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REGISTERED NUMBER: 11208928 (England and Wales)















ROSE HOMES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023






ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company information 1

Accountants' report 2

Abridged statement of financial position 3 to 4

Notes to the financial statements 5 to 7


ROSE HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







Directors: M Rose
L Rose





Registered office: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





Registered number: 11208928 (England and Wales)





Accountants: Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROSE HOMES LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rose Homes Ltd for the year ended 28th February 2023 which comprise the Income statement, Abridged Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rose Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rose Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Rose Homes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rose Homes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rose Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rose Homes Ltd. You consider that Rose Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rose Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


17th November 2023

ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 5 290,000 275,000

CURRENT ASSETS
Cash at bank 1,055 562,756

CREDITORS
Amounts falling due within one year (90,024 ) (11,448 )
NET CURRENT (LIABILITIES)/ASSETS (88,969 ) 551,308
TOTAL ASSETS LESS CURRENT LIABILITIES 201,031 826,308

CREDITORS
Amounts falling due after more than one
year

-

(598,456

)

PROVISIONS FOR LIABILITIES (39,443 ) (35,684 )
NET ASSETS 161,588 192,168

CAPITAL AND RESERVES
Called up share capital 6 100 100
Investment property reserve 7 129,111 156,375
Retained earnings 32,377 35,693
SHAREHOLDERS' FUNDS 161,588 192,168

ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of financial position for the year ended 28th February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11th October 2023 and were signed on its behalf by:





M Rose - Director


ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Rose Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition
Rental income is recognised on a straight line basis over the year in which the rental relates.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is shown in the Income Statement.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Tax
Tax 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 tax 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 statement of financial position date.


ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st March 2022 275,000
Additions 37,047
Change in fair value (22,047 )
At 28th February 2023 290,000
Net book value
At 28th February 2023 290,000
At 28th February 2022 275,000

Investment property fair values were established on an open market basis and based on local residential property values. This was done so on 28th February 2023 by the directors of the company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

ROSE HOMES LTD (REGISTERED NUMBER: 11208928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. RESERVES
Investment
property
reserve
£   
At 1st March 2022 156,375
Change in fair value (22,047 )
Deferred tax (5,217 )

At 28th February 2023 129,111