REGISTERED NUMBER: 02087541 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Roder UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Dalton

SECRETARY:

L Dalton

REGISTERED OFFICE:

10 Bartlett Business Park

Huntingdon Road

Chatteris

Cambridgeshire

PE16 6EG

REGISTERED NUMBER:

02087541 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Anthony James Brice FCCA

AUDITOR:

Annatrice Limited

Statutory Auditor

10 The Thoroughfare

Harleston

Norfolk

IP20 9AX

FIXED ASSETS

Tangible assets

4

1,629,665

1,840,156

CURRENT ASSETS

Stocks

89,654

101,409

Debtors

5

691,770

689,420

Cash at bank and in hand

167,377

78,615

948,801

869,444

CREDITORS

Amounts falling due within one year

6

1,285,172

1,093,692

NET CURRENT LIABILITIES

(336,371

)

(224,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,293,294

1,615,908

CREDITORS

Amounts falling due after more than one year

7

(436,079

)

(465,168

)

PROVISIONS FOR LIABILITIES

(193,881

)

(263,374

)

NET ASSETS

663,334

887,366

CAPITAL AND RESERVES

Called up share capital

10

381,000

381,000

Capital redemption reserve

1,839,080

1,839,080

Retained earnings

(1,556,746

)

(1,332,714

)

SHAREHOLDERS' FUNDS

663,334

887,366

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2025 and were signed by:

L Dalton - Director

1.	STATUTORY INFORMATION

Roder UK Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

All of the company's financial instruments are basic financial instruments measured at amortised historic cost less any necessary provisions for impairment. The only exception is the cumulative preference shares redeemable at the option of the issuer and presented as compound financial instruments with debt and equity components. The dividends paid on these shares are presented as interest payable in accordance with UK GAAP.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,738,149

Additions

87,025

Disposals

(97,150

)

At 31 December 2024

2,728,024

DEPRECIATION

At 1 January 2024

897,993

Charge for year

253,275

Eliminated on disposal

(52,909

)

At 31 December 2024

1,098,359

NET BOOK VALUE

At 31 December 2024

1,629,665

At 31 December 2023

1,840,156

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

157,432

DEPRECIATION

At 1 January 2024

36,123

Charge for year

30,327

At 31 December 2024

66,450

NET BOOK VALUE

At 31 December 2024

90,982

At 31 December 2023

121,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

612,156

675,412

Other debtors

79,614

14,008

691,770

689,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

29,089

29,089

Trade creditors

116,721

50,028

Amounts owed to group undertakings

964,678

853,863

Taxation and social security

21,445

17,678

Other creditors

153,239

143,034

1,285,172

1,093,692

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

61,079

90,168

Other creditors

375,000

375,000

436,079

465,168

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

375,000

375,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

90,168

119,257

9.	FINANCIAL INSTRUMENTS

Creditors due after more than one year includes £375,000 (2023: £375,000) of cumulative preference shares redeemable at the option of the issuer. The dividends paid on these shares during the year of £37,500 (2023: £37,500) are included within interest payable in the profit and loss account. The shares have a nominal value of £750,000 and a coupon rate of 5%. The amount presented as a liability represents the fair value of the debt element of this compound financial instrument. The remaining balance of £375,000 is presented as share capital.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

6,000

Ordinary

1

6,000

6,000

750,000

Redeemable cumulative

preference shares

0.5

375,000

375,000

381,000

381,000

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

The Report of the Auditor was qualified on the following basis:

Basis for qualified opinion

Trade debtors includes an aged customer balance of £122,157 (net of VAT and net of provision) for which insufficient evidence was available of recoverability. Had this balance been provided for in full the net loss for the year would have been increased to £346,189 and shareholders funds would have been reduced to £541,177.

I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Mr Anthony James Brice FCCA (Senior Statutory Auditor)

for and on behalf of Annatrice Limited

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Röder Zeltsysteme und Service GmbH.

The ultimate controlling party is RAG Stiftung (the RAG Foundation).

RAG Stiftung prepares consolidated group financial statements which are available upon request from registered office Ruttenscheider Strabe 1-3, 45128 Essen, Germany.