Registration number:
Rollalong Holdings Ltd
for the Year Ended 31 December 2022
Rollalong Holdings Ltd
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Rollalong Holdings Ltd
Company Information
Directors |
J W Newman R J Newman |
Company secretary |
A S Harrison |
Registered office |
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Rollalong Holdings Ltd
Directors' Report for the Year Ended 31 December 2022
The directors present their report and the financial statements for the year ended 31 December 2022.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a group holding company
Environmental matters
Streamlined Energy & Carbon Reporting (SECR).
The company has applied the exemption given in the Companies Act Sch7.20A not to present the disclosure in its individual accounts due to its inclusion in a group report.
This information is instead reported at consolidated level in the financial statements of the company’s ultimate parent, Newship Group Limited.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Rollalong Holdings Ltd
(Registration number: 3670280)
Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
- |
- |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The directors of the company have elected not to include a copy of the income statement within the financial statements.
Approved and authorised by the
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Rollalong Holdings Ltd
Statement of Changes in Equity for the Year Ended 31 December 2022
Retained earnings |
Total |
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At 1 January 2021 |
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Profit for the year |
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At 31 December 2021 |
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Retained earnings |
Total |
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At 1 January 2022 |
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At 31 December 2022 |
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Rollalong Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated and domiciled in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Income statement
The company has not traded during the current or preceding year and therefore no income statement is presented.
Summary of disclosure exemptions
The company has taken advantage of the exemption from the following information, as permitted by the reduced disclosure regime within FRS 102:
Section 7 'Statement of Cash Flows' - Presentation of a Statement of Cash Flow and related notes and disclosures.
Section 11 'Basic Financial Instruments' & Section 12 'Other Financial Instruments Issues' - Interest income/Expense and net gains/losses for financial instruments not measured at fair value, amount of any impairment loss, risks arising from financial instruments and transferred financial assets not derecognised, loan defaults or breaches and description of hedging relationships.
Section 33 'Related Party Disclosures' - Compensation for key management personnel.
Rollalong Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Group accounts not prepared
These accounts present information in regard to the individual undertaking only and do not include information on its subsidiary.
Judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Critical accounting estimates and assumptions |
The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are currently no critical accounting estimates or areas of judgement that have a significant risk of causing material misstatement. |
Investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
Interests in subsidiaries are assessed for impairment at each reporting date. Any impairments losses or reversals of impairment losses are recognised immediately in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
Financial assets
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Rollalong Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Financial liabilities and equity
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Profit before tax |
The auditors' remuneration is paid by a group company.
None of the directors received any renumeration from the company during the period. (2020: £nil)
Investments |
2022 |
2021 |
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Investments in subsidiaries |
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Subsidiaries |
£ 000 |
Cost |
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At 1 January 2022 and 31 December 2022 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Rollalong Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
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2022 |
2021 |
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Subsidiary undertakings |
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England and Wales |
Ordinary |
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England and Wales |
Ordinary |
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Subsidiary undertakings |
Rollalong Limited The principal activity of Rollalong Limited is |
Rollalong Properties Limited* The principal activity of Rollalong Properties Limited* is |
* 100% subsidiary of Rollalong Limited
The registered and operating addresses of the above subsidiaries is the same as the company's and can be found on page 1.
Debtors |
Current |
Note |
2022 |
2021 |
Amounts owed by related parties |
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Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Reserves |
Reserves of the company represent the following:
Profit and loss account - cumulative profit and loss net of distributions to owners.
Rollalong Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Financial commitments, guarantees and contingencies |
The company is part of a VAT group with Rollalong Limited. At the year end, the company's potential exposure under this agreemant is equal to the VAT creditor in Rollalong Limited.
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Rights, preferences and restrictions
Ordinary shares have the following rights, preferences and restrictions:
The company‘s ordinary shares, which carry no right to fixed income, each carry the right to one vote at general meetings of the company.
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The smallest group for which consolidated accounts including Rollalong Holdings Limited are prepared is Newship Limited. The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is