ROGUE CYCLE LIMITED

ROGUE CYCLE LIMITED - Company Information

2022-01-012022-12-312022-12-31false11494782ROGUE CYCLE LIMITED2023-02-21iso4217:GBPxbrli:pure114947822022-01-01114947822022-12-31114947822022-01-012022-12-31114947822021-01-01114947822021-12-31114947822021-01-012021-12-3111494782bus:SmallEntities2022-01-012022-12-3111494782bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3111494782bus:FullAccounts2022-01-012022-12-3111494782bus:PrivateLimitedCompanyLtd2022-01-012022-12-3111494782core:WithinOneYear2022-12-3111494782core:AfterOneYear2022-12-3111494782core:WithinOneYear2021-12-3111494782core:AfterOneYear2021-12-3111494782core:ShareCapital2022-12-3111494782core:SharePremium2022-12-3111494782core:RevaluationReserve2022-12-3111494782core:OtherReservesSubtotal2022-12-3111494782core:RetainedEarningsAccumulatedLosses2022-12-3111494782core:ShareCapital2021-12-3111494782core:SharePremium2021-12-3111494782core:RevaluationReserve2021-12-3111494782core:OtherReservesSubtotal2021-12-3111494782core:RetainedEarningsAccumulatedLosses2021-12-3111494782core:LandBuildings2022-12-3111494782core:PlantMachinery2022-12-3111494782core:Vehicles2022-12-3111494782core:FurnitureFittings2022-12-3111494782core:OfficeEquipment2022-12-3111494782core:NetGoodwill2022-12-3111494782core:IntangibleAssetsOtherThanGoodwill2022-12-3111494782core:ListedExchangeTraded2022-12-3111494782core:UnlistedNon-exchangeTraded2022-12-3111494782core:LandBuildings2021-12-3111494782core:PlantMachinery2021-12-3111494782core:Vehicles2021-12-3111494782core:FurnitureFittings2021-12-3111494782core:OfficeEquipment2021-12-3111494782core:NetGoodwill2021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-12-3111494782core:ListedExchangeTraded2021-12-3111494782core:UnlistedNon-exchangeTraded2021-12-3111494782core:LandBuildings2022-01-012022-12-3111494782core:PlantMachinery2022-01-012022-12-3111494782core:Vehicles2022-01-012022-12-3111494782core:FurnitureFittings2022-01-012022-12-3111494782core:OfficeEquipment2022-01-012022-12-3111494782core:NetGoodwill2022-01-012022-12-3111494782core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111494782core:ListedExchangeTraded2022-01-012022-12-3111494782core:UnlistedNon-exchangeTraded2022-01-012022-12-3111494782core:MoreThanFiveYears2022-01-012022-12-3111494782core:Non-currentFinancialInstruments2022-12-3111494782core:Non-currentFinancialInstruments2021-12-3111494782dpl:CostSales2022-01-012022-12-3111494782dpl:DistributionCosts2022-01-012022-12-3111494782dpl:AdministrativeExpenses2022-01-012022-12-3111494782core:LandBuildings2022-01-012022-12-3111494782core:PlantMachinery2022-01-012022-12-3111494782core:Vehicles2022-01-012022-12-3111494782core:FurnitureFittings2022-01-012022-12-3111494782core:OfficeEquipment2022-01-012022-12-3111494782core:NetGoodwill2022-01-012022-12-3111494782core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111494782dpl:GroupUndertakings2022-01-012022-12-3111494782dpl:ParticipatingInterests2022-01-012022-12-3111494782dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111494782core:ListedExchangeTraded2022-01-012022-12-3111494782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111494782core:UnlistedNon-exchangeTraded2022-01-012022-12-3111494782dpl:CostSales2021-01-012021-12-3111494782dpl:DistributionCosts2021-01-012021-12-3111494782dpl:AdministrativeExpenses2021-01-012021-12-3111494782core:LandBuildings2021-01-012021-12-3111494782core:PlantMachinery2021-01-012021-12-3111494782core:Vehicles2021-01-012021-12-3111494782core:FurnitureFittings2021-01-012021-12-3111494782core:OfficeEquipment2021-01-012021-12-3111494782core:NetGoodwill2021-01-012021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111494782dpl:GroupUndertakings2021-01-012021-12-3111494782dpl:ParticipatingInterests2021-01-012021-12-3111494782dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111494782core:ListedExchangeTraded2021-01-012021-12-3111494782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111494782core:UnlistedNon-exchangeTraded2021-01-012021-12-3111494782core:NetGoodwill2022-12-3111494782core:IntangibleAssetsOtherThanGoodwill2022-12-3111494782core:LandBuildings2022-12-3111494782core:PlantMachinery2022-12-3111494782core:Vehicles2022-12-3111494782core:FurnitureFittings2022-12-3111494782core:OfficeEquipment2022-12-3111494782core:AfterOneYear2022-12-3111494782core:WithinOneYear2022-12-3111494782core:ListedExchangeTraded2022-12-3111494782core:UnlistedNon-exchangeTraded2022-12-3111494782core:ShareCapital2022-12-3111494782core:SharePremium2022-12-3111494782core:RevaluationReserve2022-12-3111494782core:OtherReservesSubtotal2022-12-3111494782core:RetainedEarningsAccumulatedLosses2022-12-3111494782core:NetGoodwill2021-12-3111494782core:IntangibleAssetsOtherThanGoodwill2021-12-3111494782core:LandBuildings2021-12-3111494782core:PlantMachinery2021-12-3111494782core:Vehicles2021-12-3111494782core:FurnitureFittings2021-12-3111494782core:OfficeEquipment2021-12-3111494782core:AfterOneYear2021-12-3111494782core:WithinOneYear2021-12-3111494782core:ListedExch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ROGUE CYCLE LIMITED

Registered Number
11494782
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

ROGUE CYCLE LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	BRAGE, Manuel Santiago
	LAW, Sarah Fiona
	MCCARTHY, Paul Martin


Registered Address	6 Hillside Way
	Withdean
	Brighton
	BN1 5FE


Registered Number	11494782 (England and Wales)

ROGUE CYCLE LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		-		1,897
			-		1,897
Current assets
Debtors		-		1,693
Cash at bank and on hand		3,208		5,546
		3,208		7,239
Creditors amounts falling due within one year	9	(8,895)		(22,230)
Net current assets (liabilities)			(5,687)		(14,991)
Total assets less current liabilities			(5,687)		(13,094)
Creditors amounts falling due after one year	10		(223,205)		(222,496)
Net assets			(228,892)		(235,590)
Capital and reserves
Called up share capital			4		4
Profit and loss account			(228,896)		(235,594)
Shareholders' funds			(228,892)		(235,590)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 21 February 2023, and are signed on its behalf by:

MCCARTHY, Paul Martin
Director
Registered Company No. 11494782

ROGUE CYCLE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	Rogue Cycle Limited operates RogueFitness, a boutique fitness studio based in Brighton, offering indoor cycling.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Fixtures and fittings	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from services is recognised when the service has been rendered.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Coronavirus (COVID-19) Business support grants are recognised once the entity's eligibility had been established and it becomes receivable.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Going concern
	The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors have confirmed that they will continue to give financial support to the company until such time as its position improves and will not withdraw their loans in the next 12 months. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.

Going concern

The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.  The directors have confirmed that they will continue to give financial support to the company until such time as its position improves and will not withdraw their loans in the next 12 months.

At the time of approving the financial statements the directors believe that all  appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.

5.	Employee information
	Pension costs: The company operated a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.


		2022		2021
	Average number of employees during the year	0		1

6.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 22	67,807	7,169	74,976
At 31 December 22	67,807	7,169	74,976
Depreciation and impairment
At 01 January 22	67,655	5,424	73,079
Charge for year	151	1,746	1,897
At 31 December 22	67,806	7,170	74,976
Net book value
At 31 December 22	1	(1)	-
At 31 December 21	152	1,745	1,897

7.	Creditors or instalments due after 5 years
	A bounce back loan of £20,000 was drawn down on 1st August 2020. This amount is included in "Creditors amounts falling due after one year". Payments to date were for interest only. Capital repayments will commence from August 2023 at £265 per month and the principal will be fully repaid by 25 August 2030.

8.	Description of nature of transactions and balances with related parties
	As at 31 December 2021 the directors loans due from the company are £203,205 (2021 £202,496). The loans are included in long term liabilities and will not be redeemed until after 31 December 2023, and only when the directors consider that the company has the finances available to do so. The directors have agreed to waive any interest due under the loans in the period.

9.	Creditors within one year

	2022	2021
	£	£
Finance lease and HP contracts	-	10,553
Other creditors	4	7,328
Accrued liabilities and deferred income	8,891	4,349
Total	8,895	22,230


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	20,000	20,000
Other creditors	203,205	202,496
Total	223,205	222,496


	The bounce back loan principal of £20,000 is repayable by 25 August 2030.