Rochford Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03145240

ROCHFORD HOMES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2025

ROCHFORD HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	316	9,610
Investments	6	490,000	490,000
		----------	----------
		490,316	499,610

Current assets

Debtors	7	14,237	42,231
Cash at bank and in hand		28,617	25,031
		---------	---------
		42,854	67,262

Creditors: amounts falling due within one year	8	( 28,138)		( 34,180)
		---------		---------
Net current assets			14,716	33,082
			----------	----------
Total assets less current liabilities			505,032	532,692

Creditors: amounts falling due after more than one year	9		( 20,000)	( 30,000)

Provisions

Taxation including deferred tax	( 34,331)	( 36,580)
	----------	----------
Net assets	450,701	466,112
	----------	----------

ROCHFORD HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	2,000	2,000
Profit and loss account	448,701	464,112
	----------	----------
Shareholders funds	450,701	466,112
	----------	----------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

P W Burrows

Director

Company registration number: 03145240

ROCHFORD HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lindpet House, Market Place, Grantham, Lincs, NG31 6LJ.

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 certain financial assets and liabilities and 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.

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. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Significant judgements No judgements have been made which would have a significant effect on the amounts recognised in the financial statements. - Key sources of estimation uncertainty In order to comply with the requirements of FRS 102, the Directors have estimated the fair value of the company's investment in the Crown Walk Partnership. The deferred tax liability is estimated on the interest in the partnership based on the directors revaluation.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be 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:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost and subsequently are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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 statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	4,283	32,890	37,173
	-------	---------	---------
Depreciation
At 1 May 2024	2,895	24,668	27,563
Charge for the year	1,072	8,222	9,294
	-------	---------	---------
At 30 April 2025	3,967	32,890	36,857
	-------	---------	---------
Carrying amount
At 30 April 2025	316	–	316
	-------	---------	---------
At 30 April 2024	1,388	8,222	9,610
	-------	---------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 May 2024 and 30 April 2025	490,000
	----------
Impairment
At 1 May 2024 and 30 April 2025	–
	----------

Carrying amount
At 30 April 2025	490,000
	----------
At 30 April 2024	490,000
	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	180	24,028
Other debtors	14,057	18,203
	---------	---------
	14,237	42,231
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	821	602
Corporation tax	7,609	22,689
Social security and other taxes	6,327	8,028
Loans from the Burrows Family Trust	10,000	–
Credit card	881	361
Other creditors	2,500	2,500
	---------	---------
	28,138	34,180
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	20,000	30,000
	---------	---------

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	490,000	490,000
	----------	----------

11. Directors' advances, credits and guarantees

At the beginning of the year the directors' owed the company £8,661. This was decreased by a net figure of £902 during the year leaving an outstanding balance of £7,759 at the year end. There is no set repayment date. During the year no interest was charged on the outstanding balance (2024 - £nil).