REGISTERED NUMBER: 10225710 (England and Wales)

RONDEL TRADING LTD

Unaudited Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

L Jangra

D Talwar

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

REGISTERED NUMBER:

10225710 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Intangible assets

4

196,875

219,375

Tangible assets

5

1,762,771

1,829,570

1,959,646

2,048,945

CURRENT ASSETS

Stocks

232,934

241,074

Debtors

6

7,381,189

982,443

Cash at bank

1,616,339

1,011,807

9,230,462

2,235,324

CREDITORS

Amounts falling due within one year

7

5,119,026

3,995,884

NET CURRENT ASSETS/(LIABILITIES)

4,111,436

(1,760,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,071,082

288,385

CREDITORS

Amounts falling due after more than one year

8

(5,321,411

)

(57,362

)

PROVISIONS FOR LIABILITIES

(43,811

)

(46,423

)

NET ASSETS

705,860

184,600

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

705,760

184,500

SHAREHOLDERS' FUNDS

705,860

184,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

L Jangra - Director

1.	STATUTORY INFORMATION

Rondel Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of operating petrol filling stations and associated retail services.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

20% on cost and 4% Straight Line

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% Straight Line

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

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

225,000

AMORTISATION

At 1 November 2024

5,625

Charge for year

22,500

At 31 October 2025

28,125

NET BOOK VALUE

At 31 October 2025

196,875

At 31 October 2024

219,375

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

1,703,198

142,970

107,489

Additions

-

21,791

-

At 31 October 2025

1,703,198

164,761

107,489

DEPRECIATION

At 1 November 2024

59,318

50,959

44,498

Charge for year

56,351

19,392

12,598

At 31 October 2025

115,669

70,351

57,096

NET BOOK VALUE

At 31 October 2025

1,587,529

94,410

50,393

At 31 October 2024

1,643,880

92,011

62,991

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

18,236

21,270

1,993,163

Additions

6,150

5,977

33,918

At 31 October 2025

24,386

27,247

2,027,081

DEPRECIATION

At 1 November 2024

4,377

4,441

163,593

Charge for year

4,001

8,375

100,717

At 31 October 2025

8,378

12,816

264,310

NET BOOK VALUE

At 31 October 2025

16,008

14,431

1,762,771

At 31 October 2024

13,859

16,829

1,829,570

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

57,277

-

Amounts owed by group undertakings

6,335,962

315,521

Other debtors

140,551

179,059

Amounts owed by related party

819,919

468,248

Directors' current accounts

22,866

-

Prepayments

4,614

19,615

7,381,189

982,443

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

656,773

719,106

Hire purchase contracts

20,200

17,991

Trade creditors

3,641,497

2,843,922

Amounts owed to group undertakings

280,452

-

Social security and other taxes

209,668

230,553

VAT

156,772

48,090

Other creditors

129,244

115,910

Directors' current accounts

-

7,084

Accrued expenses

24,420

13,228

5,119,026

3,995,884

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans - 1-2 years

271,773

16,470

Bank loans - 2-5 years

815,038

-

Bank loans more 5 yr by instal

4,213,908

-

Hire purchase contracts

20,692

40,892

5,321,411

57,362

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,213,908

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

5,957,492

735,576

Trade creditors

2,806,740

2,843,922

8,764,232

3,579,498

The company has borrowings secured in favour of HSBC UK Bank plc and Harvest Energy (BLA) Limited. Security includes:

- A charge in favour of HSBC UK Bank plc over the freehold property at 327 Dudley Road, Wolverhampton WV2 3JY (Title No. SF77318).

- Charges in favour of Harvest Energy (BLA) Limited over the same property (Title No. SF77318).

- A charge in favour of HSBC UK Bank plc over certain cash deposits.

- A debenture dated 30 January 2025 in favour of HSBC UK Bank plc comprising fixed and floating charges over substantially all of the company's assets.

The company's bank loans are also secured by legal charges over certain properties owned by its parent undertaking, Rondel Holdings Limited. The security is held by HSBC UK Bank plc. The parent undertaking has pledged those properties as security for amounts owed by the company under the relevant lending arrangements.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Rondel Holdings Limited.

The ultimate controlling party is L Jangra.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rondel Trading Ltd for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rondel Trading Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rondel Trading Ltd and state those matters that we have agreed to state to the Board of Directors of Rondel Trading Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rondel Trading Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rondel Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rondel Trading Ltd. You consider that Rondel Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rondel Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

28 August 2026