Registered number
07888717
RODLEASE VENTURES LIMITED
Filleted Accounts
31 December 2024
RODLEASE VENTURES LIMITED
Registered number: 07888717
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 47,224 59,645
Investments 4 1 1
47,225 59,646
Current assets
Cash at bank and in hand 49,243 36,705
Creditors: amounts falling due within one year 5 (4,249) (3,100)
Net current assets 44,994 33,605
Total assets less current liabilities 92,219 93,251
Creditors: amounts falling due after more than one year 6 (35,402) (35,858)
Net assets 56,817 57,393
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,717 57,293
Shareholders' funds 56,817 57,393
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M. Dixon
Director
Approved by the board on 23 September 2025
RODLEASE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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:
Plant and machinery 10% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company, inclduing directors. 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 23,241 76,522 99,763
At 31 December 2024 23,241 76,522 99,763
Depreciation
At 1 January 2024 6,639 33,479 40,118
Charge for the year 1,660 10,761 12,421
At 31 December 2024 8,299 44,240 52,539
Net book value
At 31 December 2024 14,942 32,282 47,224
At 31 December 2023 16,602 43,043 59,645
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 1
At 31 December 2024 1
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,149 2,000
Directors loan account 100 100
Other creditors 1,000 1,000
4,249 3,100
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 35,402 35,858
7 Loans 2024 2023
£ £
Creditors include:
Secured borrowings 38,551 37,858
The amounts owed under lease and hire purchase contracts are secured on the asset being bought.
8 Other information
RODLEASE VENTURES LIMITED is a private company limited by shares and incorporated in England.
Hazzards House
Rodlease Lane
Boldre
Lymington
SO41 5PB
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