Company registration number 00335087 (England and Wales)
RODOL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
RODOL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
RODOL LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
129,447
156,474
Investments
5
4,330,089
4,940,918
4,459,536
5,097,392
Current assets
Stocks
102,609
129,293
Debtors
6
485,561
534,728
Cash at bank and in hand
1,339,519
1,818,651
1,927,689
2,482,672
Creditors: amounts falling due within one year
7
(212,568)
(227,949)
Net current assets
1,715,121
2,254,723
Total assets less current liabilities
6,174,657
7,352,115
Provisions for liabilities
(254,821)
(194,919)
Net assets
5,919,836
7,157,196
Capital and reserves
Called up share capital
10
25,720
25,720
Revaluation reserve
881,453
806,165
Capital redemption reserve
16,280
16,280
Profit and loss reserves
4,996,383
6,309,031
Total equity
5,919,836
7,157,196

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RODOL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 July 2025 and are signed on its behalf by:
R K B Robinson
Director
Company Registration No. 00335087
RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Rodol Limited is a private company limited by shares incorporated in England and Wales. The registered office is Richmond Row, Liverpool, L3 3BP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
2% on cost
Plant and machinery
10% on cost
Fixtures, fittings & equipment
10% - 33% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account. The date of the last valuation was 31 January 2017.

1.4
Fixed asset investments

Fixed asset investments as stated are listed on a recognised stock exchange and are stated at market value The market value is based on the closing middle market price.

RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

If relevant, termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The company operates a defined benefit scheme for qualifying employees. Under the scheme the employees are entitled to retirement benefits based on final pensionable pay. Following a consultation process a Deed of Termination of Benefit Accrual was executed on 28 June 2024. As a result, from 30 April 2024, the Plan was closed to new members, members ceased to accrue future benefit accrual and all active members became deferred members. Consequently, all normal employee and employer contributions ceased from 30 April 2024.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
25
23
RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
4
Tangible fixed assets
Land and buildings freehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 1 February 2024
380,000
45,806
65,299
18,750
509,855
Disposals
-
0
-
0
-
0
(18,750)
(18,750)
At 31 January 2025
380,000
45,806
65,299
-
0
491,105
Depreciation and impairment
At 1 February 2024
241,792
45,805
64,534
1,250
353,381
Depreciation charged in the year
8,774
-
0
753
200
9,727
Eliminated in respect of disposals
-
0
-
0
-
0
(1,450)
(1,450)
At 31 January 2025
250,566
45,805
65,287
-
0
361,658
Carrying amount
At 31 January 2025
129,434
1
12
-
0
129,447
At 31 January 2024
138,208
1
765
17,500
156,474

Land and buildings with a valuation of £380,000 were revalued as at 31 January 2017 by Hitchcock Wright & Partners, independent valuers not connected with the company, on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

If land and buildings were measured using the cost model, the carrying amounts would have been as follows:

Freehold Property
2025
2024
£
£
Cost
148,451
148,451
Accumulated depreciation
(103,915)
(100,946)
Carrying value
44,536
47,505
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
4,330,089
4,940,918
Fixed asset investments revalued

The fixed asset investments are listed on a recognised stock exchange and are stated at market value. The cost at the year end was £3,285,152 (2024 £4,037,439).

 

 

RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
5
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 February 2024
4,940,918
Additions
274,069
Revaluations
305,577
Disposals
(1,190,475)
At 31 January 2025
4,330,089
Carrying amount
At 31 January 2025
4,330,089
At 31 January 2024
4,940,918
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
211,002
286,661
Other debtors
65,732
82,125
276,734
368,786
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
208,827
165,942
Total debtors
485,561
534,728
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,957
30,085
Taxation and social security
66,101
48,332
Other creditors
117,510
149,532
212,568
227,949
RODOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
8
Retirement defined contribution benefit scheme
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
365,018
7,621

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

9
Retirement defined benefit scheme

The company operates a defined benefit scheme for qualifying employees. Under the scheme the employees are entitled to retirement benefits based on final pensionable pay.

 

The employer contributions paid during the year were £14,301 (2024 £63,575).

 

The most recent actuarial valuation of plan assets and liabilities was carried out as at 31 January 2022 by Jason Knight of Mercer Limited, who is a Fellow of the Institute of Actuaries. The valuation of the scheme's assets, as at 31 January 2022 was £10,489,000. At the same date the valuation of the scheme's liabilities was £9,672,000 resulting in a scheme surplus of £817,000. The valuation report was dated 28 July 2023.

 

A report of the pension scheme's assets and liabilities has not been prepared as at 31 January 2025, however, it is anticipated that the funding level as at 31 July 2025 (the next triennial valuation date) will be approximately 111%.

 

The scheme surplus has not been recognised in the accounts as it is unlikely that the company will benefit from refunds from the pension scheme in the future.

 

Following a consultation process a Deed of Termination of Benefit Accrual was executed on 28 June 2024. As a result, from 30 April 2024, the Plan was closed to new members, members ceased to accrue future benefit accrual and all active members became deferred members. Consequently, all normal employee and employer contributions ceased from 30 April 2024.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary shares of £1 each
25,720
25,720
25,720
25,720
11
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
6,923
14,476
2025-01-312024-02-01falsefalsefalse31 July 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityR K B RobinsonMrs D J RobinsonG B RobinsonMrs D J Robinson2025-07-31003350872024-02-012025-01-31003350872025-01-31003350872024-01-3100335087core:LandBuildingscore:OwnedOrFreeholdAssets2025-01-3100335087core:PlantMachinery2025-01-3100335087core:FurnitureFittings2025-01-3100335087core:MotorVehicles2025-01-3100335087core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-3100335087core:PlantMachinery2024-01-3100335087core:FurnitureFittings2024-01-3100335087core:MotorVehicles2024-01-3100335087core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3100335087core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3100335087core:CurrentFinancialInstruments2025-01-3100335087core:CurrentFinancialInstruments2024-01-3100335087core:ShareCapital2025-01-3100335087core:ShareCapital2024-01-3100335087core:RevaluationReserve2025-01-3100335087core:RevaluationReserve2024-01-3100335087core:CapitalRedemptionReserve2025-01-3100335087core:CapitalRedemptionReserve2024-01-3100335087core:RetainedEarningsAccumulatedLosses2025-01-3100335087core:RetainedEarningsAccumulatedLosses2024-01-3100335087core:ShareCapitalOrdinaryShareClass12025-01-3100335087core:ShareCapitalOrdinaryShareClass12024-01-3100335087bus:Director12024-02-012025-01-3100335087core:LandBuildingscore:OwnedOrFreeholdAssets2024-02-012025-01-3100335087core:PlantMachinery2024-02-012025-01-3100335087core:FurnitureFittings2024-02-012025-01-3100335087core:MotorVehicles2024-02-012025-01-31003350872023-02-012024-01-3100335087core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-3100335087core:PlantMachinery2024-01-3100335087core:FurnitureFittings2024-01-3100335087core:MotorVehicles2024-01-31003350872024-01-3100335087core:WithinOneYear2025-01-3100335087core:WithinOneYear2024-01-3100335087core:AfterOneYear2025-01-3100335087core:AfterOneYear2024-01-3100335087bus:OrdinaryShareClass12024-02-012025-01-3100335087bus:OrdinaryShareClass12025-01-3100335087bus:OrdinaryShareClass12024-01-3100335087bus:PrivateLimitedCompanyLtd2024-02-012025-01-3100335087bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3100335087bus:FRS1022024-02-012025-01-3100335087bus:AuditExemptWithAccountantsReport2024-02-012025-01-3100335087bus:Director22024-02-012025-01-3100335087bus:Director32024-02-012025-01-3100335087bus:CompanySecretary12024-02-012025-01-3100335087bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP