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Company No: 11835641 (England and Wales)

ROCKING HORSE SOLUTIONS UK LIMITED

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

ROCKING HORSE SOLUTIONS UK LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ROCKING HORSE SOLUTIONS UK LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
ROCKING HORSE SOLUTIONS UK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS J Davis
T Walker
REGISTERED OFFICE 30 City Road
London
EC1Y 2AB
United Kingdom
COMPANY NUMBER 11835641 (England and Wales)
ACCOUNTANT Gravita II LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
ROCKING HORSE SOLUTIONS UK LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
ROCKING HORSE SOLUTIONS UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 3 12,322,126 11,282,399
Cash at bank and in hand 18,244 608,202
12,340,370 11,890,601
Creditors: amounts falling due within one year 4 ( 11,187,555) ( 11,240,153)
Net current assets 1,152,815 650,448
Total assets less current liabilities 1,152,815 650,448
Net assets 1,152,815 650,448
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 1,152,715 650,348
Total shareholder's funds 1,152,815 650,448

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

Directors' responsibilities:

The financial statements of Rocking Horse Solutions UK Limited (registered number: 11835641) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

T Walker
Director
ROCKING HORSE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ROCKING HORSE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Rocking Horse Solutions UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 30 City Road, London, EC1Y 2AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources, including the support of creditors and shareholders, to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

The turnover shown in the profit and loss account represents interest receivable on short term loans made during the period and fees associated with those loans.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 9,758,370 9,505,214
Amounts owed by Group undertakings (note 6) 2,105,176 1,345,862
Other debtors 458,580 431,323
12,322,126 11,282,399

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,658,000 2,921,000
Amounts owed to Group undertakings (note 6) 860,153 753,980
Other creditors 5,669,402 7,565,173
11,187,555 11,240,153

Included within other creditors is a balance of £5,660,000 (2023: £7,447,050 ) secured by a fixed and floating charge over the assets and undertakings of the company, its parent and its fellow subsidiaries.

Amounts owed to group undertakings incur interest at 7.5% and are repayable on demand.

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

There is a single class of Ordinary Shares. There are no restrictions on the distribution of dividends and repayment of capital.

6. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.