Company Registration No. 07720081 (England and Wales)
Cash And Rocket Holdings Limited
Unaudited accounts
for the period from 1 August 2024 to 31 March 2025
Cash And Rocket Holdings Limited
Unaudited accounts
Contents
Cash And Rocket Holdings Limited
Company Information
for the period from 1 August 2024 to 31 March 2025
Company Number
07720081 (England and Wales)
Registered Office
164
New Cavendish Street
London
W1W 6YT
United Kingdom
Cash And Rocket Holdings Limited
Statement of financial position
as at 31 March 2025
Intangible assets
3,333
4,000
Cash at bank and in hand
119,449
90
Creditors: amounts falling due within one year
(334,413)
(59,826)
Net current liabilities
(41,793)
(41,917)
Net liabilities
(38,460)
(37,917)
Called up share capital
100
100
Capital redemption reserve
5,000
5,000
Profit and loss account
(43,560)
(43,017)
Shareholders' funds
(38,460)
(37,917)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 July 2025 and were signed on its behalf by
Mrs Julie Watts
Director
Company Registration No. 07720081
Cash And Rocket Holdings Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
Cash And Rocket Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 07720081. The registered office is 164, New Cavendish Street, London, W1W 6YT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible assets are initially measured at cost.
After initial recognition, intangible assets aremeasured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cash And Rocket Holdings Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with
support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves
towards profitability and to enable it to meet its day-to-day commitments from cashflows.
As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As
such, the director has reasonable expectations that the company has adequate resources to continue in operational existence
for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report
and accounts.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
9,022
10,311
19,333
At 31 March 2025
9,022
10,311
19,333
At 1 August 2024
9,022
10,311
19,333
At 31 March 2025
9,022
10,311
19,333
Cash And Rocket Holdings Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
61,535
-
Other debtors
29,072
16,697
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
64,349
56,572
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included in other creditors is an amount of £64,349 (2024: £56,572) owed to Mrs J Watts, a sole director and majority shareholder of the company.
10
Average number of employees
During the period the average number of employees was 0 (2024: 0).