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COMPANY REGISTRATION NUMBER: 03420483
Rosary Gardens Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 August 2023
Rosary Gardens Limited
Company Limited by Guarantee
Balance Sheet
31 August 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
7,454
9,281
Creditors: amounts falling due within one year
5
1,185
1,260
-------
-------
Net current assets
6,269
8,021
-------
-------
Total assets less current liabilities
6,269
8,021
-------
-------
Net assets
6,269
8,021
-------
-------
Capital and reserves
Profit and loss account
6,269
8,021
-------
-------
Members funds
6,269
8,021
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
E A Ashley
Director
Company registration number: 03420483
Rosary Gardens Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 9 Hereford Square, London, SW7 4TT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the amounts receivable for service charges.
Income tax
The company is liable to UK corporation tax on interest receivable. The company received no interest during the period and consequently there is no tax charge.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Company limited by guarantee
The company is limited by guarantee. Each of its members is liable to contribute up to £10 to the assets of the company in the event of liquidation. As at 31 August 2023 there were 3 members (2022 - 4).
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
675
750
Other creditors
510
510
-------
-------
1,185
1,260
-------
-------
6. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
7,454
9,281
-------
-------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
1,185
1,260
-------
-------