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Registration number: 06349407

Rollestone Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Rollestone Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 11

 

Rollestone Limited

Company Information

Director

Mr G R Smith

Company secretary

Mr G R Smith

Registered office

Elston Hill Farm
Shrewton
Salisbury
Wiltshire
SP3 4HR

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Rollestone Limited

(Registration number: 06349407)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

432,118

380,748

Other financial assets

5

25

25

 

432,143

380,773

Current assets

 

Stocks

6

332,398

412,212

Debtors

7

49,717

128,402

Cash at bank and in hand

 

714,830

791,019

 

1,096,945

1,331,633

Creditors: Amounts falling due within one year

8

(187,586)

(302,085)

Net current assets

 

909,359

1,029,548

Total assets less current liabilities

 

1,341,502

1,410,321

Creditors: Amounts falling due after more than one year

8

(203,371)

(220,837)

Net assets

 

1,138,131

1,189,484

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

1,138,130

1,189,483

Shareholders' funds

 

1,138,131

1,189,484

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Rollestone Limited

(Registration number: 06349407)
Balance Sheet as at 30 September 2024 (continued)

Approved and authorised by the director on 5 June 2025
 

.........................................
Mr G R Smith
Company secretary and director

 

Rollestone Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Retained earnings
£

Total
£

At 1 October 2023

1

1,189,483

1,189,484

Profit for the year

-

63,633

63,633

Dividends

-

(114,986)

(114,986)

At 30 September 2024

1

1,138,130

1,138,131

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

1

1,180,048

1,180,049

Profit for the year

-

99,430

99,430

Dividends

-

(89,995)

(89,995)

At 30 September 2023

1

1,189,483

1,189,484

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Elston Hill Farm
Shrewton
Salisbury
Wiltshire
SP3 4HR

These financial statements were authorised for issue by the director on 5 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

10% Straight Line

Plant and Machinery

25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks and growing crops have been valued at no less than cost, deemed cost, or net realisable value.
Deemed cost has been used where actual cost is not accurately ascertainable and is defined as: Harvested crops - 75% of market value.

Market value is defined as the estimated amount for which an asset should exchange on the date of valuation in an arms-length transaction.

Net realisable value is defined as the actual or estimated selling price on the date of valuation less further costs to completion and for marketing, selling and distributing.

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

150,000

457,686

122,967

730,653

Additions

-

-

84,772

84,772

At 30 September 2024

150,000

457,686

207,739

815,425

Depreciation

At 1 October 2023

-

299,649

50,256

349,905

Charge for the year

-

18,922

14,480

33,402

At 30 September 2024

-

318,571

64,736

383,307

Carrying amount

At 30 September 2024

150,000

139,115

143,003

432,118

At 30 September 2023

150,000

158,037

72,711

380,748

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

25

25

At 30 September 2024

25

25

Impairment

Carrying amount

At 30 September 2024

25

25

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Stocks

2024
£

2023
£

Other inventories

332,398

412,212

7

Debtors

Current

2024
£

2023
£

Trade debtors

5,888

72,132

Prepayments

2,779

1,355

Other debtors

12,712

25,591

Provision for bad debts

(5,662)

(4,676)

 

15,717

94,402

Non-current

2024
£

2023
£

Other debtors

34,000

34,000

 

34,000

34,000

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

18,159

23,595

Trade creditors

 

36,554

38,177

Taxation and social security

 

30,955

34,508

Accruals and deferred income

 

98,418

202,305

Other creditors

 

3,500

3,500

 

187,586

302,085

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

203,371

220,837

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

203,371

220,837

 

Rollestone Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

10

Loans and borrowings (continued)

Current loans and borrowings

2024
£

2023
£

Bank borrowings

18,159

17,677

Hire purchase contracts

-

5,918

18,159

23,595

The loan is unsecured for a period of 72 months and attracts interest of 0% for the first 12 months and 2.5% per annum thereafter.
Repayments are made monthly. No repayments are due for the first 12 months.
Amounts due for repayment:
Less than 1 year: £10,648 (2023 - £10,648)
More than 1 year and less than 5 years: £11,801 (2023 - £21,759)

11

Dividends

2024

2023

£

£

Interim dividend of £114,985.88 (2023 - £89,998.75) per ordinary share

114,986

89,996

 

 

12

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mr G R Smith

The loan is interest free with no fixed date of repayment.

20,000

12,888

(31,000)

1,888