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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: J. A. Warwick
Mrs A. M. Mervis





SECRETARY: Mr. J. A. Warwick





REGISTERED OFFICE: Moore & Buckle (Flexible Packaging) Ltd
9 Sutton Fold
Sutton Fold Industrial Park
St. Helens
Merseyside
WA9 3GL





REGISTERED NUMBER: 02235887 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
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.

J. A. Warwick
Mrs A. M. Mervis

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:





Mr. J. A. Warwick - Secretary


12 May 2025

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 207,378 38,929

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 720,390 727,987

CREDITORS
Amounts falling due within one year 10 4,926 3,170
NET CURRENT ASSETS 715,464 724,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,464

724,817

CAPITAL AND RESERVES
Called up share capital 346,833 346,833
Capital redemption reserve 10,667 10,667
Retained earnings 357,964 367,317
715,464 724,817

Company's profit for the financial year 171,000 163,512

The company is 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 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 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 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)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Rochdale Development Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 20 (2024 - 24 ) .

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

Moore & Buckle (Flexible Packaging) Limited
Registered office: 9 Sutton Fold, Sutton Fold Industrial Park, St. Helens, Merseyside, WA9 3GL
Nature of business: manufacturers of flexible packaging materials.
%
Class of shares: holding
Ordinary 100.00
2025 2024
£    £   
Aggregate capital and reserves 1,441,272 1,404,894
Profit for the year 186,378 25,417


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 4,926 3,170
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 4,926 3,170

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