Company Registration No. 01793979 (England and Wales)
Roco Properties Limited
Unaudited financial statements
for the year ended 31 May 2025
Pages for filing with the registrar
Roco Properties Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Roco Properties Limited
Statement of financial position
As at 31 May 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
472,420
472,420
Current assets
Debtors
5
43,908
50,525
Investments
6
896,973
759,349
Cash at bank and in hand
27,598
145,791
968,479
955,665
Creditors: amounts falling due within one year
7
(9,916)
(13,504)
Net current assets
958,563
942,161
Net assets
1,430,983
1,414,581
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
9
48,246
48,246
Profit and loss reserves
1,382,637
1,366,235
Total equity
1,430,983
1,414,581

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 November 2025 and are signed on its behalf by:
Neil Robson
Director
Company Registration No. 01793979
Roco Properties Limited
Notes to the financial statements
For the year ended 31 May 2025
2
1
Accounting policies
Company information

Roco Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Wellington Place, Leeds, LS1 4AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts (excluding VAT) derived from the rental of freehold property and is recognised on a receivable basis.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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.

Roco Properties Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies (continued)
3
Basic financial assets

Basic financial assets, which include debtors, 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.

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 paymen 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. A m ounts 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Roco Properties Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies (continued)
4
Deferred tax

Current tax is provided at amounts 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 that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between taxable profits and results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Management do not believe there to be any critical accounting judgements or key sources of estimation uncertainty applied in the preparation of these financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
4
Investment property
2025
£
Fair value
At 1 June 2024 and 31 May 2025
472,420

Investment property comprises of commercial and residential property. A revaluation was undertaken in the year ended 31 May 2017 by the directors and the directors believe there has been no significant change to the value since then. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and the directors believe these values to be correct.

Roco Properties Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
4
Investment property (continued)
5
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
455,484
455,484
Accumulated depreciation
(58,640)
(49,530)
Carrying amount
396,844
405,954
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
890
2,268
Other debtors
20,842
15,613
21,732
17,881
Deferred tax asset
22,176
32,644
43,908
50,525
6
Current asset investments
2025
2024
£
£
Other investments
896,973
759,349

Current asset investments relate to fixed rate 12 month cash deposit bonds.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
890
2,268
Other creditors
9,026
11,236
9,916
13,504
Roco Properties Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
6
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
9
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
48,246
48,246
10
Directors' transactions

Dividends totalling £15,000 (2024 - £10,000) were paid in the year in respect of shares held by the company's directors.

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