Company No: 02358272 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	4	3,343,925		3,343,925
		3,343,925		3,343,925
Current assets
Stocks		710,853		710,853
Debtors	5	72,788		55,829
Cash at bank and in hand		372,943		869,315
		1,156,584		1,635,997
Creditors: amounts falling due within one year	6	( 131,064)		( 398,320)
Net current assets		1,025,520		1,237,677
Total assets less current liabilities		4,369,445		4,581,602
Provision for liabilities		( 164,000)		( 164,000)
Net assets		4,205,445		4,417,602
Capital and reserves
Called-up share capital	7	201,500		201,500
Share premium account		1,312,200		1,312,200
Profit and loss account	8	2,691,745		2,903,902
Total shareholder's funds		4,205,445		4,417,602

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of C J L Rogers Properties Limited (registered number: 02358272) were approved and authorised for issue by the Board of Directors on 30 July 2025. They were signed on its behalf by:

A C Pike Director

B S Rogers Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C J L Rogers Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Netherway, West Charleton, Kingsbridge, TQ7 2AL, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rental income and income from the sale of property excluding Value Added Tax. Rental income is accounted for in the period to which it relates. Income from the sale of property is accounted for when there is an unconditional exchange of contracts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Office equipment

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment properties are included at the directors' estimation of their open market value at each balance sheet date. Valuation are determined by a combination of techniques including reference to recent sales of similar properties, and known yields for similar properties within the same location.

Fair value movements on investment properties are recognised in the profit and loss account under the heading other operating income.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	884		884
At 31 March 2025	884		884
Accumulated depreciation
At 01 April 2024	884		884
At 31 March 2025	884		884
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	3,343,925
As at 31 March 2025	3,343,925

Valuation

The investment properties class of fixed assets was valued on 31 March 2024 by Day and Bell Property Agents. The basis of this valuation was current market value. The class of assets has a current value of £3,343,925 (2024: £3,343,925) and a carrying amount of historical cost of £2,207,536 (2024: £2,207,536). There has been no depreciation charged on the historical cost.

5. Debtors

	2025		2024
	£		£
Trade debtors	28,254		18,980
Prepayments	0		1,200
Other debtors	44,534		35,649
	72,788		55,829

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	0		185,537
Trade creditors	42,766		22,686
Amounts owed to directors	428		428
Accruals	8,241		92,252
Taxation and social security	47,512		71,518
Other creditors	32,117		25,899
	131,064		398,320

Bank loans are secured on investment properties held by the company.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
201,500 Ordinary shares of £ 1.00 each	201,500		201,500

8. Distributable reserves

Included within the profit and loss reserve of £2,691,745 (2024: £2,901,588) is £972,389 (2024: £972,389) of non-distributable revaluation gains on investment property.