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Company No: 08912023 (England and Wales)

ROCKSTAR (SCILLY) LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

ROCKSTAR (SCILLY) LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

ROCKSTAR (SCILLY) LIMITED

BALANCE SHEET

As at 31 January 2025
ROCKSTAR (SCILLY) LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 30,730 39,135
30,730 39,135
Current assets
Stocks 4 14,599 15,304
Debtors 5 33,162 33,479
Cash at bank and in hand 6 21,279 45,538
69,040 94,321
Creditors: amounts falling due within one year 7 ( 86,032) ( 60,515)
Net current (liabilities)/assets (16,992) 33,806
Total assets less current liabilities 13,738 72,941
Creditors: amounts falling due after more than one year 8 ( 4,167) ( 13,067)
Provision for liabilities 9 5,471 ( 239)
Net assets 15,042 59,635
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 14,942 59,535
Total shareholders' funds 15,042 59,635

For the financial year ending 31 January 2025 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 Rockstar (Scilly) Limited (registered number: 08912023) were approved and authorised for issue by the Board of Directors on 12 June 2025. They were signed on its behalf by:

J L Francis
Director
ROCKSTAR (SCILLY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
ROCKSTAR (SCILLY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

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

General information and basis of accounting

Rockstar (Scilly) Limited (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 Lowin House, Tregolls Road, Truro, TR1 2NA, 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 Balance Sheet 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

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 Balance Sheet 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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 20

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 February 2024 4,986 71,705 26,905 103,596
Additions 0 3,998 0 3,998
At 31 January 2025 4,986 75,703 26,905 107,594
Accumulated depreciation
At 01 February 2024 4,986 42,773 16,702 64,461
Charge for the financial year 0 8,579 3,824 12,403
At 31 January 2025 4,986 51,352 20,526 76,864
Net book value
At 31 January 2025 0 24,351 6,379 30,730
At 31 January 2024 0 28,932 10,203 39,135

4. Stocks

2025 2024
£ £
Stocks 14,599 15,304

5. Debtors

2025 2024
£ £
Other debtors 33,162 33,479

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 21,279 45,538

7. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,000 11,100
Trade creditors 23,073 14,403
Taxation and social security 27,719 28,260
Other creditors 25,240 6,752
86,032 60,515

8. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 4,167 13,067

There are no amounts included above in respect of which any security has been given by the small entity.

9. Provision for liabilities

2025 2024
£ £
Deferred tax ( 5,471) 239

10. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100