Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08326630 2022-04-01 2023-03-31 08326630 2021-04-01 2022-03-31 08326630 2023-03-31 08326630 2022-03-31 08326630 c:Director1 2022-04-01 2023-03-31 08326630 d:CurrentFinancialInstruments 2023-03-31 08326630 d:CurrentFinancialInstruments 2022-03-31 08326630 d:Non-currentFinancialInstruments 2023-03-31 08326630 d:Non-currentFinancialInstruments 2022-03-31 08326630 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08326630 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08326630 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08326630 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08326630 d:ShareCapital 2023-03-31 08326630 d:ShareCapital 2022-03-31 08326630 d:RetainedEarningsAccumulatedLosses 2023-03-31 08326630 d:RetainedEarningsAccumulatedLosses 2022-03-31 08326630 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08326630 c:OrdinaryShareClass1 2023-03-31 08326630 c:OrdinaryShareClass1 2022-03-31 08326630 c:FRS102 2022-04-01 2023-03-31 08326630 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08326630 c:FullAccounts 2022-04-01 2023-03-31 08326630 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08326630 2 2022-04-01 2023-03-31 08326630 6 2022-04-01 2023-03-31 08326630 2 2023-03-31 08326630 2 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08326630









ROSIE FINANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ROSIE FINANCE LIMITED
REGISTERED NUMBER: 08326630

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
16,201,974
18,959,334

Current assets
  

Debtors: amounts falling due after more than one year
 5 
1,773,104
2,023,104

Debtors: amounts falling due within one year
 5 
623,008
465,897

Cash at bank and in hand
 6 
4,771,466
2,237,262

  
7,167,578
4,726,263

Creditors: amounts falling due within one year
 7 
(1,076,014)
(1,211,995)

Net current assets
  
 
 
6,091,564
 
 
3,514,268

Total assets less current liabilities
  
22,293,538
22,473,602

Creditors: amounts falling due after more than one year
 8 
(16,386,515)
(17,058,515)

  

Net assets
  
5,907,023
5,415,087


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
5,906,923
5,414,987

Total equity
  
5,907,023
5,415,087


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
ROSIE FINANCE LIMITED
REGISTERED NUMBER: 08326630
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 November 2023.


L J Beck
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROSIE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Rosie Finance Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue represents interest payable on loans made by the company.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ROSIE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in associates are measured at cost less accumulated impairment.
Unlisted investments, being financing loans made to unrelated businesses, are measured at cost less accumulated impairment

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt
Page 4

 
ROSIE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

  
2.13

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
2,975,045
15,984,289
18,959,334


Additions
51,173
3,836,190
3,887,363


Disposals
-
(6,644,723)
(6,644,723)



At 31 March 2023
3,026,218
13,175,756
16,201,974






Net book value



At 31 March 2023
3,026,218
13,175,756
16,201,974



At 31 March 2022
2,975,045
15,984,289
18,959,334

Page 5

 
ROSIE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
1,773,104
2,023,104


2023
2022
£
£

Due within one year

Trade debtors
128,090
106,160

Other debtors
365,485
310,485

Called up share capital not paid
100
100

Prepayments and accrued income
129,333
49,152

623,008
465,897



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,771,466
2,237,262



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
941,250
991,250

Corporation tax
121,789
122,644

Accruals and deferred income
12,975
98,101

1,076,014
1,211,995



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
16,386,515
17,058,515


Page 6

 
ROSIE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

During the year the company charged interest to LLPs in which the company is a designated member, totalling £160,774 (2022 - £199,186), interest received totalled £99,594 (2022 - £124,939). Profits were allocated from the LLPs totalling £51,173 (2022 - £48,913). As at the balance sheet date, the LLPs owed the company £3,026,218 (2022 - £2,975,045).

 
Page 7