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Registered number: 12979434









WOOLLY ROCK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
WOOLLY ROCK LIMITED
REGISTERED NUMBER: 12979434

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Current asset investments
 5 
265,132
242,715

Cash at bank and in hand
 6 
86,802
66,209

  
351,934
308,924

Creditors: amounts falling due within one year
 7 
(1,530)
(1,789)

Net current assets
  
 
 
350,404
 
 
307,135

Total assets less current liabilities
  
350,405
307,136

Provisions for liabilities
  

Deferred tax
 8 
(4,421)
(3,941)

  
 
 
(4,421)
 
 
(3,941)

Net assets
  
345,984
303,195


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
26,592
9,388

Profit and loss account
  
319,292
293,707

  
345,984
303,195


Page 1

 
WOOLLY ROCK LIMITED
REGISTERED NUMBER: 12979434
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 May 2025.




P A Houlding
Directors

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WOOLLY ROCK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Woolly Rock Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, United Kingdom, UB8 2FX.
The company is a personal investment company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in Statement of comprehensive income using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
WOOLLY ROCK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the year.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost 


At 1 January 2024
1



At 31 December 2024
1




Page 4

 
WOOLLY ROCK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Current asset investments

2024
2023
£
£

Listed investments
265,132
242,715

265,132
242,715



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
86,802
66,209

86,802
66,209



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
259

Accruals and deferred income
1,530
1,530

1,530
1,789


Page 5

 
WOOLLY ROCK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Deferred taxation




2024


£






At beginning of year
3,941


Charged to the Statement of comprehensive income
480



At end of year
4,421

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investments
4,421
3,941

4,421
3,941


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Nil (2023 - 100) Ordinary shares of £1 each
-
100
50 (2023 - Nil) Ordinary A shares of £1 each
50
-
50 (2023 - Nil) Ordinary B shares of £1 each
50
-

100

100

On 19 February 2024, the 100 Ordinary shares of £1 each were redesignated into 50 Ordinary A shares of £1 each, and 50 Ordinary B shares of £1 each.
The Ordinary A shares and Ordinary B shares rank pari passu in all respects expect for the purpose of the declaration of dividends. The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of the other class of share.



10.


Controlling party

The company is controlled by the directors by virtue of their majority shareholding in the company.
 

 
Page 6