REGISTERED NUMBER: 08348527 (England and Wales)

Unaudited financial statements for the year ended 31 January 2025

For

Rocksand Trading Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Global Assistance Services SA

Mr S J M Postifferi

Secretary:

Vistra Cosec Limited

Registered office:

Jordan Limited, Suite 1,

7th Floor, 50 Broadway

London

United Kingdom

SW1H 0BL

Registered number:

08348527 (England and Wales)

Accountants:

Equiom (Scotland)

15a Harbour Road

Inverness

INVERNESS-SHIRE

IV1 1SY

Fixed assets

Investments

5

5,583,771

5,293,327

Current assets

Debtors

6

191,049

194,161

Cash at bank

2,384

6,904

193,433

201,065

Creditors

Amounts falling due within one year

7

(76,146

)

(69,190

)

Net current assets

117,287

131,875

Total assets less current liabilities

5,701,058

5,425,202

Creditors

Amounts falling due after more than one year

8

(5,728,897

)

(5,464,064

)

Net liabilities

(27,839

)

(38,862

)

Capital and reserves

Called up share capital

9

1

1

Retained earnings

(27,840

)

(38,863

)

Shareholders' funds

(27,839

)

(38,862

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Global Assistance Services SA - Director

1.	STATUTORY INFORMATION

The principal activity of Rocksand Trading Limited is that of a holding company.

The company is a private company limited by shares and incorporated in the UK. Its registered office is Jordan Limited, Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL. The company’s registered number is 08348527.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements are prepared on a going concern basis, under the historical cost convention,

as modified by the revaluation of certain financial assets and liabilities measured at fair value through the statement of comprehensive income.

Going concern

The company is dependent on the continued financial support of the lenders in order to enable it to continue operating and to meet its liabilities as they fall due. The lenders have agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept.

Interest income

Interest income is accounted for on a receivable basis.

Expenses

Expenses are recognised on an accruals basis.

Foreign currency

Foreign currency transactions are translated into the functional currency using the spot exchange rates

at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The Company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated and are based on historical experience as adjusted for current market conditions and other factors. The resulting accounting estimates will, by definition, seldom equal the related actual results.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Brought forward

136,924

542

Additions

-

136,382

Carried forward

136,924

136,924

Analysed as:

SAS Achat Immo

136,924

136,924

136,924

136,924

SAS Achat Immo

The company owns 80% of the equity share capital of SAS Achat Immo (2024: 80%).

Loan receivable

2025

2024

£

£

Loan receivable - SAS Achat Immo €6,150,000

5,146,831

5,155,662

Interest on loan receivable €358,504

300,016

741

5,446,847

5,156,403

In order to finance SAS Achat Immo's real estate project, the Company signed a loan agreement on 23 September 2020 which was unsecured, interest bearing at 4% per annum and repayable on the date of sale of the single lot comprising its real estate project. In August 2023, the loan was increased to a total of €6,030,000. The interest rate was also increased from 4% to 6%. During the year ended 31 January 2025, a further €120,000 was added, bringing the total balance to €6,150,000 and the interest rate was adjusted to 5.87% as from 01 January 2024, corresponding to the maximum acceptable rate under French regulations, the jurisdiction applicable to the SAS Achat Immo.

The loan and interest are considered long-term assets by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loan receivable - SAS Achat Immo €224,339

187,745

191,810

Other debtors

3,304

2,351

191,049

194,161

The above loans are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Shareholders loan

(68,782

)

(60,011

)

Equiom SAM

-

(1,496

)

Accruals

(7,364

)

(7,683

)

(76,146

)

(69,190

)

The shareholders loan payable to is unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Shareholders loan €6,150,000

(5,146,831

)

(5,155,662

)

Interest on shareholders loan €695,516

(582,066

)

(308,402

)

(5,728,897

)

(5,464,064

)

On 21 September 2020, the company subscribed a loan from its shareholder in order to finance its subsidiary. In August 2023, the amount of the loan was increased to a total of €6,030,000. The interest rate was also increased from 3.5% to 5.5% for the entire loan. During the year ended 31 January 2025, a further €120,000 was added, bringing the total balance to €6,150,000.

The loan is unsecured.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary Shares

£1

1

1

10.	RELATED PARTY TRANSACTIONS AND ULTIMATE CONTROLLING PARTY

The company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.