the net current liability position as they believe they will be able to meet company obligations as they become due.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the rental income from investment properties and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is recognised as the rent becomes due.

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 - 15% on cost

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Rockfield Properties Limited (Registered number: 02588778)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 17,748
Additions 384
At 31 July 2024 18,132
DEPRECIATION
At 1 August 2023 16,099
Charge for year 507
At 31 July 2024 16,606
NET BOOK VALUE
At 31 July 2024 1,526
At 31 July 2023 1,649

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 7,889,568
NET BOOK VALUE
At 31 July 2024 7,889,568
At 31 July 2023 7,889,568

Investment properties are recorded at fair value and have been valued annually by the directors.

Rockfield Properties Limited (Registered number: 02588778)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2009 3,703,267
Valuation in 2010 960,178
Valuation in 2012 343,489
Valuation in 2019 (163,528 )
Valuation in 2021 (1,463,265 )
Valuation in 2023 140,000
Cost 4,369,427
7,889,568

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 7,938 6,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 312,794 252,589
Trade creditors 8,898 5,806
Taxation and social security 192,890 144,373
Other creditors 88,964 46,128
603,546 448,896

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 3,018,270 3,162,265

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 3,331,064 3,414,854