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Registered number: 12594524
ROVOP ASSETS 4 LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
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COMPANY INFORMATION
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G Park (resigned 28 February 2025)
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D Dundas (appointed 28 February 2025)
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CONTENTS
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Directors' responsibilities statement
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Statement of changes in equity
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Notes to the financial statements
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DIRECTORS' REPORT
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the 9 month period ended 31 December 2024.
The directors who served during the 9 month period were:
G Park (resigned 28 February 2025)
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In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Board and signed on its behalf.
Page 1
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DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
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PROFIT AND LOSS ACCOUNT
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
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9 month period ended
31 December
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The Company has not traded during the 9 month period. During this period, the Company received no income and incurred no expenditure and therefore made neither profit or loss.
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Page 3
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ROVOP ASSETS 4 LIMITED
REGISTERED NUMBER:12594524
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Total assets less current liabilities
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For the 9 month period ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the 9 month period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:
The notes on pages 6 to 7 form part of these financial statements.
Page 4
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STATEMENT OF CHANGES IN EQUITY
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
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Comprehensive income for the year
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The notes on pages 6 to 7 form part of these financial statements.
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Page 5
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
The Company is a private company limited by shares and is incorporated in the UK. The registered office is Suite 1, 3rd Floor 11 - 12 St. James's Square, London, SW1Y 4LB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared on a going concern basis, which assumes that the Company and wider Group that it is a member of will continue to meet its liabilities as they fall due.
Based on the financial projections prepared and taking account of possible downside scenarios the directors remain confident the Group can trade profitably and generate positive cash flows from operating activities to meet its financial obligations.
The key assets of the Company were transferred to another subsidiary of the Group in prior year in order to simplify the Group structure. The Company will remain a going concern until such time as the remaining assets and liabilities are settled.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 6
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTH PERIOD ENDED 31 DECEMBER 2024
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The average monthly number of employees, including directors, during the 9 month period was 2 (2024 - 2).
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9 month period ended
31 December
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Exceptional items - debt forgiveness
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The exceptional item relates to the forgiveness of loan balances with group undertakings.
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Related party transactions
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The Company has taken advantage of the exemption from disclosing transactions with subsidiaries that
are 100% owned under section 1AC.35 of FRS 102.
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The immediate parent company at 31 December 2024 is ROVOP Group Limited, a company incorporated in Scotland with its registered office at Silvertrees Drive, Westhill, Aberdeen, United Kingdom, AB32 6BH.
The Company is included in the consolidated financial statements of ROVOP Holdings Limited, a company incorporated in Scotland with its registered office at Silvertrees Drive, Westhill, Aberdeen, United Kingdom, AB32 6BH, for the period ended 31 December 2024. This is the only company in the group to prepare consolidated financial statements.
Copies of the consolidated financial statements of ROVOP Holdings Limited can be requested from Silvertrees Drive, Westhill, Aberdeen, United Kingdom, AB32 6BH.
From 2 May 2024, there was a change in ownership of ROVOP Holdings Limited with C-ROVOP LLC, a company incorporated in the USA, becoming the ultimate parent company.
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