Silverfin false false 31/12/2024 01/02/2024 31/12/2024 Caroline Bailey 02/07/2024 07/06/2024 Amy Griffiths 07/06/2024 George Griffiths 07/06/2024 Susan Rodgers 07/06/2024 16/08/2012 Judith Rodgers 07/06/2024 16/08/2012 George Rodgers 07/06/2024 16/08/2012 05 June 2025 The principal activity of the Company during the financial period was that of letting and management of industrial units. 08181568 2024-12-31 08181568 bus:Director1 2024-12-31 08181568 bus:Director2 2024-12-31 08181568 bus:Director3 2024-12-31 08181568 bus:Director4 2024-12-31 08181568 bus:Director5 2024-12-31 08181568 bus:Director6 2024-12-31 08181568 2024-01-31 08181568 core:CurrentFinancialInstruments 2024-12-31 08181568 core:CurrentFinancialInstruments 2024-01-31 08181568 core:ShareCapital 2024-12-31 08181568 core:ShareCapital 2024-01-31 08181568 core:RetainedEarningsAccumulatedLosses 2024-12-31 08181568 core:RetainedEarningsAccumulatedLosses 2024-01-31 08181568 core:ComputerEquipment 2024-01-31 08181568 core:ComputerEquipment 2024-12-31 08181568 bus:OrdinaryShareClass1 2024-12-31 08181568 2024-02-01 2024-12-31 08181568 bus:FilletedAccounts 2024-02-01 2024-12-31 08181568 bus:SmallEntities 2024-02-01 2024-12-31 08181568 bus:AuditExemptWithAccountantsReport 2024-02-01 2024-12-31 08181568 bus:PrivateLimitedCompanyLtd 2024-02-01 2024-12-31 08181568 bus:Director1 2024-02-01 2024-12-31 08181568 bus:Director2 2024-02-01 2024-12-31 08181568 bus:Director3 2024-02-01 2024-12-31 08181568 bus:Director4 2024-02-01 2024-12-31 08181568 bus:Director5 2024-02-01 2024-12-31 08181568 bus:Director6 2024-02-01 2024-12-31 08181568 1 2024-02-01 2024-12-31 08181568 core:ComputerEquipment core:TopRangeValue 2024-02-01 2024-12-31 08181568 2023-02-01 2024-01-31 08181568 core:ComputerEquipment 2024-02-01 2024-12-31 08181568 bus:OrdinaryShareClass1 2024-02-01 2024-12-31 08181568 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08181568 (England and Wales)

RODGERS INDUSTRIAL ESTATE LTD
(Formerly RIDE (Yalberton) Limited)

Unaudited Financial Statements
For the financial period from 01 February 2024 to 31 December 2024
Pages for filing with the registrar

RODGERS INDUSTRIAL ESTATE LTD

Unaudited Financial Statements

For the financial period from 01 February 2024 to 31 December 2024

Contents

RODGERS INDUSTRIAL ESTATE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
RODGERS INDUSTRIAL ESTATE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024 31.01.2024
£ £
Fixed assets
Tangible assets 3 162 0
Investment property 4 1,975,000 1,975,000
Investments 0 99
1,975,162 1,975,099
Current assets
Debtors 5 61,486 19,917
Cash at bank and in hand 41,921 34,581
103,407 54,498
Creditors: amounts falling due within one year 6 ( 42,486) ( 39,911)
Net current assets 60,921 14,587
Total assets less current liabilities 2,036,083 1,989,686
Provision for liabilities ( 266,574) ( 266,534)
Net assets 1,769,509 1,723,152
Capital and reserves
Called-up share capital 7 198 198
Profit and loss account 8 1,769,311 1,722,954
Total shareholder's funds 1,769,509 1,723,152

For the financial period ending 31 December 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 Rodgers Industrial Estate Ltd (registered number: 08181568) were approved and authorised for issue by the Board of Directors on 05 June 2025. They were signed on its behalf by:

George Griffiths
Director
RODGERS INDUSTRIAL ESTATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2024 to 31 December 2024
RODGERS INDUSTRIAL ESTATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2024 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rodgers Industrial Estate Ltd (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 Suite 120 Watermoor Point Watermoor Road, Cirencester, GL7 1LF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company year end has been changed to 31 December so as to bring it in line with companies under common control.

These accounts are, therefore, prepared for the 11 months ending 31 December 2024 and current period figures, as a result, are not fully comparable to the prior year figure.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value 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 receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.02.2024 to
31.12.2024
Year ended
31.01.2024
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 February 2024 0 0
Additions 180 180
At 31 December 2024 180 180
Accumulated depreciation
At 01 February 2024 0 0
Charge for the financial period 18 18
At 31 December 2024 18 18
Net book value
At 31 December 2024 162 162
At 31 January 2024 0 0

4. Investment property

Investment property
£
Valuation
As at 01 February 2024 1,975,000
As at 31 December 2024 1,975,000

The 31 December 2024 valuation was made by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.12.2024 31.01.2024
£ £
Historic cost 354,347 354,347

5. Debtors

31.12.2024 31.01.2024
£ £
Trade debtors 7,052 15,121
Amounts owed by Group undertakings 51,040 0
Prepayments 3,394 4,796
61,486 19,917

6. Creditors: amounts falling due within one year

31.12.2024 31.01.2024
£ £
Amounts owed to associates 1,641 0
Amounts owed to directors 0 53
Accruals 3,256 2,850
Taxation and social security 37,589 37,008
42,486 39,911

7. Called-up share capital

31.12.2024 31.01.2024
£ £
Allotted, called-up and fully-paid
198 Ordinary shares of £ 1.00 each 198 198

8. Reserves

The profit and loss reserve includes both distributable and non-distributable reserves. Non-distributable reserves represents cumulative gains and losses on the revaluation of investment property net of deferred tax. At the balance sheet date non-distributable reserves totalled £1,354,119 (Period to 31/01/2024: £1,354,119).