Registration number:
Rogers & Co Lettings Limited
for the Year Ended 31 October 2024
Rogers & Co Lettings Limited
(Registration number: 07043939)
Balance Sheet as at 31 October 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
500 |
400 |
|
Other reserves |
85,566 |
85,566 |
|
Retained earnings |
627,581 |
571,212 |
|
Shareholders' funds |
713,647 |
657,178 |
For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Rogers & Co Lettings Limited
(Registration number: 07043939)
Balance Sheet as at 31 October 2024
Approved and authorised by the
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Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales..
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, net of value added tax and discounts, and rent due from tenants.
Tax
The tax expense for the period comprises current tax, and is recognised as a charge against the company's profit.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation; cost includes directly attributable incremental costs incurred in their acquisition.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
25% on cost |
Investment property
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs; interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 November 2023 |
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At 31 October 2024 |
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Amortisation |
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At 1 November 2023 |
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At 31 October 2024 |
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Net book value |
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At 31 October 2024 |
- |
- |
Tangible assets |
Computer equipment |
Total |
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Cost or valuation |
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At 1 November 2023 |
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At 31 October 2024 |
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Depreciation |
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At 1 November 2023 |
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Charge for the year |
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At 31 October 2024 |
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Net book value |
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At 31 October 2024 |
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At 31 October 2023 |
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Investment properties |
2024 |
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At 1 November |
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At 31 October |
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There has been no valuation of investment property by an independent valuer.
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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- |
Prepayments |
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Creditors |
Amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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The bank loan is secured by a fixed and floating charge over the company's investment properties.
Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Rogers & Co Lettings Limited
Notes to the Financial Statements for the Year Ended 31 October 2024
Related party transactions |
Transactions with directors |
2024 |
At 1 November 2023 |
Advances to director |
Repayments by director |
At 31 October 2024 |
Interest-free loan repaid within 9 months |
( |
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( |
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2023 |
At 1 November 2022 |
Advances to director |
Repayments by director |
At 31 October 2023 |
Interest-free loan repaid within 9 months |
( |
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( |
( |
Other transactions with directors |
The directors overdrawn loan account was repaid on 7 November 2024.
Summary of transactions with other related parties
Loans to related parties
2024 |
Other related parties |
Total |
Advanced |
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Repaid |
( |
( |
At end of period |
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Terms of loans to related parties