Roche Retirement Living Ltd - Accounts to registrar (filleted) - small 23.2.5

Roche Retirement Living Ltd - Accounts to registrar (filleted) - small 23.2.5

ROCHE RETIREMENT LIVING LTD - Company Information

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REGISTERED NUMBER: 11043995 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Roche Retirement Living Ltd
Roche Retirement Living Ltd (Registered number: 11043995)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roche Retirement Living Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P J Roche
Mrs C E Roche
P W Roche





REGISTERED OFFICE: Unit 1, Manor Court
Manor Hill Lane
Leeds
West Yorkshire
LS11 8LQ





REGISTERED NUMBER: 11043995 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY
Page 1
Roche Retirement Living Ltd (Registered number: 11043995)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,014 14,108
Investment property 5 28,000 28,000
40,014 42,108

CURRENT ASSETS
Stocks 3,058,646 2,935,371
Debtors 6 119,150 79,487
Cash at bank and in hand 387,468 17,870
3,565,264 3,032,728
CREDITORS
Amounts falling due within one year 7 3,387,293 2,807,374
NET CURRENT ASSETS 177,971 225,354
TOTAL ASSETS LESS CURRENT
LIABILITIES
217,985
267,462

PROVISIONS FOR LIABILITIES 3,004 2,700
NET ASSETS 214,981 264,762

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 214,881 264,662
SHAREHOLDERS' FUNDS 214,981 264,762

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 notes form part of these financial statements

Page 2 continued...
Roche Retirement Living Ltd (Registered number: 11043995)

Balance Sheet - continued
31 July 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:





P J Roche - Director


The notes form part of these financial statements

Page 3
Roche Retirement Living Ltd (Registered number: 11043995)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Roche Retirement Living 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.

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.

Revenue recognition
Revenue is represented by the consideration received from the sale of leasehold interests in apartments (less VAT and other discounts). The revenue is recognised upon the legal completion, being the point where the risks and control are transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
The stock and work in progress held by the company consists of land and property for development, and finished residential properties for sale. These are valued at the lower of cost and net realisable value.

Financial instruments
Basic financial instruments are recognised at amortised costs.

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

Page 4 continued...
Roche Retirement Living Ltd (Registered number: 11043995)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 18,373 1,025 19,398
Additions - 430 430
At 31 July 2023 18,373 1,455 19,828
DEPRECIATION
At 1 August 2022 4,776 514 5,290
Charge for year 2,040 484 2,524
At 31 July 2023 6,816 998 7,814
NET BOOK VALUE
At 31 July 2023 11,557 457 12,014
At 31 July 2022 13,597 511 14,108

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 28,000
NET BOOK VALUE
At 31 July 2023 28,000
At 31 July 2022 28,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 237 323
Other debtors 118,913 79,164
119,150 79,487

Page 5 continued...
Roche Retirement Living Ltd (Registered number: 11043995)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 2,651
Trade creditors 25,328 16,979
Taxation and social security - 39,177
Other creditors 3,361,965 2,748,567
3,387,293 2,807,374

8. SECURED DEBTS

National Westminster Bank PLC holds two fixed and floating charges over all the property and undertakings of the company.
This loan has a guarantee agreed with Roche Healthcare Limited where the bank holds legal charges on five properties held by Roche Healthcare Limited.

Page 6