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REGISTERED NUMBER: 13227138 (England and Wales)





FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MARCH 2024 TO 31ST OCTOBER 2024

FOR

ROFTEK HOLDINGS LIMITED

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROFTEK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024







DIRECTORS: S K Rothwell
A J T Scott





REGISTERED OFFICE: The Estate Office Rotherfield Park
East Tisted
Alton
Hampshire
GU34 3QN





REGISTERED NUMBER: 13227138 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

BALANCE SHEET
31ST OCTOBER 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 2,921,490 7,238,409

CURRENT ASSETS
Debtors 5 39,852 19,852

CREDITORS
Amounts falling due within one year 6 141,384 19,733
NET CURRENT (LIABILITIES)/ASSETS (101,532 ) 119
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,819,958

7,238,528

CREDITORS
Amounts falling due after more than one
year

7

6,397,926

6,714,845
NET (LIABILITIES)/ASSETS (3,577,968 ) 523,683

CAPITAL AND RESERVES
Called up share capital 9 126,470 126,470
Retained earnings 10 (3,704,438 ) 397,213
SHAREHOLDERS' FUNDS (3,577,968 ) 523,683

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th March 2025 and were signed on its behalf by:





A J T Scott - Director


ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


1. STATEMENT OF COMPLIANCE

Roftek Holdings Limited is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is The Estate Office Rotherfield Park, East Tisted, Alton, Hampshire, England, GU34 3QN. The registration number is 13227138.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial period was shorten to the 31st October to be coterminous with its ultimate parent company. As a result the comparatives are not entirely comparable.

Preparation of consolidated financial statements
The financial statements contain information about Roftek Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Noar, Limited, Estate Office Rotherfield Park Estate, East Tisted, Alton, England, GU34 3QN.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Management fee income is recognised in the period to which the income relates.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost, less any impairment. If an investment is impaired the loss is calculated as the difference between the carrying amount and the present value of the estimated cash flows discounted at the effective interest rate. The impairment loss is recognised in the profit or loss.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2024 11,578,322
Disposals (316,919 )
At 31st October 2024 11,261,403
PROVISIONS
At 1st March 2024 4,339,913
Provision for period 4,000,000
At 31st October 2024 8,339,913
NET BOOK VALUE
At 31st October 2024 2,921,490
At 29th February 2024 7,238,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors 19,852 19,852
Prepayments and accrued income 20,000 -
39,852 19,852

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors - 9,600
Amounts owed to group undertakings 88,788 -
Accruals and deferred income 52,596 10,133
141,384 19,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Other loans - 1-2 years 2,536,044 2,793,881
Amounts owed to group undertakings 3,861,882 3,920,964
6,397,926 6,714,845

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£    £   
Other loans 6,397,926 6,714,845

The company's other loans are secured on the company's assets and undertakings by way of a fixed and floating charge.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
24,999 Ordinary 1 1 24,999 24,999
75,001 Ordinary 2 1 75,001 75,001
100,000 100,000

Allotted and issued:
Number: Class: Nominal 2024 2024
value: £    £   
26,470 Growth shares 1 26,470 26,470

ROFTEK HOLDINGS LIMITED (REGISTERED NUMBER: 13227138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST OCTOBER 2024


10. RESERVES
Retained
earnings
£   

At 1st March 2024 397,213
Deficit for the period (4,101,651 )
At 31st October 2024 (3,704,438 )

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Harriet Sergeant BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

12. RELATED PARTY DISCLOSURES

Shareholders of the company owe £19,852 (2024: 19,852) in relation to unpaid share capital and this balance is interest free.

13. ULTIMATE CONTROLLING PARTY

The company's parent company and controlling company is Noar, Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Estate Office Rotherfield Park Estate, East Tisted, Alton, England, GU34 3QN. The registration number is 10520077.

The smallest and largest group which results are consolidated is that headed by Noar, Limited. The consolidated financial statements are available to the public and can be obtained from Companies House.