Acorah Software Products - Accounts Production 16.4.675 false true true false 10 November 2023 31 March 2025 31 March 2025 15275422 Mr Matthew Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15275422 2023-11-09 15275422 2025-03-31 15275422 2023-11-10 2025-03-31 15275422 frs-core:CurrentFinancialInstruments 2025-03-31 15275422 frs-core:ShareCapital 2025-03-31 15275422 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15275422 frs-bus:PrivateLimitedCompanyLtd 2023-11-10 2025-03-31 15275422 frs-bus:FilletedAccounts 2023-11-10 2025-03-31 15275422 frs-bus:SmallEntities 2023-11-10 2025-03-31 15275422 frs-bus:AuditExempt-NoAccountantsReport 2023-11-10 2025-03-31 15275422 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-10 2025-03-31 15275422 frs-bus:Director1 2023-11-10 2025-03-31 15275422 frs-countries:EnglandWales 2023-11-10 2025-03-31
Registered number: 15275422
Roots Coliving Ltd
Unaudited Financial Statements
For the Period 10 November 2023 to 31 March 2025
Merranti Accounting Ltd
10 Scandia Hus Business Park Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15275422
31 March 2025
Notes £ £
FIXED ASSETS
Investment Properties 4 438,487
438,487
CURRENT ASSETS
Debtors 5 69,435
Cash at bank and in hand 1,186
70,621
Creditors: Amounts Falling Due Within One Year 6 (573,102 )
NET CURRENT ASSETS (LIABILITIES) (502,481 )
TOTAL ASSETS LESS CURRENT LIABILITIES (63,994 )
NET LIABILITIES (63,994 )
CAPITAL AND RESERVES
Called up share capital 7 1,000
Profit and Loss Account (64,994 )
SHAREHOLDERS' FUNDS (63,994)
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Baker
Director
6 August 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Roots Coliving Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15275422 . The registered office is 15 Grafton Road, Worthing, West Sussex, BN11 1QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
31 March 2025
£
Fair Value
As at 10 November 2023 and 31 March 2025 438,487
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Debtors
31 March 2025
£
Due within one year
Other debtors 69,435
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Other loans 491,807
Other creditors 81,295
573,102
Creditors include a secured loan of £491,807, which is secured by way of a legal charge over the company’s investment property. The loan is subject to a formal agreement and registered charge at Companies House.
Page 2
Page 3
7. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 1,000
8. Related Party Transactions
During the year, net advances of £51,730 were made to companies related due to common shareholders. At the balance sheet date, the total amount due to Roots Coliving Ltd was £51,730. The loans are unsecured, payable upon demand and bear no interest.
During the year, net advances of £250 were made to undertakings which hold a participating interest in the company. At the balance sheet date, the total amount due to Roots Coliving Ltd was £250. The loans are unsecured, payable upon demand and bear no interest.
Page 3