| REGISTERED NUMBER: 02235887 (England and Wales) |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| ROCHDALE DEVELOPMENT COMPANY LIMITED |
| REGISTERED NUMBER: 02235887 (England and Wales) |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| ROCHDALE DEVELOPMENT COMPANY LIMITED |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Consolidated Statement of Income and Retained Earnings | 3 |
| Consolidated Balance Sheet | 4 |
| Company Balance Sheet | 5 |
| Notes to the Consolidated Financial Statements | 6 |
| ROCHDALE DEVELOPMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Park House |
| 200 Drake Street |
| Rochdale |
| Lancashire |
| OL16 1PJ |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025. |
| DIRECTORS |
| The director shown below has held office during the whole of the period from 1 April 2024 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| CONSOLIDATED |
| STATEMENT OF INCOME AND |
| RETAINED EARNINGS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| TURNOVER | 2,159,104 | 1,955,555 |
| Cost of sales | 1,179,964 | 1,194,194 |
| GROSS PROFIT | 979,140 | 761,361 |
| Administrative expenses | 762,672 | 757,701 |
| 216,468 | 3,660 |
| Other operating income | 29,150 | 27,254 |
| OPERATING PROFIT | 4 | 245,618 | 30,914 |
| Interest receivable and similar income | 28,812 | 16,683 |
| PROFIT BEFORE TAXATION | 274,430 | 47,597 |
| Tax on profit | 67,052 | 8,668 |
| PROFIT FOR THE FINANCIAL YEAR |
| Retained earnings at beginning of year | 1,772,211 | 1,733,283 |
| Dividends | (180,353 | ) | - |
| RETAINED EARNINGS FOR THE GROUP AT END OF YEAR |
1,799,236 |
1,772,212 |
| Profit attributable to: |
| Owners of the parent | 207,378 | 38,929 |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| CONSOLIDATED BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 6 | 1 | 1 |
| Tangible assets | 7 | 221,054 | 232,950 |
| Investments | 8 | - | - |
| 221,055 | 232,951 |
| CURRENT ASSETS |
| Stocks | 674,124 | 800,189 |
| Debtors | 9 | 468,013 | 405,494 |
| Cash at bank and in hand | 1,256,175 | 1,034,211 |
| 2,398,312 | 2,239,894 |
| CREDITORS |
| Amounts falling due within one year | 10 | 409,070 | 286,972 |
| NET CURRENT ASSETS | 1,989,242 | 1,952,922 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
2,210,297 |
2,185,873 |
| PROVISIONS FOR LIABILITIES | 53,561 | 56,161 |
| NET ASSETS | 2,156,736 | 2,129,712 |
| CAPITAL AND RESERVES |
| Called up share capital | 346,833 | 346,833 |
| Capital redemption reserve | 10,667 | 10,667 |
| Retained earnings | 1,799,236 | 1,772,212 |
| 2,156,736 | 2,129,712 |
| The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group. |
| The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by: |
| J. A. Warwick - Director |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| COMPANY BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| Company's profit for the financial year | 171,000 | 163,512 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Rochdale Development Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Functional and presentation currency |
| The group financial statements are presented in the currency of the primary economic environment in which the entity operates that being the United Kingdom. For the purpose of the financial statements, the results and financial position are presented in Sterling (£). |
| Significant judgements and estimates |
| In the process of applying the entity's accounting policies management have not made any judgements that would have a significant effect on the amounts recognised in the financial statements. No estimations have been made that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover from the sale of reels and pouches is recognised when all of the following conditions are satisfied: |
| - the group has transferred to the buyer the significant risks and rewards of ownership of the goods; |
| - the group retains neither continuing managerial involvement to the degree usually associated with |
| ownership nor effective control over the goods sold; |
| - the amount of revenue can be measured reliably; |
| - it is probable that the economic benefits associated with the transaction can be measured reliably; |
| - the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has now been fully amortised over its estimated useful life of four years. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial assets including trade debtors and other debtors, and cash and bank balances are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts. |
| Financial assets, are assessed for indicators of impairment at the end of each accounting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected. |
| Trade creditors and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2025 | 2024 |
| £ | £ |
| Depreciation - owned assets | 55,115 | 46,779 |
| Directors' benefits in kind | 643 | 701 |
| 5. | INDIVIDUAL INCOME STATEMENT |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 6. | INTANGIBLE FIXED ASSETS |
| Group |
| Goodwill |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 | 121,442 |
| AMORTISATION |
| At 1 April 2024 |
| and 31 March 2025 | 121,441 |
| NET BOOK VALUE |
| At 31 March 2025 | 1 |
| At 31 March 2024 | 1 |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 7. | TANGIBLE FIXED ASSETS |
| Group |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 | 11,000 | 619,437 | 54,401 | 21,167 | 706,005 |
| Additions | - | 41,969 | - | 1,250 | 43,219 |
| Disposals | - | - | - | (3,733 | ) | (3,733 | ) |
| At 31 March 2025 | 11,000 | 661,406 | 54,401 | 18,684 | 745,491 |
| DEPRECIATION |
| At 1 April 2024 | 10,999 | 386,490 | 54,400 | 21,166 | 473,055 |
| Charge for year | - | 55,011 | - | 104 | 55,115 |
| Eliminated on disposal | - | - | - | (3,733 | ) | (3,733 | ) |
| At 31 March 2025 | 10,999 | 441,501 | 54,400 | 17,537 | 524,437 |
| NET BOOK VALUE |
| At 31 March 2025 | 1 | 219,905 | 1 | 1,147 | 221,054 |
| At 31 March 2024 | 1 | 232,947 | 1 | 1 | 232,950 |
| 8. | FIXED ASSET INVESTMENTS |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiary |
| Registered office: 9 Sutton Fold, Sutton Fold Industrial Park, St. Helens, Merseyside, WA9 3GL |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2025 | 2024 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group |
| 2025 | 2024 |
| £ | £ |
| Trade debtors | 398,251 | 356,513 |
| Prepayments | 69,762 | 48,981 |
| 468,013 | 405,494 |
| ROCHDALE DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: 02235887) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2025 | 2024 | 2025 | 2024 |
| £ | £ | £ | £ |
| Trade creditors | 224,271 | 171,860 |
| Tax | 69,652 | 10,162 |
| Social security and other taxes | 12,700 | 12,108 |
| VAT | 36,478 | 31,463 | - | - |
| Credit card account | 732 | 765 |
| Accrued expenses | 65,237 | 60,614 |
| 409,070 | 286,972 |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Group |
| Non-cancellable operating | leases |
| 2025 | 2024 |
| £ | £ |
| Within one year | 135,731 | 131,103 |
| Between one and five years | 34,100 | 163,879 |
| 169,831 | 294,982 |