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Registered number: 04327073






Rollo Homes Limited


ACCOUNTS

FOR THE YEAR ENDED 30/11/2024
























Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS


ACCOUNTS
FOR THE YEAR ENDED 30/11/2024





DIRECTORS
P O'Brien
S Davis



SECRETARY
P O'Brien


REGISTERED OFFICE
Holly House, 21d Chudleigh Rd
Alphington
Exeter
Devon
EX2 8TS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04327073



ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS


ACCOUNTS
FOR THEYEARENDED30/11/2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	3		4,455		5,940

CURRENT ASSETS
Stock		2,665,650		2,622,500
Debtors	5	810,529		590,774
Cash at bank and in hand		1,329		1,329
		3,477,508		3,214,603
CREDITORS: Amounts falling due within one year	6	696,470		434,721
NET CURRENT ASSETS			2,781,038		2,779,882
TOTAL ASSETS LESS CURRENT LIABILITIES			2,785,493		2,785,822


CREDITORS: Amounts falling due after more than one year	7		1,413,896		1,412,723


PROVISIONS FOR LIABILITIES AND CHARGES	8		-		1,129

NET ASSETS			1,371,597		1,371,970

CAPITAL AND RESERVES

Called up share capital	9		2		2
Revaluation reserve	1d,10		601,000		601,000
Profit and loss account			770,595		770,968
SHAREHOLDERS' FUNDS			1,371,597		1,371,970

For the year ending 30/11/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22/11/2025 and signed on their behalf by



.............................
P O'Brien
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Fixtures and Fittings		25%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. TANGIBLE FIXED ASSETS

	Plant and	Fixtures
	Machinery	and Fittings	Total
	£	£	£
Cost
At 01/12/2023	44,000	3,823	47,823
At 30/11/2024	44,000	3,823	47,823
Depreciation
At 01/12/2023	38,128	3,755	41,883
For the year	1,468	17	1,485
At 30/11/2024	39,596	3,772	43,368
Net Book Amounts
At 30/11/2024	4,404	51	4,455
At 30/11/2023	5,872	68	5,940




4. STOCK	2024	2023
	£	£
Stock comprises:

Stock and work in progress	2,064,650	2,021,500
Revalued stock and work-in-progress	601,000	601,000
	2,665,650	2,622,500




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
VAT	3,647	3,852
Prepayments	-	900
	3,647	4,752

Amounts falling due over more than one year
Long term debtor	806,882	586,022
	806,882	586,022
	810,529	590,774




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
UK corporation tax	14,753	13,870
PAYE control	-	942
Directors current account	385,476	385,476
Bank Loan	12,894	23,093
Long term creditor	267,913	-
Credit card	454	6,053
Trade creditors	9,980	1,287
Accruals	5,000	4,000
	696,470	434,721




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Bank loans (secured) >1yr	1,413,896	1,412,723
	1,413,896	1,412,723




8. PROVISIONS FOR LIABILITIES	2024	2023
	£	£
Deferred taxation	-	1,129
	-	1,129




9. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	2	2




10. REVALUATION RESERVE	2024	2023
	£	£
Revaluation reserve	601,000	601,000
	601,000	601,000