Registered number
11143535
Roost and Perch Ltd
Filleted Accounts
31 January 2023
Roost and Perch Ltd
Registered number: 11143535
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,073,487 724,710
Current assets
Cash at bank and in hand 312,093 723,750
Creditors: amounts falling due within one year 4 (1,710,253) (1,745,879)
Net current liabilities (1,398,160) (1,022,129)
Net liabilities (324,673) (297,419)
Capital and reserves
Called up share capital 100 100
Profit and loss account (324,773) (297,519)
Shareholders' funds (324,673) (297,419)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charlotte Elizabeth Carlton
Director
Approved by the board on 18 October 2023
Roost and Perch Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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 the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Equipment 25% Reducing balance
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going Concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and directors. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2022 724,000 1,409 725,409
Additions 348,954 - 348,954
At 31 January 2023 1,072,954 1,409 1,074,363
Depreciation
At 1 February 2022 - 699 699
Charge for the year - 177 177
At 31 January 2023 - 876 876
Net book value
At 31 January 2023 1,072,954 533 1,073,487
At 31 January 2022 724,000 710 724,710
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,710,253 1,745,879
5 Other information
Roost and Perch Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23a Helen Road
Oxford
Oxfordshire
OX2 0DF
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