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COMPANY REGISTRATION NUMBER: 03332123

Rochelle Clothing Company Limited

Filleted Unaudited Financial Statements

30 April 2025

Rochelle Clothing Company Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 6 |  | – | 111
Tangible assets | 7 |  | 39,138 | 45,255
Investments | 8 |  | 457,773 | 414,965
|  | ----------- | -----------
|  | 496,911 | 460,331

Current assets

Stocks | 35,800 |  | 42,500
Debtors | 9 | 877,163 |  | 823,552
Cash at bank and in hand | 9,089 |  | 103,733
| ----------- |  | -----------
| 922,052 |  | 969,785

Creditors: amounts falling due within one year | 10 | 295,546 |  | 304,883
| ----------- |  | -----------
Net current assets |  | 626,506 | 664,902
|  | --------------- | ---------------
Total assets less current liabilities |  | 1,123,417 | 1,125,233

Creditors: amounts falling due after more than one year | 11 |  | – | 10,890

Provisions

Taxation including deferred tax |  | ( 9,785) | ( 11,314)
|  | --------------- | ---------------
Net assets |  | 1,113,632 | 1,103,029
|  | --------------- | ---------------

Rochelle Clothing Company Limited

Statement of Financial Position (continued)

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital | 12 |  | 10,000 | 10,000
Share premium account | 13 |  | 25,995 | 25,995
Profit and loss account | 13 |  | 1,077,637 | 1,067,034
|  | --------------- | ---------------
Shareholders funds |  | 1,113,632 | 1,103,029
|  | --------------- | ---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 March 2026 , and are signed on behalf of the board by:

Mr Palvinder Singh Gill |
Director |

Company registration number: 03332123

Rochelle Clothing Company Limited

Notes to the Financial Statements

Year Ended 30th April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sandwell Business Park, Unit 7 Elm Court, Crystal Drive, Smethwick, Birmingham, B66 1RB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
The turnover shown in the Profit and Loss Account represents amounts derived from ordinary activities and is recognised at the point of despatch. The turnover is stated after deduction of trade discounts and is net of Value Added Tax.
Income tax
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 have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Rentals paid under operating leases are charged to income as incurred.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property | - | 10% straight line
| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance

| Motor vehicles | - | 25% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 47 (2024: 53 ).
5. Dividends

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | – | 30,000
| ----- | ----------

6. Intangible assets

| Goodwill
| £
Cost |
At 1st May 2024 and 30th April 2025 | 48,974
| ----------
Amortisation |
At 1st May 2024 | 48,863
Charge for the year | 111
| ----------
At 30th April 2025 | 48,974
| ----------
Carrying amount |
At 30th April 2025 | –
| ----------
At 30th April 2024 | 111
| ----------

7. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1st May 2024 | 40,443 | 84,851 | 37,510 | 5,000 | 167,804
Additions | – | 800 | – | – | 800
| ---------- | ---------- | ---------- | -------- | -----------
At 30th April 2025 | 40,443 | 85,651 | 37,510 | 5,000 | 168,604
| ---------- | ---------- | ---------- | -------- | -----------
Depreciation |  |  |  |  |
At 1st May 2024 | 40,443 | 49,821 | 27,374 | 4,911 | 122,549
Charge for the year | – | 5,374 | 1,521 | 22 | 6,917
| ---------- | ---------- | ---------- | -------- | -----------
At 30th April 2025 | 40,443 | 55,195 | 28,895 | 4,933 | 129,466
| ---------- | ---------- | ---------- | -------- | -----------
Carrying amount |  |  |  |  |
At 30th April 2025 | – | 30,456 | 8,615 | 67 | 39,138
| ---------- | ---------- | ---------- | -------- | -----------
At 30th April 2024 | – | 35,030 | 10,136 | 89 | 45,255
| ---------- | ---------- | ---------- | -------- | -----------

8. Investments

| Other investments other than loans
| £
Cost |
At 1st May 2024 | 414,965
Revaluations | 42,808
| -----------
At 30th April 2025 | 457,773
| -----------
Impairment |
At 1st May 2024 and 30th April 2025 | –
| -----------

Carrying amount |
At 30th April 2025 | 457,773
| -----------
At 30th April 2024 | 414,965
| -----------

Investments relate to Cypto Currency and is recorded at market value at the year end date.
9. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 68,375 | 46,499
Prepayments | 6,540 | –
Other debtors | 802,248 | 777,053
| ----------- | -----------
| 877,163 | 823,552
| ----------- | -----------

10. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 11,612 | 18,859
Trade creditors | 11,229 | 25,635
Corporation tax | 59,816 | 77,215
Social security and other taxes | 125,817 | 101,117
Directors' loan account | 7,550 | 10,602
Accruals | 11,497 | 6,963
Pension contributions | 4,270 | 2,724
Other creditors | 63,755 | 61,768
| ----------- | -----------
| 295,546 | 304,883
| ----------- | -----------

The bank overdraft is secured by a fixed and floating charge over all current and future assets of the company.
11. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 10,890
| ----- | ----------

12. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 10,000 | 10,000 | 10,000 | 10,000
| ---------- | ---------- | ---------- | ----------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 10,000 | 10,000 | 10,000 | 10,000
| ---------- | ---------- | ---------- | ----------

13. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
14. Director's advances, credits and guarantees
The Directors' loan account was not overdrawn during the current or prior year.
15. Related party transactions
Controlling Party The company is owned by Gill's Trading Co Ltd. The premises from which the company operates, 7 Elm Court, Crystal Drive, was owned by one of the directors and their spouse. The property was purchased by a related company during the prior year; rent of £26,000 (2024 - £26,000) has been charged during the year. Dividend paid to directors Dividends paid during the year was Nil, (2024 - £30,000). Dividends paid to parent company Dividends paid the year was £50,000 (2024 – Nil) Other One common director is also a director in another three companies. There are the following intercompany other debtor balances between these companies.

|  | 2025 | 2024
|  | £ | £
| Parent Company | 490,000 | 490,000
| Related company 1 | 99,587 | 74,392
| Related company 2 | 450 | 450
| Related company 3 | 212,211 | 212,211

|  | 2025 | 2024
|  | £ | £
| Parent Company | 490,000 | 490,000
| Related company 1 | 99,587 | 74,392
| Related company 2 | 450 | 450
| Related company 3 | 212,211 | 212,211

The above balances are included in the other debtors in note 10.