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Registered number: 07818865
Roda Projects Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07818865
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39 53
39 53
CURRENT ASSETS
Stocks 5 25,650 5,000
Debtors 6 17,890 4,800
Cash at bank and in hand 2,504 221
46,044 10,021
Creditors: Amounts Falling Due Within One Year 7 (50,073 ) (6,728 )
NET CURRENT ASSETS (LIABILITIES) (4,029 ) 3,293
TOTAL ASSETS LESS CURRENT LIABILITIES (3,990 ) 3,346
Creditors: Amounts Falling Due After More Than One Year 8 - (1,583 )
NET (LIABILITIES)/ASSETS (3,990 ) 1,763
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,090 ) 1,663
SHAREHOLDERS' FUNDS (3,990) 1,763
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Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S H Ponevski
Director
30th July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Roda Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07818865 . The registered office is 16 Coniston Close Whetstone, London, London, N20 0QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 November 2024 to 31 October 2025 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 1)
3 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2024 1,249
As at 31 October 2025 1,249
Depreciation
As at 1 November 2024 1,196
Provided during the period 14
As at 31 October 2025 1,210
Net Book Value
As at 31 October 2025 39
As at 1 November 2024 53
5. Stocks
2025 2024
£ £
Work in progress 25,650 5,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 17,890 4,800
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 29,999 1
Bank loans and overdrafts 1,583 1,583
Other creditors 6,479 1,604
Taxation and social security 12,012 3,540
50,073 6,728
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 1,583
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9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid - 6,500
11. Related Party Transactions
During the year, no dividend was paid to the director. (2024 - £6,500)
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Ponevski by virtue of his ownership of 100% of the issued share capital in the company.
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