Registered number
14596204
ROD INVESTMENTS LTD
Filleted Accounts
31 January 2025
ROD INVESTMENTS LTD
Registered number: 14596204
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Investment properties 3 - 281,679
Other investments 4 100 -
100 281,679
Current assets
Debtors 5 535,044 -
Cash at bank and in hand 38,239 27,828
573,283 27,828
Creditors: amounts falling due within one year 6 (563,604) (303,740)
Net current assets/(liabilities) 9,679 (275,912)
Net assets 9,779 5,767
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,679 5,667
Shareholder's funds 9,779 5,767
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Porterfield
Director
Approved by the board on 2 September 2025
ROD INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the rendering of services and rent receivable. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment and furniture 25% on reducing balance
Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to fair value reserve.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Investment property Total
£
Fair value
At 1 February 2024 281,679
Additions -
Revaluations -
Disposals (281,679)
At 31 January 2025 -
Net book value
At 31 January 2025 -
At 31 January 2024 281,679
The properties have been valued at the balance sheet date by the director, who believes the carrying values to be their fair values. There has been no valuation of investment property by an independent valuer.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 100
At 31 January 2025 100
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company Country Shares held Class %
The Swan HMT Ltd UK Ordinary 100
5 Debtors 2025 2024
£ £
Amounts owed by related undertakings 535,044 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Director's loan account 524 212
Corporation tax payable 1,881 1,329
Amounts owed to related undertakings 560,059 301,059
Accrued expenses 1,140 1,140
563,604 303,740
7 Related party transactions
Included within the creditors is an amount of £560,059 owed to R.O.D. Draintech Limited, a related company in which Mr M Porterfield is a director and shareholder.
Included within the debtors is an amount of £535,044 owed from The Swan HMT Ltd, a wholly owned subsidiary of ROD Investments Ltd.
8 Controlling party
The company is controlled by Mr M Porterfield. His control comes by virtue of directorship, shareholding and day to day running of the business.
9 Other information
ROD INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
The Stables
Marsh Gibbon Road
Grendon Underwood
HP18 0TA
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