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Company No: 10402871 (England and Wales)

ROCKSHINE LTD.

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

ROCKSHINE LTD.

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ROCKSHINE LTD.

COMPANY INFORMATION

For the financial year ended 30 September 2024
ROCKSHINE LTD.

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
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)
ROCKSHINE LTD.

BALANCE SHEET

As at 30 September 2024
ROCKSHINE LTD.

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,350 5,175
Investment property 4 28,546,364 13,382,489
28,552,714 13,387,664
Current assets
Debtors 5 183,633 9,135
Cash at bank and in hand 518,636 243,820
702,269 252,955
Creditors: amounts falling due within one year 6 ( 26,067,455) ( 11,197,085)
Net current liabilities (25,365,186) (10,944,130)
Total assets less current liabilities 3,187,528 2,443,534
Provision for liabilities 7 ( 542,719) ( 220,622)
Net assets 2,644,809 2,222,912
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,644,709 2,222,812
Total shareholder's funds 2,644,809 2,222,912

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 10402871) were approved and authorised for issue by the Board of Directors on 17 April 2025. They were signed on its behalf by:

S J Rutt
Director
ROCKSHINE LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ROCKSHINE LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

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.

General information and basis of accounting

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.

Going concern

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

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.

Turnover

Turnover comprises the fair value of the consideration received as rent shown net of tax. Rental income is recognised on a straight line basis over the life of the lease.

Taxation

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.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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. 10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is carried at fair value, and is revalued annually by the directors to an amount equal to fair value. Changes in fair value are recognised in other operating income in the profit or loss .

Trade and other debtors

Trade debtors are amounts due from customers for services provided in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trad debtors is established when there is subjective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Trade creditors are recongised initially at the transaction price.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 9,471 9,471
Additions 2,358 2,358
At 30 September 2024 11,829 11,829
Accumulated depreciation
At 01 October 2023 4,296 4,296
Charge for the financial year 1,183 1,183
At 30 September 2024 5,479 5,479
Net book value
At 30 September 2024 6,350 6,350
At 30 September 2023 5,175 5,175

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 13,382,489
Additions 14,638,450
Fair value movement 525,425
As at 30 September 2024 28,546,364

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).

5. Debtors

2024 2023
£ £
Trade debtors 151,609 3,579
Other debtors 32,024 5,556
183,633 9,135

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,647 2,850
Amounts owed to group undertakings (note 8) 25,540 4,103,533
Amounts owed to related parties (note 8) 25,709,800 7,000,000
Taxation and social security 118,075 50,578
Other creditors 209,393 40,124
26,067,455 11,197,085

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 220,622) ( 424,647)
(Charged)/credited to the Profit and Loss Account ( 322,097) 204,025
At the end of financial year ( 542,719) ( 220,622)

8. Related party transactions

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).