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Registered number: 13072869
Rondos Systems Limited
Director's Report and
Abridged Financial Statements
For The Year Ended 31 December 2024
RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Abridged Profit and Loss Account 4
Abridged Balance Sheet 5—6
Notes to the Abridged Financial Statements 7—8
Page 1
Company Information
Director Dr Aderonke Akerele
Company Number 13072869
Registered Office 310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Accountants RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Page 1
Page 2
Director's Report
The director presents her report and the financial statements for the year ended 31 December 2024.
Directors
The director who held office during the year were as follows:
Dr Aderonke Akerele
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Dr Aderonke Akerele
Director
22nd September 2025
Page 2
Page 3
Accountants' Report
Report of the Accountant to the director of Rondos Systems Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
22nd September 2025
RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Page 3
Page 4
Abridged Profit and Loss Account
2024 2023
Notes £ £
GROSS PROFIT 57,816 61,613
Administrative expenses (32,042 ) (37,432 )
OPERATING PROFIT 25,774 24,181
Profit on revaluation of investment property 19,000 193,000
Other interest receivable and similar income 500 -
Interest payable and similar charges (38,766 ) (37,007 )
PROFIT BEFORE TAXATION 6,508 180,174
Tax on Profit (3,610 ) (36,670 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 2,898 143,504
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Abridged Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 966 1,288
Investment Properties 5 1,473,151 1,452,951
1,474,117 1,454,239
CURRENT ASSETS
Debtors 1,188 1,195
Cash at bank and in hand 26,615 12,770
27,803 13,965
Creditors: Amounts Falling Due Within One Year (421,615 ) (394,414 )
NET CURRENT ASSETS (LIABILITIES) (393,812 ) (380,449 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,080,305 1,073,790
Creditors: Amounts Falling Due After More Than One Year (908,787 ) (908,780 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,280 ) (36,670 )
NET ASSETS 131,238 128,340
CAPITAL AND RESERVES
Called up share capital 6 8 8
Fair value reserve 7 171,720 156,330
Profit and Loss Account (40,490 ) (27,998 )
SHAREHOLDERS' FUNDS 131,238 128,340
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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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Dr Aderonke Akerele
Director
22nd September 2025
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Page 7
Notes to the Abridged Financial Statements
1. General Information
Rondos Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13072869 . The registered office is 310 Lakes Innovation Centre, Lakes Road, Braintree, CM7 3AN.
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 letting of investment property.
2.3. 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:
Freehold Not depreciated
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are 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: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost or Valuation
As at 1 January 2024 2,669
As at 31 December 2024 2,669
Depreciation
As at 1 January 2024 1,381
Provided during the period 322
As at 31 December 2024 1,703
Net Book Value
As at 31 December 2024 966
As at 1 January 2024 1,288
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 1,452,951
Additions 1,200
Revaluations 19,000
As at 31 December 2024 1,473,151
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
7. Reserves
Fair Value Reserve
£
As at 1 January 2024 156,330
Movements in fair value reserve 15,390
As at 31 December 2024 171,720
Page 8