Registered number
08018925
Rosa (2012) Limited
Filleted Accounts
31 March 2023
Rosa (2012) Limited
Registered number: 08018925
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 328,575 336,872
Current assets
Cash at bank and in hand 1,910 2,521
Creditors: amounts falling due within one year 4 (15,446) (15,689)
Net current liabilities (13,536) (13,168)
Net assets 315,039 323,704
Capital and reserves
Called up share capital 5,002 5,002
Profit and loss account 310,037 318,702
Shareholders' funds 315,039 323,704
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.
Mr AE Fell
Director
Approved by the board on 29 November 2023
Rosa (2012) Limited
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
The company's income consists of rental income from its freehold properties.
Tangible fixed assets
Freehold land and buildings are shown cost less accumulated depreciation and are depreciated on a straight line basis over 50 years
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.
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. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 414,849
At 31 March 2023 414,849
Depreciation
At 1 April 2022 77,977
Charge for the year 8,297
At 31 March 2023 86,274
Net book value
At 31 March 2023 328,575
At 31 March 2022 336,872
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,750 8,750
Taxation and social security costs 5,309 6,064
Other creditors 1,387 875
15,446 15,689
5 Other information
Rosa (2012) Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Westmoor Crescent
Pogmoor
Barnsley
South Yorkshire
S75 2JY
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