| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| ROTHDEAN LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| ROTHDEAN LIMITED |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ROTHDEAN LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Bath House |
| 6 - 8 Bath Street |
| Bristol |
| BS1 6HL |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Balance Sheet |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Balance Sheet - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | COMPANY INFORMATION |
| Rothdean Limited is a |
| The company's principal activities and nature of its operations are disclosed in the Directors' Report. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
| The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information including annual budgets and future cash-flows in making their assessment. Based on this assessment, and current resources available, the directors have concluded that they are able to continue to adopt the going concern basis in prepared the financial statements. |
| Turnover |
| Turnover comprises amounts (excluding value added tax) derived from the provision of goods to customers, operating lease rentals and interest receivable on finance leases. |
| Income from the provision of goods is recognised when substantially all of the risk and rewards of ownership have passed to the customer. |
| Operating lease income is credited to the profit and loss account on a straight line basis over the period of the lease. |
| Finance lease income is split between capital and interest. The capital element is used to reduce the finance lease debtor and the interest element is credited to the profit and loss account on a straight line basis over the period of the lease. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset less the estimated residual value over its estimated useful life. |
| Vehicles and trailers - 10% - 25% reducing balance |
| Plant and machinery - 10% reducing balance |
| Fixtures and fittings - 15% reducing balance |
| Leasehold improvements are amortised over the unexpired portion of the lease. |
| Freehold land and buildings are not depreciated. The directors believe that the residual value of the buildings is sufficient to render any potential accumulated depreciation immaterial. |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| 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 items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
| Basic financial liabilities |
| Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire. |
| Equity instruments |
| Equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Where the company leases out equipment and there is a transfer of substantially all of the risks and rewards of ownership of the asset, the lease is accounted for as a finance lease and the net investment is included in current assets. Where the company leases out equipment for a period less than its expected useful life, or does not transfer substantially all of the risks and rewards of ownership, the lease is accounted for as an operating lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme, the assets of which are held in a separately administered fund. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures | Vehicles |
| Freehold | Plant and | and | and |
| property | machinery | fittings | trailers | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| Impairments |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The directors reviewed the carrying cost value of land during the year and following an indication of value by third party surveyors applied an impairment provision to reduce the carrying amount to the suggested fair value of the land. |
| 5. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Raw materials |
| Work-in-progress |
| Finished goods |
| 6. | DEBTORS |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts receivable in respect of finance leases |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| ROTHDEAN LIMITED (REGISTERED NUMBER: 01060980) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 6. | DEBTORS - continued |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts receivable in respect of finance leases |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to related undertakings | 197,579 | 197,579 |
| Tax |
| Social security and other taxes |
| VAT | 153,033 | - |
| Other creditors |
| Directors' current accounts | 1,297,756 | 1,390,848 |
| Accruals and deferred income |
| The directors' loan accounts are unsecured and there is no interest charged on the loans outstanding. |
| Included within creditors, is £803 (2023 - £480) relating to pension contributions deducted from wages but not paid to the pension scheme administrator as at the year end. |
| 8. | TRANSACTIONS WITH DIRECTORS |
| The directors own various properties which are leased to the company. The rent for the year paid to the directors in respect of these properties amounted to £64,333 (2023 - £71,333). The amount outstanding to the directors in respect of the rent was £nil (2023 - £29,000). |
| The directors are also partners in Jones & Sons, a partnership from which the company rents certain property. The rent for the year paid to the partnership amounted to £2,500 (2023 - £2,500). |
| The company rents property from Lightmoor Limited, a company under common control. The rent paid during the year amounted to £41,000 (2023 - £46,000). |
| The company also rents properties from Rothdean Self Administered Pension Plan. The rent for the year paid to the pension scheme amounted to £230,000 (2023 - £230,000). |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are Mr C J Jones and Mr L W G Jones. |