Rollo Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Rollo Developments Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC494933 . The registered office is The Stables, Edinburgh Road, Dalkeith, Scotland, EH22 1JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.4. 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:

Leasehold	5% reducing balance
Plant & Machinery	5% reducing balance
Motor Vehicles	5% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. 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.

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Rollo Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.8. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, 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 taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.9. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2025: 20)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2025	11,000

As at 28 February 2026	11,000

Amortisation
As at 1 March 2025	11,000

As at 28 February 2026	11,000

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	-

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Rollo Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Tangible Assets

	Land & Property
	Leasehold	Investment Properties	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 March 2025	131,755	170,000	220,562	544,280
Additions	2,804	-	42,899	67,641

As at 28 February 2026	134,559	170,000	263,461	611,921

Depreciation
As at 1 March 2025	30,779	-	56,895	81,539
Provided during the period	5,189	-	10,163	26,519

As at 28 February 2026	35,968	-	67,058	108,058

Net Book Value
As at 28 February 2026	98,591	170,000	196,403	503,863

As at 1 March 2025	100,976	170,000	163,667	462,741


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 March 2025	15,983	20,208	1,102,788
Additions	7,127	1,648	122,119

As at 28 February 2026	23,110	21,856	1,224,907

Depreciation
As at 1 March 2025	10,077	14,357	193,647
Provided during the period	2,563	1,500	45,934

As at 28 February 2026	12,640	15,857	239,581

Net Book Value
As at 28 February 2026	10,470	5,999	985,326

As at 1 March 2025	5,906	5,851	909,141

6. Stocks

	2026	2025
	£	£
Stock	80,000	80,000

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Rollo Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	48,980	257,657
Other debtors	192,100	206,003

	241,080	463,660

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	97,074	87,611
Trade creditors	150,401	149,615
Bank loans and overdrafts	75,691	90,567
Other creditors	78,532	67,627
Taxation and social security	150,583	138,813

	552,281	534,233

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	208,310	220,665
Bank loans	369,373	305,977
Other creditors	18,000	18,000

	595,683	544,642

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	97,074	87,611
Later than one year and not later than five years	208,310	220,665

	305,384	308,276

	305,384	308,276

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

12. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

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Rollo Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

13. Ultimate Controlling Party

The company's ultimate controlling party is Sean Rollo by virtue of his ownership of 100% of the issued share capital in the company.

14. Outstanding Charges

Bank of Scotland PLC holds a charge over the investment property in the company and a floating charge which covers all the properties or undertakings of the company.

Together Commercial Finance Limited holds a floating charge over the assets held by the company, and a separate charge specifically over the property 38 Argyle Place, Edinburgh, EH9 1JT.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		985,326		909,141

			985,326		909,141
CURRENT ASSETS
Stocks	6	80,000		80,000
Debtors	7	241,080		463,660
Cash at bank and in hand		274,818		162,657

		595,898		706,317
Creditors: Amounts Falling Due Within One Year	8	(552,281 )		(534,233 )

NET CURRENT ASSETS (LIABILITIES)			43,617		172,084

TOTAL ASSETS LESS CURRENT LIABILITIES			1,028,943		1,081,225

Creditors: Amounts Falling Due After More Than One Year	9		(595,683 )		(544,642 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(136,180 )		(121,251 )

NET ASSETS			297,080		415,332

CAPITAL AND RESERVES
Called up share capital	11		1		1
Revaluation reserve			177,177		177,177
Profit and Loss Account			119,902		238,154

SHAREHOLDERS' FUNDS			297,080		415,332