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Company No: 11086341 (England and Wales)

ROCKING HORSE HOLDINGS LIMITED

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

ROCKING HORSE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ROCKING HORSE HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
ROCKING HORSE HOLDINGS 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 11086341 (England and Wales)
ACCOUNTANT Gravita II LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
ROCKING HORSE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
ROCKING HORSE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 300 300
300 300
Current assets
Debtors 4 972,633 858,326
Cash at bank and in hand 0 3,248
972,633 861,574
Creditors: amounts falling due within one year 5 ( 559,828) ( 489,651)
Net current assets 412,805 371,923
Total assets less current liabilities 413,105 372,223
Creditors: amounts falling due after more than one year 6 ( 8,788) ( 13,125)
Net assets 404,317 359,098
Capital and reserves
Called-up share capital 7 340,100 340,100
Equity reserve 195,000 140,000
Profit and loss account ( 130,783 ) ( 121,002 )
Total shareholders' funds 404,317 359,098

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 Holdings Limited (registered number: 11086341) 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 HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ROCKING HORSE HOLDINGS 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 Holdings 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 300 300

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 300
At 30 April 2024 300
Carrying value at 30 April 2024 300
Carrying value at 30 April 2023 300

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings (note 8) 972,633 858,326

Amounts due from group companies incur interest at 7.5% and are repayable on demand.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 4,723 4,678
Other creditors 555,105 484,973
559,828 489,651

Quilam Special Opportunities Limited hold a fixed and floating charge over the assets and undertakings of the company and that of its subsidiaries.

On 2 March 2022, Shawbrook Bank Limited secured a fixed and floating charge over the assets and undertakings of the company, its parent and that of its sister subsidiaries.

Bank loans are secured by way of a government guarantee under the terms of the Coronavirus Business Interruption Loan Scheme.

Two directors have given joint and several personal guarantees to a creditor to a maximum of £200,000.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 8,788 13,125

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
340 Preference shares of £ 1,000.00 each 340,000 340,000
340,100 340,100

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

8. 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.

9. Reserves

Equity reserve

During the year Advance Subscription Agreements were entered into for £55,000 and monies received. These have been treated as part of the capital of the company in these accounts. It is expected that these will be converted into shares during 2025.