Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30truetrue2023-12-01falseBuying and Selling of own real estate33truetruefalse 09932213 2023-12-01 2024-11-30 09932213 2022-12-01 2023-11-30 09932213 2024-11-30 09932213 2023-11-30 09932213 2022-12-01 09932213 2 2023-12-01 2024-11-30 09932213 d:Director1 2023-12-01 2024-11-30 09932213 e:FreeholdInvestmentProperty 2023-12-01 2024-11-30 09932213 e:FreeholdInvestmentProperty 2024-11-30 09932213 e:FreeholdInvestmentProperty 2023-11-30 09932213 e:FreeholdInvestmentProperty 2 2023-12-01 2024-11-30 09932213 e:CurrentFinancialInstruments 2024-11-30 09932213 e:CurrentFinancialInstruments 2023-11-30 09932213 e:Non-currentFinancialInstruments 2024-11-30 09932213 e:Non-currentFinancialInstruments 2023-11-30 09932213 e:CurrentFinancialInstruments e:WithinOneYear 2024-11-30 09932213 e:CurrentFinancialInstruments e:WithinOneYear 2023-11-30 09932213 e:Non-currentFinancialInstruments e:AfterOneYear 2024-11-30 09932213 e:Non-currentFinancialInstruments e:AfterOneYear 2023-11-30 09932213 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-11-30 09932213 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-11-30 09932213 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-11-30 09932213 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-11-30 09932213 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-11-30 09932213 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-11-30 09932213 e:ShareCapital 2023-12-01 2024-11-30 09932213 e:ShareCapital 2024-11-30 09932213 e:ShareCapital 2022-12-01 2023-11-30 09932213 e:ShareCapital 2023-11-30 09932213 e:ShareCapital 2022-12-01 09932213 e:SharePremium 2023-12-01 2024-11-30 09932213 e:SharePremium 2024-11-30 09932213 e:SharePremium 2 2023-12-01 2024-11-30 09932213 e:SharePremium 2022-12-01 2023-11-30 09932213 e:SharePremium 2023-11-30 09932213 e:SharePremium 2022-12-01 09932213 e:InvestmentPropertiesRevaluationReserve 2023-12-01 2024-11-30 09932213 e:InvestmentPropertiesRevaluationReserve 2024-11-30 09932213 e:InvestmentPropertiesRevaluationReserve 2 2023-12-01 2024-11-30 09932213 e:InvestmentPropertiesRevaluationReserve 2022-12-01 2023-11-30 09932213 e:InvestmentPropertiesRevaluationReserve 2023-11-30 09932213 e:InvestmentPropertiesRevaluationReserve 2022-12-01 09932213 e:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 09932213 e:RetainedEarningsAccumulatedLosses 2024-11-30 09932213 e:RetainedEarningsAccumulatedLosses 2 2023-12-01 2024-11-30 09932213 e:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 09932213 e:RetainedEarningsAccumulatedLosses 2023-11-30 09932213 e:RetainedEarningsAccumulatedLosses 2022-12-01 09932213 e:AcceleratedTaxDepreciationDeferredTax 2024-11-30 09932213 e:AcceleratedTaxDepreciationDeferredTax 2023-11-30 09932213 d:FRS102 2023-12-01 2024-11-30 09932213 d:Audited 2023-12-01 2024-11-30 09932213 d:FullAccounts 2023-12-01 2024-11-30 09932213 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09932213 d:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09932213 e:ShareCapital 2 2023-12-01 2024-11-30 09932213 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 09932213









ROLLCO PROPERTIES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
ROLLCO PROPERTIES LIMITED
REGISTERED NUMBER: 09932213

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
8,213,002
7,003,002

  
8,213,002
7,003,002

Current assets
  

Debtors: amounts falling due within one year
 6 
526,471
670,947

Cash at bank and in hand
 7 
733
209

  
527,204
671,156

Creditors: amounts falling due within one year
 8 
(591,215)
(1,003,357)

Net current liabilities
  
 
 
(64,011)
 
 
(332,201)

Total assets less current liabilities
  
8,148,991
6,670,801

Creditors: amounts falling due after more than one year
 9 
(3,512,448)
(2,826,139)

Provisions for liabilities
  

Deferred tax
 11 
(589,501)
(495,091)

  
 
 
(589,501)
 
 
(495,091)

Net assets
  
4,047,042
3,349,571


Capital and reserves
  

Called up share capital 
  
77
77

Share premium account
 12 
19,887
19,887

Investment property reserve
 12 
1,768,501
1,485,272

Profit and loss account
 12 
2,258,577
1,844,335

  
4,047,042
3,349,571

Page 1

 
ROLLCO PROPERTIES LIMITED
REGISTERED NUMBER: 09932213
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2025.




G Malhotra
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
ROLLCO PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024


Called up share capital
Share premium account
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 December 2023
77
19,887
1,485,272
1,844,335
3,349,571


Comprehensive income for the year

Profit for the year
-
-
-
697,471
697,471
Total comprehensive income for the year
-
-
-
697,471
697,471

Property revaluation
-
-
283,229
(283,229)
-


At 30 November 2024
77
19,887
1,768,501
2,258,577
4,047,042



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Share premium account
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 December 2022
77
19,887
1,485,272
1,578,412
3,083,648


Comprehensive income for the year

Profit for the year
-
-
-
275,923
275,923
Total comprehensive income for the year
-
-
-
275,923
275,923


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(10,000)
(10,000)


At 30 November 2023
77
19,887
1,485,272
1,844,335
3,349,571


The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Rollco Properties Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 09932213. The address of the registered office is 22/25 Paycooke Road, Basildon, Essex, United Kingdom, SS14 3DR. The nature of the company's operations and principal activities relate to the provision of rental properties. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest pound sterling.

The following principal accounting policies have been applied:

  
2.2

Revenue recognition

Turnover comprises of revenue recognised by the company in respect of rent invoiced, exclusive of Value Added Tax.
Rental income is recognised for the period for which it is payable. 

 
2.3

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Rollco Group Holdings Limited as at 30 November 2024 and these financial statements may be obtained from Companies House.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
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, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.
The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
7,003,002


Additions at cost
832,361


Surplus on revaluation
377,639



At 30 November 2024
8,213,002

The 2024 valuations were made by Fenn Wright, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
5,855,000
5,022,639

5,855,000
5,022,639


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
526,471
656,885

Prepayments and accrued income
-
14,062

526,471
670,947



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
733
209

733
209


Page 7

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
332,045
193,974

Amounts owed to group undertakings
10,000
660,000

Corporation tax
138,034
82,470

Other taxation and social security
44,443
20,286

Accruals and deferred income
66,693
46,627

591,215
1,003,357


The company has a bank loan which is secured on the freehold investment property of the company. It has a fixed and floating charge placed on the property and on all the assets of the company, and also a third party guarantee amounting to £2,016,232.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,310,980
1,518,721

Other creditors
1,201,468
1,307,418

3,512,448
2,826,139



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
332,045
193,974

Amounts falling due 1-2 years

Bank loans
387,316
193,974

Amounts falling due 2-5 years

Bank loans
1,162,812
581,923

Amounts falling due after more than 5 years

Bank loans
760,852
742,823

2,643,025
1,712,694


Page 8

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
(495,091)


Charged to profit or loss
(94,410)



At end of year
(589,501)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements
(589,501)
(495,091)

(589,501)
(495,091)


The net reversal of deferred tax liabilities expected to be reversed in the next year is £nil. (2023: £nil). 


12.


Reserves

Share premium account

The share premium account represents the premium arising on the issue of shares net of issue costs.

Investment property revaluation reserve

The investment property revaluation reserve represents cumulative effects of fair value adjustments net of deferred tax and other adjustments.

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Page 9

 
ROLLCO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

13.


Related party transactions

The Company has taken advantage of the exemptions conferred in FRS102 Section 33 not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.
During the year the following transactions occurred and balances were due from/(to) other related parties:


2024
2023
£
£

Key management personnel
(1,201,467)
(1,307,418)
(1,201,467)
(1,307,418)


14.


Controlling party

The ultimate parent company is  Rollco Group Holdings Limited, a company registered in England and Wales.
The ultimate controlling party is S K Malhotra by virtue of his shareholding in the parent company. 

15.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 29 August 2025 by Thomas Rogers BA ACA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 10