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REGISTERED NUMBER: 09132164 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023

FOR

ROSEGEM LIMITED

ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROSEGEM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023







DIRECTORS: Mr P Buxton
Mr S Michael
Mr C K Michaels





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 09132164 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

ABRIDGED BALANCE SHEET
28 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,590 -
Investment property 6 5,110,000 5,110,000
5,111,590 5,110,000

CURRENT ASSETS
Debtors 7 56,055 28,214
Cash at bank 15,833 12,446
71,888 40,660
CREDITORS
Amounts falling due within one year 167,705 93,677
NET CURRENT LIABILITIES (95,817 ) (53,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,015,773

5,056,983

CREDITORS
Amounts falling due after more than one
year

8

(3,279,842

)

(3,319,906

)

PROVISIONS FOR LIABILITIES (332,957 ) (332,957 )
NET ASSETS 1,402,974 1,404,120

CAPITAL AND RESERVES
Called up share capital 10 99 99
Fair value reserve 11 1,419,447 1,419,447
Retained earnings (16,572 ) (15,426 )
SHAREHOLDERS' FUNDS 1,402,974 1,404,120

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

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 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.

ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

ABRIDGED BALANCE SHEET - continued
28 MARCH 2023


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 Balance Sheet for the period ended 28 March 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 25 March 2024 and were signed on its behalf by:




Mr C K Michaels - Director Mr P Buxton - Director




Mr S Michael - Director


ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023


1. STATUTORY INFORMATION

Rosegem Limited 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 have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The depreciation on fixtures and fittings is charged at 15% per year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,871
At 28 March 2023 1,871
DEPRECIATION
Charge for period 281
At 28 March 2023 281
NET BOOK VALUE
At 28 March 2023 1,590

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 March 2022
and 28 March 2023 5,110,000
NET BOOK VALUE
At 28 March 2023 5,110,000
At 29 March 2022 5,110,000


7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,360 3,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans 2,638,477 2,678,541

ROSEGEM LIMITED (REGISTERED NUMBER: 09132164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023


9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 2,638,477 2,678,541

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary £1 99 99

11. RESERVES
Fair
value
reserve
£   
At 30 March 2022
and 28 March 2023 1,419,447

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed United Forces Limited, a company holding 33.3% of the issued share capital of Rosegem Limited, £641,365 (2022 - £641,365). This amount is included in amounts falling due after more than one year.

At the balance sheet date, Leftside Limited owed Rosegem Limited £3,360 (2022 - £3,360). This amount is included in amounts receivable after more than one year.

13. ULTIMATE CONTROLLING PARTY

Leftside Limited is the parent company as it holds 66.7% of the issued share capital of Rosegem Limited.

The common directors, Mr P Buxton and Mr S Michael, each own 50% of the issued share capital of Leftside Limited.