Registration number: 04545323

Rovertune Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Rovertune Limited

(Registration number: 04545323)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	598,594	603,197
Other financial assets	5	1,086,656	-
		1,685,250	603,197
Current assets
Stocks	6	42,500	43,213
Debtors	7	11,610	2,242
Investments	8	-	839,357
Cash at bank and in hand		157,587	205,924
		211,697	1,090,736
Creditors: Amounts falling due within one year	9	(111,841)	(48,979)
Net current assets		99,856	1,041,757
Total assets less current liabilities		1,785,106	1,644,954
Provisions for liabilities		(82,201)	-
Net assets		1,702,905	1,644,954
Capital and reserves
Called up share capital		100	100
Fair value reserve		227,864	-
Profit and loss account		1,474,941	1,644,854
Shareholders' funds		1,702,905	1,644,954

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:
 

Rovertune Limited

(Registration number: 04545323)
Statement of Financial Position as at 31 March 2025

......................................... S L Margrave Director

Rovertune Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Unit 2 Bridgewater Close, Reading, Berkshire, RG30 1JT.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Rovertune Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures, fittings, tools and equipment	25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Rovertune Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

4	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	573,611	111,522	37,855	722,988
Additions	-	3,464	-	3,464
Disposals	-	-	(5,450)	(5,450)
At 31 March 2025	573,611	114,986	32,405	721,002
Depreciation
At 1 April 2024	-	92,624	27,167	119,791
Charge for the year	-	5,394	2,673	8,067
Eliminated on disposal	-	-	(5,450)	(5,450)
At 31 March 2025	-	98,018	24,390	122,408
Carrying amount
At 31 March 2025	573,611	16,968	8,015	598,594
At 31 March 2024	573,611	18,898	10,688	603,197

Included within the net book value of land and buildings above is £573,611 (2024 - £573,611) in respect of freehold land and buildings.
 

Rovertune Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Revaluations	247,298	247,298
Additions	839,358	839,358
At 31 March 2025	1,086,656	1,086,656
Impairment
Carrying amount
At 31 March 2025	1,086,656	1,086,656

6

Stocks

	2025 £	2024 £
Other inventories	42,500	43,213

7

Debtors

	2025 £	2024 £
Trade debtors	8,935	2,242
Other debtors	2,675	-
	11,610	2,242

8	Current asset investments

	2025 £	2024 £
Other investments	-	839,357

9

Creditors

Creditors: amounts falling due within one year

Rovertune Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025 £	2024 £
Trade creditors	73,663	18,187
Taxation and social security	35,504	30,792
Accruals and deferred income	1,925	-
Other creditors	749	-
	111,841	48,979