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REGISTERED NUMBER: 11625704 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Joseph Rochford Holdings Ltd

Joseph Rochford Holdings Ltd (Registered number: 11625704)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Joseph Rochford Holdings Ltd (Registered number: 11625704)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 254,619 271,817
Tangible assets 5 3,146,769 3,194,440
Investments 6 50,100 50,100
Investment property 7 2,788,096 2,788,096
6,239,584 6,304,453

CURRENT ASSETS
Debtors 8 987,447 597,150
Cash at bank 710,270 835,893
1,697,717 1,433,043
CREDITORS
Amounts falling due within one year 9 152,582 95,379
NET CURRENT ASSETS 1,545,135 1,337,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,784,719

7,642,117

CREDITORS
Amounts falling due after more than one
year

10

(281,832

)

(315,982

)

PROVISIONS FOR LIABILITIES (393,070 ) (393,070 )
NET ASSETS 7,109,817 6,933,065

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 12 756,966 756,966
Retained earnings 6,302,851 6,126,099
SHAREHOLDERS' FUNDS 7,109,817 6,933,065

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 5 June 2025 and were signed on its behalf by:





J P Rochford - Director


Joseph Rochford Holdings Ltd (Registered number: 11625704)

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

1. STATUTORY INFORMATION

Joseph Rochford Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11625704

Registered office: Suite 6B Wentworth Lodge
Great North Road
Welwyn Garden City
Hertfordshire
AL8 7SR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
(a) Critical accounting estimates and assumptions
The company makes estimates and assumptions concerning the future.The resulting accounting
estimates will, by definition, seldom equal the related actual results. The estimates and assumptions
that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year are addressed below.
(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are
re-assessed annually. They are amended when necessary to reflect current estimates, based on
technological advancement, future investments, economic utilisation and the physical condition of the
assets. See the note below for the carrying amount of the fixed assets and for the useful economic
lives for each class of assets.
(ii) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing
impairment of trade and other debtors, management considers factors including the current credit
rating of the debtor, the ageing profile of debtors and historical experience. See the note below for the
net carrying amount of the debtors and associated impairment provision

Joseph Rochford Holdings Ltd (Registered number: 11625704)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Intellectual property
Intellectual property is stated at cost or valuation less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, once the asset has reached completion, to allocate the depreciable cost or valuation of the assets to their residual values over their estimated useful lives over 5 years.

Where factors, such as technological advancement, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances.

The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

Development costs that are directly attributable to the design and testing of identifiable and unique software controlled by the company and it's subsidiary companies are recognised as intangible assets when the following criteria are met:

- it is technically feasible to complete the software so that it will be available for use,
- management intends to complete the software and use or sell it,
- there is an ability to use or sell the software,
- it can be demonstrated how the software will generate probable future economic benefits,
- adequate technical, financial and other resources to complete any development, and to use or sell the software are available, and
- the expenditure attributable to the software during its development can be reliably be measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are revalued annually at their open market value in accordance with FRS 102.
Investment property whose fair value can be measured reliably without undue cost or effort is
measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No
taxation charge arises from these revaluations until the disposal of a property, although a deferred tax
charge provision is made in accordance with FRS 102.
No depreciation is provided on the properties, in accordance with the provisions of FRS 102, in order to
give a true and fair view . This is a departure from the requirements of the Companies Act 2006. In the
opinion of the directors these properties are held primarily for their investment potential and so their
current value is of more significance than any measure of consumption and to depreciate them would
not give a true and fair view. If this departure from the Act had not been made, the profit for the year
would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be
quantified and the amount which might otherwise have been shown cannot be separately identified or
quantified.
The cost of investment properties are recognised in the financial statements once an irrevocable
purchase contract has been entered into. Sales of investment properties are recorded once an
irrevocable sales contract has been entered into provided that the sale has completed by the date
these financial statements are approved by the director.
The properties are treated as fixed assets until the date of sale.


Joseph Rochford Holdings Ltd (Registered number: 11625704)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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 year 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 year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 October 2023 271,817
Additions (17,198 )
At 30 September 2024 254,619
NET BOOK VALUE
At 30 September 2024 254,619
At 30 September 2023 271,817

Cost or valuation at 30 September 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2021 200,000
Cost 54,619
254,619

Due to the continued uncertainty in the business climate, the directors are in the process of reassessing the valuation of the intellectual property but are not yet in a position to quantify this change.

Joseph Rochford Holdings Ltd (Registered number: 11625704)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 2,145,000 1,774,606 3,919,606
DEPRECIATION
At 1 October 2023 - 725,166 725,166
Charge for year - 47,671 47,671
At 30 September 2024 - 772,837 772,837
NET BOOK VALUE
At 30 September 2024 2,145,000 1,001,769 3,146,769
At 30 September 2023 2,145,000 1,049,440 3,194,440

Cost or valuation at 30 September 2024 is represented by:

Land and
buildings
£   
Valuation in 2016 127,100
Valuation in 2017 5,285

Cost 2,012,615
2,145,000

If freehold land & buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,012,615 2,012,615

Value of land in freehold land and buildings 1,408,572 1,408,572

Freehold land & buildings were valued on an open market basis on 30 September 2024 by the directors .

Joseph Rochford Holdings Ltd (Registered number: 11625704)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 50,100
NET BOOK VALUE
At 30 September 2024 50,100
At 30 September 2023 50,100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 2,788,096
NET BOOK VALUE
At 30 September 2024 2,788,096
At 30 September 2023 2,788,096

Investment properties were valued on a fair value basis by the directors at the year end

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 784,968 513,199
Other debtors 202,479 83,951
987,447 597,150

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 95,279 95,279
Amounts owed to group undertakings 100 100
Taxation and social security 57,203 -
152,582 95,379

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 281,832 315,982

Joseph Rochford Holdings Ltd (Registered number: 11625704)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 377,111 411,261

The bank loans are secured by fixed and floating charges over all of the property or other undertakings of the company and its subsidiary Joseph Rochford Gardens Ltd.

12. RESERVES

Retained earnings include non-distributable reserves of £1,906,668

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

The Report of the Auditors was unqualified.

Jane Rook (Senior Statutory Auditor)
for and on behalf of George Arthur Limited

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
J P Rochford
Balance outstanding at start of year 83,951 -
Amounts advanced 118,528 83,951
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,479 83,951

The loan to the director is interest free and is expected to be fully repaid.

15. RELATED PARTY DISCLOSURES

The company incurred charges totalling £0 (2023: £100,000) from Claygate Holdings Limited, whose services were for fees paid in relation to the acquisition of East End Farm. This company is controlled by Mr C M Wray. These amounts are charged at normal commercial rates.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J P Rochford.