REGISTERED NUMBER: 09793745 (England and Wales)

Financial Statements

for the Period 1 May 2023 to 31 July 2024

for

Rotec Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

P R Butler

Registered office:

Unit 6 Enterprise Way

Vale Park

Evesham

Worcestershire

WR11 1GS

Registered number:

09793745 (England and Wales)

Auditors:

Luckmans Duckett Parker Limited

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

CV5 6UB

FIXED ASSETS

Property, plant and equipment

4

-

7,453

Investment property

5

-

1,770,322

-

1,777,775

CURRENT ASSETS

Debtors

6

100

20,245

CREDITORS

Amounts falling due within one year

7

-

1,113,188

NET CURRENT ASSETS/(LIABILITIES)

100

(1,092,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

684,832

PROVISIONS FOR LIABILITIES

-

112,984

NET ASSETS

100

571,848

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

-

593,766

Retained earnings

-

(22,018

)

SHAREHOLDERS' FUNDS

100

571,848

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 31 October 2025 and were signed by:

P R Butler - Director

1.	STATUTORY INFORMATION

Rotec Property 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

Cost

At 1 May 2023

18,462

Disposals

(18,462

)

At 31 July 2024

-

Depreciation

At 1 May 2023

11,009

Eliminated on disposal

(11,009

)

At 31 July 2024

-

Net book value

At 31 July 2024

-

At 30 April 2023

7,453

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 May 2023

1,770,322

Disposals

(1,770,322

)

At 31 July 2024

-

Net book value

At 31 July 2024

-

At 30 April 2023

1,770,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

100

20,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

5,001

Amounts owed to group undertakings

-

1,093,843

Other creditors

-

14,344

-

1,113,188

8.	SECURED DEBTS

Atom Bank Plc hold a fixed and floating charge over the land adjoining plot 6C Enterprise Way this charge also includes a negative pledge.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 May 2023

593,766

Realised in year

(593,766

)

At 31 July 2024

-

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

12.	RELATED PARTY DISCLOSURES

On 15 July 2024, Rotec Property Limited, a wholly owned subsidiary of Rotec Developments Limited, disposed of all tangible assets including investment property to Rotec Developments Limited. The consideration for the transfer was determined by an independent valuation.

13.	ULTIMATE CONTROLLING PARTY

On 30 April 2021 Rotec Developments Limited (the holding company of Rotec Property Limited) became a wholly owned subsidiary of Butler Corporation Limited, registered office Unit 6 Enterprise Way, Vale Park, Evesham, Worcestershire, WR11 1GS. The ultimate controlling party is P R Butler a Director of Butler Corporation Limited, Rotec Developments Limited and Rotec Property Limited.

14.	GROUP STRUCTURE

Rotec Property Limited is a 100% subsidiary of Rotec Developments Limited, registered office Unit 6 Enterprise Way, Vale Park, Evesham, Worcestershire, WR11 1GS with a registered number of 04091867 (England and Wales).