IRIS Accounts Production v23.3.0.418 13114201 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131142012022-01-31131142012023-01-31131142012022-02-012023-01-31131142012021-01-04131142012021-01-052022-01-31131142012022-01-3113114201ns10:Originalns15:EnglandWales2022-02-012023-01-3113114201ns14:PoundSterlingns10:Original2022-02-012023-01-3113114201ns10:Originalns10:Director12022-02-012023-01-3113114201ns10:Original2022-02-012023-01-3113114201ns10:Original2023-01-3113114201ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3113114201ns10:Originalns10:SmallEntities2022-02-012023-01-3113114201ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3113114201ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3113114201ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3113114201ns10:Originalns10:FullAccounts2022-02-012023-01-3113114201ns10:Original12022-02-012023-01-3113114201ns10:Originalns10:Director22022-02-012023-01-3113114201ns10:Originalns10:RegisteredOffice2022-02-012023-01-3113114201ns10:Original2022-01-3113114201ns10:Originalns5:CurrentFinancialInstruments2023-01-3113114201ns10:Originalns5:CurrentFinancialInstruments2022-01-3113114201ns10:Originalns5:Non-currentFinancialInstruments2023-01-3113114201ns10:Originalns5:Non-currentFinancialInstruments2022-01-3113114201ns5:ShareCapitalns10:Original2023-01-3113114201ns5:ShareCapitalns10:Original2022-01-3113114201ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3113114201ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3113114201ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-012023-01-3113114201ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-02-012023-01-3113114201ns10:Originalns5:PlantMachinery2022-02-012023-01-3113114201ns10:Original2021-01-052022-01-3113114201ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-3113114201ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-3113114201ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-3113114201ns10:Originalns5:PlantMachinery2022-01-3113114201ns10:Originalns5:PlantMachinery2023-01-3113114201ns10:Originalns5:PlantMachinery2022-01-3113114201ns10:Original2022-01-3113114201ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3113114201ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3113114201ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3113114201ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-01-3113114201ns5:Securedns10:Original2023-01-3113114201ns5:Securedns10:Original2022-01-31
REGISTERED NUMBER: 13114201 (England and Wales)









ROOSE SHIRE HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOSE SHIRE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr E Nixon
Mrs S Nixon





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 13114201 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,197 21,595
Tangible assets 5 8,200 7,711
Investment property 6 824,598 401,145
848,995 430,451

CURRENT ASSETS
Debtors 7 2,113 1,205
Cash at bank 2,467 1,619
4,580 2,824
CREDITORS
Amounts falling due within one year 8 666,280 506,543
NET CURRENT LIABILITIES (661,700 ) (503,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,295

(73,268

)

CREDITORS
Amounts falling due after more than one
year

9

(307,500

)

-

PROVISIONS FOR LIABILITIES (39 ) -
NET LIABILITIES (120,244 ) (73,268 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (120,344 ) (73,368 )
(120,244 ) (73,268 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr E Nixon - Director


ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Roose Shire 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.

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 represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has the continued financial support of its directors, who have agreed not to request
repayment of their loans until the company has the funds available. On this basis the directors of
Roose Shire Homes Limited consider it appropriate to prepare accounts on the going concern basis. The financial statements do not include any adjustments that would result in the company suffering further trading losses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 26,994
AMORTISATION
At 1 February 2022 5,399
Charge for year 5,398
At 31 January 2023 10,797
NET BOOK VALUE
At 31 January 2023 16,197
At 31 January 2022 21,595

ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 11,566
Additions 6,517
At 31 January 2023 18,083
DEPRECIATION
At 1 February 2022 3,855
Charge for year 6,028
At 31 January 2023 9,883
NET BOOK VALUE
At 31 January 2023 8,200
At 31 January 2022 7,711

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 401,145
Additions 423,453
At 31 January 2023 824,598
NET BOOK VALUE
At 31 January 2023 824,598
At 31 January 2022 401,145

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 184
Prepayments 2,113 1,021
2,113 1,205

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 661,923 503,848
Accruals and deferred income 4,357 2,695
666,280 506,543

ROOSE SHIRE HOMES LIMITED (REGISTERED NUMBER: 13114201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 307,500 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 307,500 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 307,500 -