REGISTERED NUMBER: SC547007 (Scotland)

Rocc Holdings Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

Ms M Carey

M Pirrie

J M Pirrie

Registered office:

221 West George Street

Glasgow

G2 2ND

Registered number:

SC547007 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

1,647,124

1,681,538

Investments

5

10,225

101

Investment property

6

2,750,624

3,450,624

4,407,973

5,132,263

Current assets

Debtors

7

1,442,310

531,292

Cash at bank

294,789

22,490

1,737,099

553,782

Creditors

Amounts falling due within one year

8

4,915,715

4,526,713

Net current liabilities

(3,178,616

)

(3,972,931

)

Total assets less current liabilities

1,229,357

1,159,332

Provisions for liabilities

293,060

258,233

Net assets

936,297

901,099

Capital and reserves

Called up share capital

500

500

Non-distributable reserve

9

841,584

729,782

Retained earnings

94,213

170,817

936,297

901,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2025 and were signed on its behalf by:

J M Pirrie - Director

1.	Statutory information

Rocc Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Rocc Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of rental income invoiced during the year.

Turnover arising from the provision of property rental is recognised as the right to consideration is earned

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold land and buildings

-

at varying rates on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, other debtors, trade creditors, other creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors, other debtors, trade creditors, other creditors, accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4.	Tangible fixed assets

Freehold

Fixtures

land and

Plant and

and

Motor

buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1st January 2024

1,654,776

18,870

19,792

35,384

1,728,822

Disposals

(4,926

)

-

-

-

(4,926

)

At 31st December 2024

1,649,850

18,870

19,792

35,384

1,723,896

Depreciation

At 1st January 2024

33,125

2,062

2,544

9,553

47,284

Charge for year

19,727

1,887

1,505

6,369

29,488

At 31st December 2024

52,852

3,949

4,049

15,922

76,772

Net book value

At 31st December 2024

1,596,998

14,921

15,743

19,462

1,647,124

At 31st December 2023

1,621,651

16,808

17,248

25,831

1,681,538

5.	Fixed asset investments

Other

investments

£

Cost

At 1st January 2024

101

Additions

10,124

At 31st December 2024

10,225

Net book value

At 31st December 2024

10,225

At 31st December 2023

101

6.	Investment property

Total

£

Fair value

At 1st January 2024

3,450,624

Disposals

(700,000

)

At 31st December 2024

2,750,624

Net book value

At 31st December 2024

2,750,624

At 31st December 2023

3,450,624

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

15,801

48,293

Other debtors

1,426,509

482,999

1,442,310

531,292

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

(753

)

24,091

Taxation and social security

191,069

17,616

Other creditors

4,725,399

4,485,006

4,915,715

4,526,713

9.

Reserves

Non-distributable

reserve

£

At 1st January 2024

729,782

Movement

111,802

At 31st December 2024

841,584

10.	Related party transactions

Included within other payables are amounts of £2,304,099 (2023 - £2,320,099) and £1,979,226 (2023 - £1,718,000) owed to the directors J M Pirrie and M Carey respectively. Also included within other payables is an amount of £420,000 (2023 - £420,000) owed to close family members of the directors. These loans are interest free and have no fixed repayment terms.

During the year M Pirrie, a director in the company, purchased land from Rocc Holdings Limited. The transaction was carried out at arms length.

During the year management charges totalling £2,080 were charged from Nevis Capital LLP to the company.