Rollings Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00834126

ROLLINGS INVESTMENTS LIMITED

FILLETED FINANCIAL STATEMENTS

31 December 2024

ROLLINGS INVESTMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Page

Directors' responsibilities statement 1

Balance sheet 2

Notes to the financial statements 3

ROLLINGS INVESTMENTS LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

YEAR ENDED 31 DECEMBER 2024

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors 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 the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are 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. They are 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.

ROLLINGS INVESTMENTS LIMITED

BALANCE SHEET

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	9,650,000	10,165,000

Current assets

Debtors	6	270,299	292,377
Cash at bank and in hand		883,620	658,750
		------------	------------
		1,153,919	951,127

Creditors: amounts falling due within one year	7	( 323,244)	( 268,945)
		------------	------------
Net current assets		830,675	682,182
		-------------	-------------
Total assets less current liabilities		10,480,675	10,847,182

Provisions	( 200,334)	( 200,334)
	-------------	-------------
Net assets	10,280,341	10,646,848
	-------------	-------------

Capital and reserves

Called up share capital	9	4,421	4,421
Share premium account		132,480	132,480
Capital redemption reserve		1,101	1,101
Non-distributable reserve		2,141,481	2,317,811
Profit and loss account		8,000,858	8,191,035
		-------------	-------------
Shareholders funds		10,280,341	10,646,848
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

G K Lewis	J R Rollings
Director	Director

Company registration number: 00834126

ROLLINGS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, the company registration number is00834126and it is registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the total amount of rents receivable.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% straight line

In the year of acquisition tangible fixed assets are depreciated for all of the year.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	10,165,000	1,872	10,166,872
Revaluations	( 515,000)	–	( 515,000)
	-------------	------------	-------------
At 31 December 2024	9,650,000	1,872	9,651,872
	-------------	------------	-------------
Depreciation
At 1 January 2024 and 31 December 2024	–	1,872	1,872
	-------------	------------	-------------
Carrying amount
At 31 December 2024	9,650,000	–	9,650,000
	-------------	------------	-------------
At 31 December 2023	10,165,000	–	10,165,000
	-------------	------------	-------------

The investment properties were valued at their open market value by Matthew Clarke MRICS and Ian Bell MRICS of Sanderson Weatherall Surveyors at 31 December 2024. The directors' have confirmed that this valuation is appropriate to use as a reasonable estimate of the properties open market values as at 31 December 2024.

6. Debtors

	2024	2023
	£	£
Trade debtors	–	42,000
Prepayments and accrued income	264,055	244,189
Other debtors	6,244	6,188
	------------	------------
	270,299	292,377
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Prepayments and accrued income	119,792	101,553
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	2,869
Accruals and deferred income	204,392	168,123
Corporation tax	105,940	79,462
Social security and other taxes	3,624	9,203
Other creditors	9,288	9,288
	------------	------------
	323,244	268,945
	------------	------------

8. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2024	2023
	£	£
Included in provisions	200,334	200,334
	------------	------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Fair value adjustment of investment property	238,405	238,405
Unused tax losses	( 38,071)	( 38,071)
	------------	------------
	200,334	200,334
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	4,421	4,421	4,421	4,421
	------------	------------	------------	------------

10. Summary audit opinion

The auditor's report dated 25 September 2025 was unqualified .

The senior statutory auditor was Aman Hayer , for and on behalf of Wheawill & Sudworth Limited .

11. Related party transactions

One floor of one of the properties owned by the company is let to a company of which one of the directors is also director in that company. The property was initially occupied rent free until 1 April 2023. Since then rent of £30,000 p.a. has been charged. Post year-end a credit note was issued in the amount of £30,000 for the rental period from 1 April 2024 to 31 March 2025. This was issued in return for the tenant entering a formal 2 year lease with a rent charge of £30,000 p.a. Sanderson Weatherall Surveyors have estimated that the market rent for this floor is in the region of £48,000 p.a. The directors are happy to continue with the lower rent of £30,000 p.a. on the basis that it ensures the floor is occupied with some rental return and also the company avoids empty property rates and void service charges which are currently being incurred in respect of another empty floor in the same property.