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Registered number: 08743082
Red Rock (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
THB LLP
1&2 Studley Court Mews
Studley Court
Guildford Road
Chobham, Surrey
GU24 8EB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08743082
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,500 10,500
Tangible Assets 5 52,883 62,215
63,383 72,715
CURRENT ASSETS
Stocks 6 2,056,761 1,996,728
Debtors 7 176,034 279,109
Cash at bank and in hand 1,464,516 1,022,280
3,697,311 3,298,117
Creditors: Amounts Falling Due Within One Year 8 (647,242 ) (668,369 )
NET CURRENT ASSETS (LIABILITIES) 3,050,069 2,629,748
TOTAL ASSETS LESS CURRENT LIABILITIES 3,113,452 2,702,463
NET ASSETS 3,113,452 2,702,463
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 3,113,450 2,702,461
SHAREHOLDERS' FUNDS 3,113,452 2,702,463
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hugo Corder
Director
17/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Red Rock (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08743082 . The registered office is 17 Chantry View Road, Guildford, GU1 3XW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 10,500
As at 31 December 2024 10,500
Net Book Value
As at 31 December 2024 10,500
As at 1 January 2024 10,500
Page 2
Page 3
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 10,132 100,000 110,132
As at 31 December 2024 10,132 100,000 110,132
Depreciation
As at 1 January 2024 4,661 43,256 47,917
Provided during the period 820 8,512 9,332
As at 31 December 2024 5,481 51,768 57,249
Net Book Value
As at 31 December 2024 4,651 48,232 52,883
As at 1 January 2024 5,471 56,744 62,215
6. Stocks
2024 2023
£ £
Stock 2,056,761 1,996,728
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 176,034 279,109
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 272,394 206,819
Other creditors 49,405 165,550
Taxation and social security 325,443 296,000
647,242 668,369
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3