IRIS Accounts Production v25.1.3.33 06781009 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06781009 2023-12-31 06781009 2024-12-31 06781009 2024-01-01 2024-12-31 06781009 2022-12-31 06781009 2023-01-01 2023-12-31 06781009 2023-12-31 06781009 ns15:EnglandWales 2024-01-01 2024-12-31 06781009 ns14:PoundSterling 2024-01-01 2024-12-31 06781009 ns10:Director1 2024-01-01 2024-12-31 06781009 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06781009 ns10:SmallEntities 2024-01-01 2024-12-31 06781009 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06781009 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 06781009 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06781009 ns10:FullAccounts 2024-01-01 2024-12-31 06781009 ns10:CompanySecretary1 2024-01-01 2024-12-31 06781009 ns10:RegisteredOffice 2024-01-01 2024-12-31 06781009 ns5:CurrentFinancialInstruments 2024-12-31 06781009 ns5:CurrentFinancialInstruments 2023-12-31 06781009 ns5:Non-currentFinancialInstruments 2024-12-31 06781009 ns5:Non-currentFinancialInstruments 2023-12-31 06781009 ns5:ShareCapital 2024-12-31 06781009 ns5:ShareCapital 2023-12-31 06781009 ns5:RevaluationReserve 2024-12-31 06781009 ns5:RevaluationReserve 2023-12-31 06781009 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 06781009 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 06781009 ns5:PlantMachinery 2024-01-01 2024-12-31 06781009 ns5:PlantMachinery 2023-12-31 06781009 ns5:PlantMachinery 2024-12-31 06781009 ns5:CostValuation 2023-12-31 06781009 ns5:AdditionsToInvestments 2024-12-31 06781009 ns5:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 06781009 ns5:CostValuation 2024-12-31 06781009 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 06781009 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 06781009 ns5:RevaluationReserve 2023-12-31 06781009 1 2024-01-01 2024-12-31

REGISTERED NUMBER: 06781009 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROVEFREE LIMITED

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

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 |

ROVEFREE LIMITED

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTOR: | NJP Sheahan

| SECRETARY: | NJP Sheahan

| REGISTERED OFFICE: | 108A Queens Court

| Queensway

| London

| W2 4QR

| REGISTERED NUMBER: | 06781009 (England and Wales)

| ACCOUNTANTS: | Mitchell Edwards

| Chartered Certified Accountants

| 24A Ainslie Place

| Edinburgh

| EH3 6AJ

| BANKERS: | Barclays

| Hammersmith 2

| Leicester

| LE87 2BB

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 821 |  | - |  |

Investments | 5 | 265,375 |  | 100,983 |  |

266,196 |  | 100,983 |  |

CURRENT ASSETS

Debtors | 6 | 105 |  | 95 |  |

Cash at bank | 21,112 |  | 59,320 |  |

21,217 |  | 59,415 |  |

CREDITORS

Amounts falling due within one year | 7 | 9,629 |  | 9,530 |  |

NET CURRENT ASSETS | 11,588 |  | 49,885 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 277,784 |  | 150,868 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,000 | ) | (10,200 | ) |

PROVISIONS FOR LIABILITIES | (32,205 | ) | (4,805 | ) |

NET ASSETS | 242,579 |  | 135,863 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Revaluation reserve | 9 | 136,474 |  | 20,482 |  |

Retained earnings | 106,104 |  | 115,380 |  |

SHAREHOLDERS' FUNDS | 242,579 |  | 135,863 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

BALANCE SHEET - continued

31 December 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2025 and were signed by:

NJP Sheahan - Director

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Rovefree Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer Equipment | - | 25% on cost

| Financial instruments

| Bank loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

| 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.

| Other investments

| The company carries investment at fair value with changes in fair value being recognised in the Income Statement. Increases in the fair value together with the related deferred tax are transferred to a Revaluation Reserve. Reductions in the fair value are reflected through the Revaluation Reserve to the extent the Reserve is in credit.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| Equipment

£ |

| COST

| At 1 January 2024 | 1,799 |  |

| Additions | 1,094 |  |

| At 31 December 2024 | 2,893 |  |

| DEPRECIATION

| At 1 January 2024 | 1,799 |  |

| Charge for year | 273 |  |

| At 31 December 2024 | 2,072 |  |

| NET BOOK VALUE

| At 31 December 2024 | 821 |  |

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 January 2024 | 100,983 |  |

| Additions | 21,000 |  |

| Revaluations | 143,392 |  |

| At 31 December 2024 | 265,375 |  |

| NET BOOK VALUE

| At 31 December 2024 | 265,375 |  |

| At 31 December 2023 | 100,983 |  |

| Cost or valuation at 31 December 2024 is represented by:

| Other

| investments

£ |

| Valuation in 2020 | 7,350 |  |

| Valuation in 2021 | 19,817 |  |

| Valuation in 2022 | (61,227 | ) |

| Valuation in 2023 | 59,347 |  |

| Valuation in 2024 | 143,393 |  |

| Cost | 96,695 |  |

265,375 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 105 |  | 95 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 7,200 |  | 7,200 |  |

| Other creditors | 2,429 |  | 2,330 |  |

9,629 |  | 9,530 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 3,000 |  | 10,200 |  |

ROVEFREE LIMITED (REGISTERED NUMBER: 06781009)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2024 | 20,482 |  |

| Investments revaluation | 115,992 |  |

| At 31 December 2024 | 136,474 |  |

10. | POST BALANCE SHEET EVENTS

| The market value of investments held by the Company increased after the year end. The Company did not adjust the financial statements as the events in question did not exist at the balance sheet date. At the balance sheet date, Investments in Cryptocurrencies showed unrealised gains of £168,679. At the date of signing the accounts, the fair value of these investments had grown to £304,117, resulting in unrealised gains of £207,423.

11. | BOUNCE BACK LOAN SCHEME

| The company borrowed £36,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

|  | 2024 |  |  | 2023 |

| £ |  |  | £ |  |

| < 1 year |  | 7,200 |  |  | 7,200 |

| 2-5 years |  | 3,000 |  |  | 10,200 |

| > 5 years |  | - |  |  | - |

|  | 10,200 |  |  | 17,400 |