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REGISTERED NUMBER: 02216029 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ROALCO SECURITY SHUTTERS LIMITED
ROALCO SECURITY SHUTTERS LIMITED (REGISTERED NUMBER: 02216029)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROALCO SECURITY SHUTTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A B Cook
A R Potter





SECRETARY: A B Cook





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 02216029 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE
Page 1
ROALCO SECURITY SHUTTERS LIMITED (REGISTERED NUMBER: 02216029)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 750,000 550,000

CURRENT ASSETS
Debtors 5 2,659 16,795
Cash at bank and in hand 39,788 52,849
42,447 69,644
CREDITORS
Amounts falling due within one year 6 154,441 154,556
NET CURRENT LIABILITIES (111,994 ) (84,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
638,006
465,088

CREDITORS
Amounts falling due after more than one
year
7
(15,000
)
(15,000
)

PROVISIONS FOR LIABILITIES 8 (102,394 ) (52,394 )
NET ASSETS 520,612 397,694

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 446,541 296,541
Retained earnings 73,971 101,053
SHAREHOLDERS' FUNDS 520,612 397,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 16 June 2025 and were signed on its behalf by:





A B Cook - Director


The notes form part of these financial statements

Page 2
ROALCO SECURITY SHUTTERS LIMITED (REGISTERED NUMBER: 02216029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Roalco Security Shutters Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of returns, discounts and value added taxes.

Revenue is recognised in the accounting period in which rents are receivable.

Investment property
Investment Properties are shown at fair value. Any aggregate surplus or deficit that arises from a change in fair value is recognised in the income statement, net of deferred tax. On an annual basis this surplus or deficit is transferred from retained profits into a separate, non-distributable reserve called the "Revaluation Reserve".

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 2 (2023 - 2 ) .

Page 3 continued...
ROALCO SECURITY SHUTTERS LIMITED (REGISTERED NUMBER: 02216029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 550,000
Revaluations 200,000
At 30 September 2024 750,000
NET BOOK VALUE
At 30 September 2024 750,000
At 30 September 2023 550,000

The directors confirm that the property is valued on an open market basis, based on all available market data, at £750,000 at the year end (2023- £550,000).

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 398,935
Valuation in 2019 (50,000 )
Valuation in 2024 200,000
Cost 201,065
750,000

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,877 13,944
Other debtors 782 2,220
2,659 16,164

Amounts falling due after more than one year:
Other debtors - 631

Aggregate amounts 2,659 16,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 7,721 7,901
Other creditors 134,045 134,005
Accrued expenses 12,675 12,650
154,441 154,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 15,000 15,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 102,394 52,394

Page 4 continued...
ROALCO SECURITY SHUTTERS LIMITED (REGISTERED NUMBER: 02216029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 52,394
Provided during year 50,000
Balance at 30 September 2024 102,394

9. RELATED PARTY DISCLOSURES

At the balance sheet date £134,045 (2023: £134,005) was due to the directors, the amounts are interest free and repayable on demand.

Page 5