REGISTERED NUMBER: 00989823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ROLAND GROUP OF COMPANIES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Fletcher

R Fletcher

V Fletcher

SECRETARY:

I G Fletcher

REGISTERED OFFICE:

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

00989823 (England and Wales)

ACCOUNTANTS:

Orcom Civvals Limited

Accountants

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

26,113

30,721

Investments

5

270,000

270,000

296,113

300,721

CURRENT ASSETS

Stocks

910,000

950,000

Debtors

6

134,798

137,653

Cash at bank

5,599

3,830

1,050,397

1,091,483

CREDITORS

Amounts falling due within one year

7

(1,745,194

)

(1,690,216

)

NET CURRENT LIABILITIES

(694,797

)

(598,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(398,684

)

(298,012

)

CAPITAL AND RESERVES

Called up share capital

71,000

71,000

Retained earnings

9

(469,684

)

(369,012

)

SHAREHOLDERS' FUNDS

(398,684

)

(298,012

)

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 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 3 November 2025 and were signed on its behalf by:

P R Fletcher - Director

1.	STATUTORY INFORMATION

The Roland Group of Companies 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate funds to meet its liabilities to third parties as they fall due.

Significant judgements and estimates

The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances.

The estimates and underlying assumptions are reviewed on an ongoing basis. There has been no judgements made by management in the application of FRS 102 that have had a significant effect on the financial statements and estimates with a significant risk of material adjustment.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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

Equipment

33.33% straight line

Furniture, fixtures & fittings

15% on reducing balance

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks comprise real estate properties (built-in commercial properties).

The company accounts for built-in commercial properties within stocks because it does not intend to engage in renting-out those assets and keeping those as investment properties to generate rental income and benefit from appreciation. Properties classified as stocks may be rented out on a temporary basis while the company is searching for a buyer. Stocks are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.

The costs of real estate property comprise costs of construction and other expenditure directly attributable to a particular development project, including finance costs.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying value amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Fixed asset investments

Fixed asset investments are interest in joint ventures and they are stated at cost in the balance sheet as their fair value cannot be reliably measured.

On disposal of investments in joint ventures, the difference between net disposal proceeds and the carrying amount of the investment is taken to the income statement.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Furniture,

fixtures

Equipment

& fittings

Totals

£

£

£

COST

At 1 January 2024

1,982

156,043

158,025

Disposals

(1,982

)

-

(1,982

)

At 31 December 2024

-

156,043

156,043

DEPRECIATION

At 1 January 2024

1,982

125,322

127,304

Charge for year

-

4,608

4,608

Eliminated on disposal

(1,982

)

-

(1,982

)

At 31 December 2024

-

129,930

129,930

NET BOOK VALUE

At 31 December 2024

-

26,113

26,113

At 31 December 2023

-

30,721

30,721

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 January 2024

and 31 December 2024

270,000

NET BOOK VALUE

At 31 December 2024

270,000

At 31 December 2023

270,000

Fixed asset investments represent monies paid on account on joint venture contracts of £270,000 (2023: £270,000).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

58,571

55,782

Other debtors

76,227

81,366

VAT

-

505

134,798

137,653

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

690,250

691,000

VAT

5,329

-

Other creditors

944,862

923,288

Directors' current accounts

63,310

26,810

Deferred income

-

18,750

Accrued expenses

41,443

30,368

1,745,194

1,690,216

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

690,250

691,000

The above interest bearing loan is secured on the unlimited personal guarantee given by Mr P R Fletcher and his personal property.

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(369,012

)

Deficit for the year

(100,672

)

At 31 December 2024

(469,684

)

10.	RELATED PARTY DISCLOSURES

At the year end, an amount of £58,571 (2023: £55,782) was owed from its parent entity

Other creditors falling due within one year, include an amount of £308,681 (2023: £277,791) owed to a company in which one of the directors has a participating interest.

11.	PARENT AND ULTIMATE CONTROLLING PARTIES

The Roland Trust Limited is the immediate parent by virtue of its 99% shareholdings.

The Roland Trust Limited is controlled by The Roland Trust, a discretionary trust in which certain family members of the director, P R Fletcher, are beneficiaries.