Company registration number: 14361392
COMPANY INFORMATION
CONTENTS
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
Page 1
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 8 form part of these financial statements.
Page 2
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 3
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company is limited by shares and incorporated in England in the UK. The address of the registered office is given in the Company information page of these financial statements.
The principal place of business is the same as the registered office address.
The principal activity of the Company is provision of administrative, company secretarial and contract management services to Rock Road London Limited.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1
The principal place of business is the same as the registered office address.
The principal activity of the Company is provision of administrative, company secretarial and contract management services to Rock Road London Limited.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);
∙the requirements of Section 7 Statement of Cash Flows; and
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of Rock Rail Holdings Limited as at 31 December 2025 and these financial statements may be obtained from Companies House.
Page 4
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The financial statements have been prepared on the going concern basis which the Directors consider appropriate for the reasons outlined below and where they have reviewed cash flow forecasts for a period of at least 12 months from the date of signing these financial statements. The Company has made a profit for the financial year of £49,175 (2024: £18,086) and has net assets of £76,230 (2024: £27,055).
The Directors have made an assessment of the Company’s ability to continue as a going concern, including any impacts of the current economic downturn, and are satisfied that the Company has the resources to continue in operation for the foreseeable future.
The turnover of the Company is primarily attributable to fees earned for providing administrative, company secretarial and contract management services through a Company Management Agreement ("CMA"). As a result, the ability of the Company to continue as a going concern is based on the ability of its affiliated entity which it provides services to Rock Road London Limited.
The Directors have reviewed the cashflow forecast of the subsidiary which operates a full fleet of buses and are on lease until October 2036. The contracted rentals are on a ‘hell or high water’ basis (i.e. the operator’s obligation to pay rent under the lease is not dependent on whether the buses are used or passenger demand). The Directors believe it is highly likely that the buses will continue to be leased after the end of the current lease due to the demand for zero emission buses to phase out buses which rely on diesel and the cost of leasing or buses beyond 2036 relative to the expected cost of a new bus in 2036. The cashflows under these rental payments are more than sufficient to service debt repayments falling due during this time. The forecasts include a variety of scenarios the Directors consider to be appropriate with the information available as of the date of approval of these financial statements, including, but not limited to, risk in relation to the credit worthiness of the lease rental counterparty and the availability of cash reserves to fund operating expenditure.
Under both its base-case scenario and reasonably plausible downside scenarios, the Directors consider that the Company is well positioned to manage risk during this period of economic uncertainty. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
The Directors have made an assessment of the Company’s ability to continue as a going concern, including any impacts of the current economic downturn, and are satisfied that the Company has the resources to continue in operation for the foreseeable future.
The turnover of the Company is primarily attributable to fees earned for providing administrative, company secretarial and contract management services through a Company Management Agreement ("CMA"). As a result, the ability of the Company to continue as a going concern is based on the ability of its affiliated entity which it provides services to Rock Road London Limited.
The Directors have reviewed the cashflow forecast of the subsidiary which operates a full fleet of buses and are on lease until October 2036. The contracted rentals are on a ‘hell or high water’ basis (i.e. the operator’s obligation to pay rent under the lease is not dependent on whether the buses are used or passenger demand). The Directors believe it is highly likely that the buses will continue to be leased after the end of the current lease due to the demand for zero emission buses to phase out buses which rely on diesel and the cost of leasing or buses beyond 2036 relative to the expected cost of a new bus in 2036. The cashflows under these rental payments are more than sufficient to service debt repayments falling due during this time. The forecasts include a variety of scenarios the Directors consider to be appropriate with the information available as of the date of approval of these financial statements, including, but not limited to, risk in relation to the credit worthiness of the lease rental counterparty and the availability of cash reserves to fund operating expenditure.
Under both its base-case scenario and reasonably plausible downside scenarios, the Directors consider that the Company is well positioned to manage risk during this period of economic uncertainty. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
Page 5
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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 to related parties and investments in non-puttable ordinary shares.
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 6
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 7
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The immediate parent company and ultimate parent company is Rock Rail Holdings Limited, a company incorporated in England. The registered office address of Rock Rail Holdings Limited is Capital Tower, 91 Waterloo Road, London, United Kingdom, SE1 8RT. The results of this company are included in the consolidated financial statements of Rock Rail Holdings Limited.
The ultimate controlling party is M R Swindell, by the virtue of his majority shareholding in Rock Rail Holdings Limited.
The ultimate controlling party is M R Swindell, by the virtue of his majority shareholding in Rock Rail Holdings Limited.
Page 8