0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 63,564 63,564 31,783 6,357 38,140 31,781 xbrli:pure xbrli:shares iso4217:GBP 10028945 2024-02-01 2024-12-31 10028945 2024-12-31 10028945 2024-01-31 10028945 2023-01-01 2024-01-31 10028945 2024-01-31 10028945 2022-12-31 10028945 core:PatentsTrademarksLicencesConcessionsSimilar 2024-02-01 2024-12-31 10028945 core:FurnitureFittings 2024-02-01 2024-12-31 10028945 bus:Director1 2024-02-01 2024-12-31 10028945 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 10028945 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 10028945 core:FurnitureFittings 2024-01-31 10028945 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 10028945 core:WithinOneYear 2024-12-31 10028945 core:WithinOneYear 2024-01-31 10028945 core:AfterOneYear 2024-12-31 10028945 core:AfterOneYear 2024-01-31 10028945 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-01 2024-12-31 10028945 core:ShareCapital 2024-12-31 10028945 core:ShareCapital 2024-01-31 10028945 core:CapitalRedemptionReserve 2024-12-31 10028945 core:CapitalRedemptionReserve 2024-01-31 10028945 core:OtherReservesSubtotal 2024-12-31 10028945 core:OtherReservesSubtotal 2024-01-31 10028945 core:RetainedEarningsAccumulatedLosses 2024-12-31 10028945 core:RetainedEarningsAccumulatedLosses 2024-01-31 10028945 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 10028945 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 10028945 bus:SmallEntities 2024-02-01 2024-12-31 10028945 bus:AuditExemptWithAccountantsReport 2024-02-01 2024-12-31 10028945 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-12-31 10028945 bus:PrivateLimitedCompanyLtd 2024-02-01 2024-12-31 10028945 bus:FullAccounts 2024-02-01 2024-12-31 10028945 core:OfficeEquipment 2024-02-01 2024-12-31 10028945 core:OfficeEquipment 2024-01-31 10028945 core:AllAssociates 2024-02-01 2024-12-31
COMPANY REGISTRATION NUMBER: 10028945

Rooms That Rock Ltd

Filleted Unaudited Financial Statements

31 December 2024

Rooms That Rock Ltd

Financial Statements

Period from 1 February 2024 to 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Rooms That Rock Ltd

Statement of Financial Position

31 December 2024

| 31 Dec 24 | 31 Jan 24
Note | £ | £

Fixed assets

Intangible assets | 5 | – | 31,781
Tangible assets | 6 | 1,620,000 | 1,460,607
| ------------ | ------------
| 1,620,000 | 1,492,388

Current assets

Debtors | 7 | 5,119 | 80,687
Cash at bank and in hand | 6,411 | 24,709
| -------- | ---------
| 11,530 | 105,396

Creditors: amounts falling due within one year | 8 | 2,508 | 73,741
| -------- | ---------
Net current assets | 9,022 | 31,655
| ------------ | ------------
Total assets less current liabilities | 1,629,022 | 1,524,043

Creditors: amounts falling due after more than one year | 9 | 877,872 | 885,866

Provisions

Taxation including deferred tax | 92,776 | 40,205
| ------------ | ------------
Net assets | 658,374 | 597,972
| ------------ | ------------

Capital and reserves

Called up share capital | 336 | 336
Capital redemption reserve | 64 | 64
Non-distributable reserves | 278,328 | 211,711
Profit and loss account | 379,646 | 385,861
| --------- | ---------
Shareholders funds | 658,374 | 597,972
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Rooms That Rock Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr D C Granat |
Director |

Company registration number: 10028945

Rooms That Rock Ltd

Notes to the Financial Statements

Period from 1 February 2024 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5b Lower Farm Barns Bainton Road, Bucknell, Bicester, Oxfordshire, OX27 7LT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Patents, trademarks and licences | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% straight line
| Equipment | - | 25% straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 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. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2).
5. Intangible assets

| Patents, trademarks and licences
| £
Cost |
At 1 February 2024 | 63,564
Additions | –
Disposals | ( 63,564)
| --------
At 31 December 2024 | –
| --------
Amortisation |
At 1 February 2024 | 31,783
Charge for the period | 6,357
Disposals | ( 38,140)
| --------
At 31 December 2024 | –
| --------
Carrying amount |
At 31 December 2024 | –
| --------
At 31 January 2024 | 31,781
| --------

6. Tangible assets

| Investment property | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £
Cost or valuation |  |  |  |
At 1 February 2024 | 1,460,607 | 28,402 | 1,921 | 1,490,930
Disposals | – | ( 28,402) | ( 1,921) | ( 30,323)
Revaluations | 159,393 | – | – | 159,393
| ------------ | -------- | ------- | ------------
At 31 December 2024 | 1,620,000 | – | – | 1,620,000
| ------------ | -------- | ------- | ------------
Depreciation |  |  |  |
At 1 February 2024 | – | 28,402 | 1,921 | 30,323
Disposals | – | ( 28,402) | ( 1,921) | ( 30,323)
| ------------ | -------- | ------- | ------------
At 31 December 2024 | – | – | – | –
| ------------ | -------- | ------- | ------------
Carrying amount |  |  |  |
At 31 December 2024 | 1,620,000 | – | – | 1,620,000
| ------------ | -------- | ------- | ------------
At 31 January 2024 | 1,460,607 | – | – | 1,460,607
| ------------ | -------- | ------- | ------------

The historical cost of the investment property was £1,248,897.
7. Debtors

| 31 Dec 24 | 31 Jan 24
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | – | 66,863
Other debtors | 5,119 | 13,824
| ------- | --------
| 5,119 | 80,687
| ------- | --------

8. Creditors: amounts falling due within one year

| 31 Dec 24 | 31 Jan 24
| £ | £
Bank loans and overdrafts | – | 6,370
Amounts owed to group undertakings and undertakings in which the company has a participating interest | – | 65,265
Corporation tax | – | 207
Other creditors | 2,508 | 1,899
| ------- | --------
| 2,508 | 73,741
| ------- | --------

9. Creditors: amounts falling due after more than one year

| 31 Dec 24 | 31 Jan 24
| £ | £
Bank loans and overdrafts | 877,872 | 885,866
| --------- | ---------

10. Related party transactions
At the year end, the company owed £8 to a company related by common control.
11. Controlling party
With effect from 30 October 2024, the company's immediate parent is Spur Capital Ltd a company incorporated in England and Wales whose registered office is at 5b Lower Farm Barns, Bainton Road, Bucknell, Bicester, Oxfordshire, OX27 7LT .