Registered number
12524524
Rosewood Property Group Ltd
Filleted Accounts
31 March 2023
Rosewood Property Group Ltd
Registered number: 12524524
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 896,703 896,703
Current assets
Cash at bank and in hand 8,416 1,300
Creditors: amounts falling due within one year 4 (35,706) (98,696)
Net current liabilities (27,290) (97,396)
Total assets less current liabilities 869,413 799,307
Creditors: amounts falling due after more than one year 5 (941,214) (841,214)
Net liabilities (71,801) (41,907)
Capital and reserves
Called up share capital 1 1
Profit and loss account (71,802) (41,908)
Shareholders' funds (71,801) (41,907)
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.
Prashant Kumar Dhirajlal Soneji
Director
Approved by the board on 20 September 2023
Rosewood Property Group Ltd
Notes to the Accounts
for the year ended 31 March 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 from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 April 2022 896,703
At 31 March 2023 896,703
Property investment consists purchase of 4 HMO's bought in 2021 and 2022. Theres no change in valuation.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors (2,721) 1,963
Taxation and social security costs (230) -
Other creditors 38,657 96,733
35,706 98,696
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 641,214 641,214
Other creditors 300,000 200,000
941,214 841,214
Other creditor includes amounts due to JM Lowndes. Interest at 6% per annum is paid on the outstanding balance.
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 641,214 641,214
Bank Loans secured against the property through a charge registered on companies house.
7 Controlling party
The company is under the control of Prashant Kumar Soneji. He is the Director and 100% shareholder of the company.
8 Other information
Rosewood Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75
Shelton Street
Convent Garden
London
WC2H 9JQ
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