BrightAccountsProduction v1.0.0 v1.0.0 2023-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is investing in commercial property. 25 July 2025 2 2 NI656544 2024-10-31 NI656544 2023-10-31 NI656544 2022-10-31 NI656544 2023-11-01 2024-10-31 NI656544 2022-11-01 2023-10-31 NI656544 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI656544 uk-curr:PoundSterling 2023-11-01 2024-10-31 NI656544 uk-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI656544 uk-bus:FullAccounts 2023-11-01 2024-10-31 NI656544 uk-bus:Director1 2023-11-01 2024-10-31 NI656544 uk-bus:Director2 2023-11-01 2024-10-31 NI656544 uk-bus:RegisteredOffice 2023-11-01 2024-10-31 NI656544 uk-bus:Agent1 2023-11-01 2024-10-31 NI656544 uk-core:ShareCapital 2024-10-31 NI656544 uk-core:ShareCapital 2023-10-31 NI656544 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI656544 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI656544 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI656544 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI656544 uk-bus:FRS102 2023-11-01 2024-10-31 NI656544 uk-core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 NI656544 uk-core:WithinOneYear 2024-10-31 NI656544 uk-core:WithinOneYear 2023-10-31 NI656544 uk-core:WithinOneYear 2024-10-31 NI656544 uk-core:WithinOneYear 2023-10-31 NI656544 uk-core:AfterOneYear 2024-10-31 NI656544 uk-core:AfterOneYear 2023-10-31 NI656544 uk-core:AfterOneYear 2024-10-31 NI656544 uk-core:AfterOneYear 2023-10-31 NI656544 uk-core:BetweenOneTwoYears 2024-10-31 NI656544 uk-core:BetweenOneTwoYears 2023-10-31 NI656544 uk-core:BetweenTwoFiveYears 2024-10-31 NI656544 uk-core:BetweenTwoFiveYears 2023-10-31 NI656544 uk-core:EmployeeBenefits 2023-10-31 NI656544 uk-core:EmployeeBenefits 2023-11-01 2024-10-31 NI656544 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 NI656544 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-10-31 NI656544 uk-core:OtherDeferredTax 2024-10-31 NI656544 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-10-31 NI656544 uk-core:EmployeeBenefits 2024-10-31 NI656544 2023-11-01 2024-10-31 NI656544 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI656544
 
 
Rock Holdings Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 October 2024
Rock Holdings Limited
Directors and Other Information

 
Directors Mr. David Hutchinson
Mr. Andrew Hutchinson
 
 
Company Registration Number NI656544
 
 
Registered Office 12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Business Address 102 Bushmills Road
Coleraine
Co. Londonderry
BT52 2BT
Northern Ireland
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Danske Bank
  Donegall Square West
  Belfast
 
   
Solicitors Millar McCall Wylie
  Eastleigh House
  396 Upper Newtownards Road
  Belfast
  Co. Antrim
  BT4 3 EY



Rock Holdings Limited
Company Registration Number: NI656544
Balance Sheet
as at 31 October 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 2,277,270 2,315,291
───────── ─────────
 
Current Assets
Debtors 5 18,500 19,300
Cash and cash equivalents 134,374 200,261
───────── ─────────
152,874 219,561
───────── ─────────
Creditors: amounts falling due within one year 6 (296,414) (305,285)
───────── ─────────
Net Current Liabilities (143,540) (85,724)
───────── ─────────
Total Assets less Current Liabilities 2,133,730 2,229,567
 
Creditors:
amounts falling due after more than one year 7 (1,799,507) (1,933,878)
 
Provisions for liabilities 9 (11,445) (1,812)
───────── ─────────
Net Assets 322,778 293,877
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 322,678 293,777
───────── ─────────
Equity attributable to owners of the company 322,778 293,877
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 25 July 2025 and signed on its behalf by
           
           
________________________________          
Mr. David Hutchinson          
Director          
           



Rock Holdings Limited
Notes to the Financial Statements
for the financial year ended 31 October 2024

   
1. General Information
 
Rock Holdings Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 12 Cromac Place, Belfast, Co. Antrim, BT7 2JB, Northern Ireland. The principal activity of the company is investing in commercial property. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 October 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises rents receivable net of value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
the company and the party are subject to common control;
the party is an associate of the company or forms part of a joint venture with the company;
the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals.
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Directors 2 2
  ═════════ ═════════
         
4. Tangible assets
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 November 2023 2,106,904 290,945 2,397,849
Additions 4,000 1,907 5,907
  ───────── ───────── ─────────
At 31 October 2024 2,110,904 292,852 2,403,756
  ───────── ───────── ─────────
Depreciation
At 1 November 2023 - 82,558 82,558
Charge for the financial year - 43,928 43,928
  ───────── ───────── ─────────
At 31 October 2024 - 126,486 126,486
  ───────── ───────── ─────────
Net book value
At 31 October 2024 2,110,904 166,366 2,277,270
  ═════════ ═════════ ═════════
At 31 October 2023 2,106,904 208,387 2,315,291
  ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 18,500 19,300
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 34,266 37,912
Amounts owed to connected parties (Note 11) 250,000 250,000
Taxation  (Note 8) 5,280 6,423
Accruals 6,868 10,950
  ───────── ─────────
  296,414 305,285
  ═════════ ═════════
 
The bank loan is secured by a charge over the company's property.
 
The loan from directors in the previous year was unsecured and interest free.
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 174,406 200,881
Amounts owed to connected parties (Note 11) 1,625,101 1,732,997
  ───────── ─────────
  1,799,507 1,933,878
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 34,266 37,912
Repayable between one and two years 34,266 39,379
Repayable between two and five years 140,140 161,502
  ───────── ─────────
  208,672 238,793
  ═════════ ═════════
 
 
The bank loan is secured by a fixed charge over the company's property.
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 5,280 6,423
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 44,082 (42,270) 1,812 (1,955)
Charged to profit and loss (9,063) 18,696 9,633 3,767
  ───────── ───────── ───────── ─────────
At financial year end 35,019 (23,574) 11,445 1,812
  ═════════ ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2024.
           
11. Related party transactions
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
CP Hire Limited - repayable within 12 months     250,000 250,000
Amounts falling due after more than one year     1,625,101 1,732,997
      ───────── ─────────
      1,875,101 1,982,997
      ═════════ ═════════
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
13. Related party note
 
During the year, Rock Holdings Limited repaid £107,896 (2023: £329,356) to CP Hire Limited, a company whose directors include Mr David and Andrew Hutchinson, who are also directors of Rock Holdings Limited. The balance owing at the year end to CP Hire Limited is of £1,875,101 (2023: £1,982,997)  - of which £250,000 is repayable within one year- includes interest charged on the advance of £109,772 (2023: £122,842).