1 1 Roar Investments Ltd 14439604 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is holding of property and investments Digita Accounts Production Advanced 6.30.9574.0 true 14439604 2023-10-01 2024-09-30 14439604 2024-09-30 14439604 bus:Director1 1 2024-09-30 14439604 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2024-09-30 14439604 core:CurrentFinancialInstruments 2024-09-30 14439604 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14439604 bus:SmallEntities 2023-10-01 2024-09-30 14439604 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14439604 bus:FilletedAccounts 2023-10-01 2024-09-30 14439604 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14439604 bus:RegisteredOffice 2023-10-01 2024-09-30 14439604 bus:Director1 2023-10-01 2024-09-30 14439604 bus:Director1 1 2023-10-01 2024-09-30 14439604 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14439604 bus:Agent1 2023-10-01 2024-09-30 14439604 countries:England 2023-10-01 2024-09-30 14439604 2023-09-30 14439604 bus:Director1 1 2023-09-30 14439604 2022-10-24 2023-09-30 14439604 2023-09-30 14439604 core:CurrentFinancialInstruments 2023-09-30 14439604 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 14439604

Roar Investments Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Roar Investments Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Roar Investments Ltd

Company Information

Director

Dr Faresh Jitendrakumar Desai

Registered office

Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

Accountants

Onyx Accountants Limited
Chartered Management AccountantsOnyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Roar Investments Ltd

(Registration number: 14439604)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

439,569

146,493

Current assets

 

Debtors

6

1,828,666

68,943

Other financial assets

5

2,901,514

3,041,009

Cash at bank and in hand

 

301,935

402,937

 

5,032,115

3,512,889

Prepayments and accrued income

 

2,636

1,505

Creditors: Amounts falling due within one year

(5,304,357)

(3,579,809)

Net current liabilities

 

(269,606)

(65,415)

Total assets less current liabilities

 

169,963

81,078

Accruals and deferred income

 

(3,240)

(1,200)

Net assets

 

166,723

79,878

Capital and reserves

 

Called up share capital

200

200

Retained earnings

166,523

79,678

Shareholders' funds

 

166,723

79,878

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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.

Approved and authorised by the director on 30 June 2025
 

.........................................
Dr Faresh Jitendrakumar Desai
Director

 

Roar Investments Ltd

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

1

General information

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

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the director on 30 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 abridged 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 abridged 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.

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.

 

Roar Investments Ltd

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Roar Investments Ltd

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

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 September 2024

Investment properties

2024
£

At 1 October

146,493

Additions

293,076

At 30 September

439,569

There has been no valuation of investment property by an independent valuer.

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

Additions

2,901,514

2,901,514

At 30 September 2024

2,901,514

2,901,514

Impairment

Carrying amount

At 30 September 2024

2,901,514

2,901,514

6

Debtors

Debtors includes £61,330 (2023 - £62,800) due after more than one year.

7

Related party transactions

At the balance sheet date, the company owed a company with a common director £3,598,449 (2023 - £3,556,889)

At the balance sheet date, the company was owed £61,330 (2023 - £62,800) by a company with a common director.

 

Roar Investments Ltd

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

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

Dr Faresh Jitendrakumar Desai

Loan to Director

-

1,717,979

1,717,979