0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 541,807 99,951 49,096 149,047 392,760 441,856 9,413,226 2,993,474 12,406,700 12,406,700 9,413,226 xbrli:pure xbrli:shares iso4217:GBP 03141096 2023-08-01 2024-07-31 03141096 2024-07-31 03141096 2023-07-31 03141096 2022-08-01 2023-07-31 03141096 2023-07-31 03141096 2022-07-31 03141096 core:PlantMachinery 2023-08-01 2024-07-31 03141096 bus:Director3 2023-08-01 2024-07-31 03141096 core:PlantMachinery 2023-07-31 03141096 core:PlantMachinery 2024-07-31 03141096 core:WithinOneYear 2024-07-31 03141096 core:WithinOneYear 2023-07-31 03141096 core:ShareCapital 2024-07-31 03141096 core:ShareCapital 2023-07-31 03141096 core:RetainedEarningsAccumulatedLosses 2024-07-31 03141096 core:RetainedEarningsAccumulatedLosses 2023-07-31 03141096 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 03141096 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 03141096 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 03141096 core:Non-currentFinancialInstruments 2024-07-31 03141096 core:Non-currentFinancialInstruments 2023-07-31 03141096 core:PlantMachinery 2023-07-31 03141096 bus:SmallEntities 2023-08-01 2024-07-31 03141096 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03141096 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03141096 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03141096 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 03141096
Roger Street Investments Ltd
Filleted Unaudited Financial Statements
31 July 2024
Roger Street Investments Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
392,760
441,856
Investments
5
12,406,700
9,413,226
------------
-----------
12,799,460
9,855,082
Current assets
Debtors
6
168,932
144,748
Cash at bank and in hand
382,869
319,805
---------
---------
551,801
464,553
Creditors: amounts falling due within one year
7
460,885
1,888,322
---------
-----------
Net current assets/(liabilities)
90,916
( 1,423,769)
------------
-----------
Total assets less current liabilities
12,890,376
8,431,313
Provisions
Taxation including deferred tax
98,459
92,814
------------
-----------
Net assets
12,791,917
8,338,499
------------
-----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
12,791,916
8,338,498
------------
-----------
Shareholders funds
12,791,917
8,338,499
------------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Roger Street Investments Ltd
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 12 December 2024 , and are signed on behalf of the board by:
Mr N J Cable
Director
Company registration number: 03141096
Roger Street Investments Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Moorings, Dane Road Industrial Estate, Sale, Cheshire, M33 7BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
10% straight line
Investment properties
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 August 2023 and 31 July 2024
541,807
541,807
---------
---------
Depreciation
At 1 August 2023
99,951
99,951
Charge for the year
49,096
49,096
---------
---------
At 31 July 2024
149,047
149,047
---------
---------
Carrying amount
At 31 July 2024
392,760
392,760
---------
---------
At 31 July 2023
441,856
441,856
---------
---------
5. Investments
Other investments other than loans
£
Cost
At 1 August 2023
9,413,226
Additions
2,993,474
------------
At 31 July 2024
12,406,700
------------
Impairment
At 1 August 2023 and 31 July 2024
------------
Carrying amount
At 31 July 2024
12,406,700
------------
At 31 July 2023
9,413,226
------------
6. Debtors
2024
2023
£
£
Trade debtors
145,588
93,850
Other debtors
23,344
50,898
---------
---------
168,932
144,748
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
190,082
67,972
Social security and other taxes
46,516
30,845
Other creditors
224,287
1,789,505
---------
-----------
460,885
1,888,322
---------
-----------
8. Related party transactions
The company received an additional £2.4M funding during the current financial year from Manchester Urban Finance Corporation Limited, a company related by common control. These funds were required as the company considered further acquisitions. The additional funding was unsecured, interest-free, and repayable on demand. During the latter part of the financial year, after due consideration, it was agreed by all parties concerned, that the loan was to be written-off in full.