REGISTERED NUMBER: 04240380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ROLCO 144 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E J R Fawcett

R J Fawcett

REGISTERED OFFICE:

Studford Luxury Lodges Reception

High Street

Ampleforth

York

YO62 4BH

REGISTERED NUMBER:

04240380 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

4,646

6,473

Investments

5

1

1

Investment property

6

750,000

750,000

754,647

756,474

CURRENT ASSETS

Debtors

7

833,688

1,066,752

Cash at bank

-

1,652

833,688

1,068,404

CREDITORS

Amounts falling due within one year

8

33,414

41,830

NET CURRENT ASSETS

800,274

1,026,574

TOTAL ASSETS LESS CURRENT LIABILITIES

1,554,921

1,783,048

CREDITORS

Amounts falling due after more than one year

9

(530,402

)

(581,804

)

PROVISIONS FOR LIABILITIES

(19,520

)

(15,706

)

NET ASSETS

1,004,999

1,185,538

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

994,999

1,175,538

SHAREHOLDERS' FUNDS

1,004,999

1,185,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

R J Fawcett - Director

E J R Fawcett - Director

1.	STATUTORY INFORMATION

Rolco 144 Limited is a company limited by shares, incorporated and domiciled in England and has its registered office and its principle place of business at Studford Luxury Lodges, High Street, Ampleforth, York, YO62 4BH.

The principal activity of the Company is letting of commercial property.

The presentational currency of the financial statements is 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Tangible fixed assets

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

Land & buildings

-

2% on cost

Computer Equipment

-

33% on cost

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Fixed asset investments

Fixed asset investments are included within the balance sheet at cost less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

9,139

1,433

10,572

DEPRECIATION

At 1 April 2024

2,666

1,433

4,099

Charge for year

1,827

-

1,827

At 31 March 2025

4,493

1,433

5,926

NET BOOK VALUE

At 31 March 2025

4,646

-

4,646

At 31 March 2024

6,473

-

6,473

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

750,000

NET BOOK VALUE

At 31 March 2025

750,000

At 31 March 2024

750,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

199,043

Valuation in 2024

(50,000

)

Cost

600,957

750,000

The investment property was revalued in 2024, the directors consider this to be an accurate market value as at 31st March 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,215

2,215

Amounts owed by group undertakings

831,473

1,060,182

VAT

-

4,355

833,688

1,066,752

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,387

15,326

Amounts owed to group undertakings

11,928

22,378

VAT

1,407

-

Directors' current accounts

684

-

Accrued expenses

4,008

4,126

33,414

41,830

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

15,326

15,326

Bank loans - 2-5 years

45,977

45,977

Bank loans - 5+ years

40,188

51,590

Directors loan account

428,911

468,911

530,402

581,804

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - 5+ years

40,188

51,590

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

61

-

Bank loans

116,817

128,219

116,878

128,219

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are current account balances and loans from the directors.

At the year end, the respective current account balances were as follows:

Director Mr EJR Fawcett £Nil (2024: £Nil)

Director Mr RJ Fawcett £684 (2024: £Nil)

At this year end, the respective loan account balances were Mr EJR Fawcett £428,911 (2024: £478,911).

The current account balances and loans do not carry any rights to interest and are repayable demand.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed from it's related parties:

Tofalns Limited £11,928 owed to (2024: £22,378).

Studford Luxury Lodges Limited £726,014 (2024: £795,545).

The White Swan (Ampleforth) Limited £Nil (2024: £159,177).

Redline Racing £105,459 (2024: £105,459).

Related through shared directors.

13.

RESERVES

Undistributable reserves are included of £111,782 due to the revaluation of investment properties.