ROSE PAT LTD

Company Registration Number:
NI651090 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

ROSE PAT LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

ROSE PAT LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,041,901 2,084,296
Total fixed assets: 2,041,901 2,084,296
Current assets
Cash at bank and in hand: 13,875 206,957
Total current assets: 13,875 206,957
Creditors: amounts falling due within one year:   (1,009,392) (1,033,449)
Net current assets (liabilities): (995,517) (826,492)
Total assets less current liabilities: 1,046,384 1,257,804
Creditors: amounts falling due after more than one year:   (905,301) (1,155,169)
Total net assets (liabilities): 141,083 102,635
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 140,983 102,535
Shareholders funds: 141,083 102,635

The notes form part of these financial statements

ROSE PAT LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Robert O'Hare
Status: Director

The notes form part of these financial statements

ROSE PAT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible assets are stated at cost or at valuation less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets less their estimated residual value over their expected useful lives as followsLand and buildings freehold four percent Straight lineMotor vehicles twenty five percent Straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Other accounting policies

Borrowing costsBorrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.Trade and other creditorsTrade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.Taxation and deferred taxationCurrent tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.Ordinary share capitalThe ordinary share capital of the company is presented as equity.

ROSE PAT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

ROSE PAT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 2,266,129
At 28 February 2023 2,266,129
Depreciation
At 01 March 2022 181,833
Charge for year 42,395
At 28 February 2023 224,228
Net book value
At 28 February 2023 2,041,901
At 28 February 2022 2,084,296

ROSE PAT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Financial commitments

The company had no material capital commitments at the financial year-ended 28 February 2023.

ROSE PAT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.