Company Registration No. 11273577 (England and Wales)
Roche Barrett Estates 2 Ltd
Unaudited accounts
for the year ended 29 September 2024
Roche Barrett Estates 2 Ltd
Unaudited accounts
Contents
Roche Barrett Estates 2 Ltd
Company Information
for the year ended 29 September 2024
Company Number
11273577 (England and Wales)
Registered Office
Cca, Sussex Innovation Centre
Science Park Square
Brighton
East Sussex
BN1 9SB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Roche Barrett Estates 2 Ltd
Statement of financial position
as at 29 September 2024
Tangible assets
5,006,464
5,006,722
Cash at bank and in hand
5,580
33,305
Creditors: amounts falling due within one year
(578,129)
(629,923)
Net current liabilities
(515,662)
(574,914)
Total assets less current liabilities
4,490,802
4,431,808
Creditors: amounts falling due after more than one year
(3,384,002)
(3,400,389)
Provisions for liabilities
Deferred tax
(499,017)
(423,305)
Net assets
607,783
608,114
Called up share capital
100
100
Fair value reserve
455,000
455,000
Profit and loss account
152,683
153,014
Shareholders' funds
607,783
608,114
For the year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2025 and were signed on its behalf by
Errol Barrett
Director
Company Registration No. 11273577
Roche Barrett Estates 2 Ltd
Notes to the Accounts
for the year ended 29 September 2024
Roche Barrett Estates 2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11273577. The registered office is Cca, Sussex Innovation Centre, Science Park Square, Brighton, East Sussex, BN1 9SB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statement have been prepared on a going concern basis on the grounds that the Director and Parent Company Roche Barrett Estates Ltd have confirmed they will continue to support the company
Roche Barrett Estates 2 Ltd
Notes to the Accounts
for the year ended 29 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 30 September 2023
5,005,000
1,830
5,006,830
At 29 September 2024
5,005,000
1,830
5,006,830
At 30 September 2023
-
108
108
Charge for the year
-
258
258
At 29 September 2024
-
366
366
At 29 September 2024
5,005,000
1,464
5,006,464
At 29 September 2023
5,005,000
1,722
5,006,722
At the year end the director valued the investment property on an open market value basis.
Amounts falling due within one year
Amounts due from group undertakings etc.
56,887
21,704
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,000
Loans from directors
576,929
613,597
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
3,384,002
3,400,389
8
Transactions with related parties
At the year end the company was owed £56,887 (2023 - £21,704 ) by entities that are under the common control.
The company is a 100% subsidiary of Roche Barrett Estates Ltd.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).