Company No:
Contents
DIRECTORS | S L Dean |
P D Dean | |
S J Rutt | |
A F Screech |
REGISTERED OFFICE | Beeches Farm |
Icknield Way | |
Tring | |
HP23 4LA | |
United Kingdom |
COMPANY NUMBER | 10402871 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investment property | 4 |
|
|
|
28,552,714 | 13,387,664 | |||
Current assets | ||||
Debtors | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
702,269 | 252,955 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current liabilities | (25,365,186) | (10,944,130) | ||
Total assets less current liabilities | 3,187,528 | 2,443,534 | ||
Provision for liabilities | 7 | (
|
(
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rockshine Ltd. (registered number:
S J Rutt
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rockshine Ltd is a private company limited by share capital incorporated in England and Wales.
The address of it's registered office is:
Beeches Farm
Icknield Way
Tring
HP23 4LA
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention except where otherwise stated.
The directors of the parent company have confirmed that they will not seek repayment of the amount due for at least a further year from the date of approval of the accounts. The directors of the company with a preference share investment in Rockshine Ltd.'s parent company confirmed that they will not seek repayment of the amount due for at least a further year from the date of approval of the accounts. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.
Group accounts exemption s399
The group has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the subsidiary qualifies as a small group.
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss.
The current tax and deferred tax charges are calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operates and generates taxable income.
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:
Plant and machinery etc. |
|
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the company during the year, including directors |
|
|
Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 October 2023 |
|
|
|
Additions |
|
|
|
At 30 September 2024 |
|
|
|
Accumulated depreciation | |||
At 01 October 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 30 September 2024 |
|
|
|
Net book value | |||
At 30 September 2024 |
|
|
|
At 30 September 2023 |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 October 2023 |
|
Additions | 14,638,450 |
Fair value movement | 525,425 |
As at 30 September 2024 |
|
The fair value of the company's investments was revalued on 30 September 2024. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £27,138,450 (2023 - £12,500,000).
2024 | 2023 | ||
£ | £ | ||
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Amounts owed to group undertakings (note 8) |
|
|
|
Amounts owed to related parties (note 8) |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
At the beginning of financial year | (
|
(
|
|
(Charged)/credited to the Profit and Loss Account | (
|
|
|
At the end of financial year | (
|
(
|
Other related party transactions
Rockshine Ltd. has received a loan from it's parent company. This loan is interest free and is repayable upon demand. At the balance sheet date the amount due to the company was £25,540 (2023 - £4,103,533).
Rockshine Ltd. has received a loan from a company which has a preference share investment in Rockshine Ltd's parent company. This loan incurs interest at 3% and is repayable upon demand. At the balance sheet date the amount due to the company was £25,709,800 (2023 - £7,000,000).