Registered number
04170825
Rosan Helmsley Limited
Report and Financial Statements
31 March 2023
Rosan Helmsley Limited
Report and financial statements
Contents
Page
Company information 1
Directors' report 2-3
Independent auditor's report 4-5
Income statement 6
Statement of financial position 7
Statement of changes in equity 8
Notes to the financial statements 9-15
Rosan Helmsley Limited
Company Information
Directors
R E Sandwith
K J Highett
Secretary
JTC (UK) Limited
Scalpel, 18th Floor, 52 Lime Street, London EC3M 7AF
Auditors
PB Associates
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX
Registered office
The Scalpel, 18th Floor
52 Lime Street, London
EC3M 7AF
Registered number
04170825
Rosan Helmsley Limited
Registered number: 04170825
Directors' Report
The directors present their report and financial statements for the year ended 31 March 2023.
Directors
The following persons served as directors during the year:
R E Sandwith
K J Highett
Directors' responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditors
Under section 487(2) of the Companies Act 2006 PB Associates are deemed to be reappointed.
Small companies note
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 26 October 2023 and signed on its behalf.
R E Sandwith
Director
Rosan Helmsley Limited
Report of the Auditors
to the Members of Rosan Helmsley Limited
Opinion
We have audited the financial statements of Rosan Helmsley Limited (the 'company') for the year ended 31 March 2023 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of te Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Directors have has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of Directors.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors’ Responsibilities set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures to respond to risks identified included the following:

Enquires of management, concerning actual and potential litigation and claims.
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
Obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of provisions.
Testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Ashfaq Sharif (Senior Statutory Auditor)
for and on behalf of PB Associates 2 Castle Business Village
Chartered Accountants and Chartered Tax Advisers Station Road
Hampton
Middlesex
26 October 2023 TW12 2BX
Rosan Helmsley Limited
Income Statement
for the year ended 31 March 2023
Notes 2023 2022
£ £
Turnover 2 1,247,380 1,424,956
Administrative expenses (1,317,107) (1,284,083)
Operating (loss)/profit 3 (69,727) 140,873
Loss on sale of fixed assets (6,766) -
Interest receivable 70 15
Interest payable 7 (1,680) (1,575)
(Loss)/profit on ordinary activities before taxation (78,103) 139,313
Tax on (loss)/profit on ordinary activities 8 8,474 (17,935)
(Loss)/profit for the financial year (69,629) 121,378
There was no other comprehensive income for 2023 (2022: £NIL).
The notes on pages 9 to 15 form part of these financial statements.
Rosan Helmsley Limited
Statement of Financial Position
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 9 116,962 107,713
Other assets 10 9,850 9,850
126,812 117,563
Current assets
Debtors 11 114,208 157,649
Cash at bank and in hand 14,710 122,947
128,918 280,596
Creditors: amounts falling due within one year 12 (57,857) (140,730)
Net current assets 71,061 139,866
Total assets less current liabilities 197,873 257,429
Creditors: amounts falling due after more than one year 13 (52,450) (46,839)
Provisions for liabilities
Deferred taxation 15 (11,078) (6,616)
Net assets 134,345 203,974
Capital and reserves
Called up share capital 16 37,596 37,596
Share premium 17 87,405 87,405
Profit and loss account 9,344 78,973
Total equity 134,345 203,974
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf.
R E Sandwith
Director
Approved by the board on 26 October 2023
The notes on pages 9 to 15 form part of these financial statements.
Rosan Helmsley Limited
Statement of Changes in Equity
for the year ended 31 March 2023
Share Share Other Profit Total
capital premium reserves and loss
account
£ £ £ £ £
At 1 April 2021 37,596 87,405 - 157,595 282,596
Profit for the financial year 121,378 121,378
Dividends (200,000) (200,000)
At 31 March 2022 37,596 87,405 - 78,973 203,974
At 1 April 2022 37,596 87,405 - 78,973 203,974
Loss for the financial year (69,629) (69,629)
At 31 March 2023 37,596 87,405 - 9,344 134,345
The notes on pages 9 to 15 form part of these financial statements.
Rosan Helmsley Limited
Notes to the Financial Statements
for the year ended 31 March 2023
1 Summary of significant accounting policies
Basis of preparation
The financial statements 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 applicable 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 rendering of services of independent financial advice and this is recognised in the financial statements in the period the services are provided.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Deferred tax liabilities are not discounted.
Finance and operating lease
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. The rental lease and refurbishment costs associated with the property are charged to the profit and loss over the term of the lease.
Pensions
The company operates a money purchase pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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 debtors and creditors, loans from banks and other third parties.
2 Analysis of turnover 2023 2022
£ £
Independent finanical advice 1,247,380 1,424,956
By geographical market:
United Kingdom 1,247,380 1,424,956
3 Operating profit 2023 2022
£ £
This is stated after charging:
Depreciation of owned fixed assets 19,894 26,527
Depreciation of assets held under finance leases and hire purchase contracts 7,091 7,685
Auditors' remuneration for other services 7,200 7,200
4 Going concern
The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The Directors have performed a robust analysis of the potential impact on the business of possible future scenarios arising from the current economic climate. This has included submission of additional surveys to the FCA outlining any potential impact. This analysis also considers the effectiveness of available measures to assist in mitigating any potential risks.
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.
5 Directors' emoluments 2023 2022
£ £
Emoluments 451,636 438,758
Highest paid director:
Emoluments 339,354 339,033
Company contributions to defined contribution pension plans - 4,000
339,354 343,033
Number of directors to whom retirement benefits accrued: 2023 2022
Number Number
Defined contribution plans 2 2
6 Staff costs 2023 2022
£ £
Wages and salaries 577,846 581,754
Social security costs 75,544 68,313
Other pension costs 40,437 42,841
693,827 692,908
Average number of employees during the year Number Number
Advisor 2 2
Administration 5 5
7 7
7 Interest payable 2023 2022
£ £
Finance charges payable under finance leases and hire purchase contracts 1,680 1,575
8 Taxation 2023 2022
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period (12,936) 21,638
Deferred tax:
Origination and reversal of timing differences 4,462 (3,703)
Tax on (loss)/profit on ordinary activities (8,474) 17,935
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2023 2022
£ £
(Loss)/profit on ordinary activities before tax (78,103) 139,313
Standard rate of corporation tax in the UK 19% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax (14,840) 26,469
Effects of:
Expenses not deductible for tax purposes 7,648 242
Capital allowances for period in excess of depreciation (5,744) 3,161
Utilisation of tax losses - (8,234)
Current tax charge for period (12,936) 21,638
9 Tangible fixed assets
Plant and machinery Motor vehicles Total
At cost At cost
£ £ £
Cost or valuation
At 1 April 2022 420,207 67,624 487,831
Additions - 53,000 53,000
Disposals - (47,689) (47,689)
At 31 March 2023 420,207 72,935 493,142
Depreciation
At 1 April 2022 340,633 39,485 380,118
Charge for the year 19,894 7,091 26,985
On disposals - (30,923) (30,923)
At 31 March 2023 360,527 15,653 376,180
Carrying amount
At 31 March 2023 59,680 57,282 116,962
At 31 March 2022 79,574 28,139 107,713
10 Other assets 2023
£
Other assets
At 1 April 2022 9,850
At 31 March 2023 9,850
11 Debtors 2023 2022
£ £
Trade debtors 40,375 55,185
Other debtors 12,936 -
Prepayments and accrued income 60,897 102,464
114,208 157,649
12 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 11,585 4,396
Trade creditors 13,383 43,698
Corporation tax - 21,638
Other taxes and social security costs 20,514 38,998
Other creditors 12,375 32,000
57,857 140,730
13 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 31,250 20,839
Other creditors 21,200 26,000
52,450 46,839
14 Obligations under finance leases and hire purchase 2023 2022
contracts £ £
Amounts payable:
Within one year 11,585 4,396
Within two to five years 31,250 20,839
42,835 25,235
15 Deferred taxation 2023 2022
£ £
Accelerated capital allowances 11,078 6,616
2023 2022
£ £
At 1 April 6,616 10,319
Charged/(credited) to the statement of income 4,462 (3,703)
At 31 March 11,078 6,616
16 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 30,452 30,452 30,452
B Ordinary shares £1 each 7,144 7,144 7,144
37,596 37,596
17 Share premium 2023 2022
£ £
At 1 April 87,405 87,405
At 31 March 87,405 87,405
18 Dividends 2023 2022
£ £
Dividends on ordinary shares - 200,000
19 Presentation currency
The financial statements are presented in Sterling.
20 Legal form of entity and country of incorporation
Rosan Helmsley Limited is a private company limited by shares and incorporated in England.
21 Principal place of business
The address of the company's registered office is:
The Scalpel, 18th Floor
52 Lime Street, London
EC3M 7AF
The address of the company's principal place of business is:
1000 Cathedral Square
Cathedral Hill
Guildford
Surrey
GU2 7YL
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