Rockwell Homes Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09107394 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ROCKWELL HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Burr

P J Highfield

REGISTERED OFFICE:

1st Floor, Catherine House

Adelaide Street

St. Albans

Hertfordshire

AL3 5BA

REGISTERED NUMBER:

09107394 (England and Wales)

ACCOUNTANTS:

Lovetts Accountants Limited

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

CURRENT ASSETS

Stocks

6,869,147

5,241,374

Debtors

4

7,239,497

105,740

Cash at bank

57,671

53,530

14,166,315

5,400,644

CREDITORS

Amounts falling due within one year

5

1,732,539

153,612

NET CURRENT ASSETS

12,433,776

5,247,032

TOTAL ASSETS LESS CURRENT LIABILITIES

12,433,776

5,247,032

CREDITORS

Amounts falling due after more than one year

6

12,430,165

5,232,612

NET ASSETS

3,611

14,420

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,511

14,320

SHAREHOLDERS' FUNDS

3,611

14,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 19 December 2023 and were signed on its behalf by:

R C Burr - Director

P J Highfield - Director

1.	STATUTORY INFORMATION

Rockwell Homes Limited 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 (£).

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.

DEBTORS

31.3.23

31.3.22

£

£

Amounts falling due within one year:

Trade debtors

7,140,000

-

Other debtors

99,497

34,318

7,239,497

34,318

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

71,422

Aggregate amounts

7,239,497

105,740

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

10,108

10,108

Trade creditors

302,578

-

Taxation and social security

112,437

142,504

Other creditors

1,307,416

1,000

1,732,539

153,612

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

7,434,909

1,863,412

Amounts owed to group undertakings

4,995,256

3,369,200

12,430,165

5,232,612

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans

7,413,008

1,831,403