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REGISTERED NUMBER: SC382839 (Scotland)




















Rosemary Grant Associates Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Rosemary Grant Associates Limited (Registered number: SC382839)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rosemary Grant Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Grant
S Grant



SECRETARY: S Grant



REGISTERED OFFICE: Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE



REGISTERED NUMBER: SC382839 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Barclays Bank PLC
Leicester
Ascot, Leicestershire
LE87 2BB

Rosemary Grant Associates Limited (Registered number: SC382839)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 594

CURRENT ASSETS
Debtors 5 60,141 73,755
Cash at bank 103,851 64,155
163,992 137,910
CREDITORS
Amounts falling due within one year 6 16,087 20,556
NET CURRENT ASSETS 147,905 117,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,905

117,948

PROVISIONS FOR LIABILITIES - 113
NET ASSETS 147,905 117,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,805 117,735
SHAREHOLDERS' FUNDS 147,905 117,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Rosemary Grant Associates Limited (Registered number: SC382839)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 April 2024 and were signed on its behalf by:





R Grant - Director


Rosemary Grant Associates Limited (Registered number: SC382839)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rosemary Grant Associates Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents net invoiced provision of executive coaching services, excluding value added tax.

Revenue is recognised in line with performance, to the extent that a right to consideration arises. Included in current assets, as "other debtors", are amounts which total £60,000 (2022: £25,000) in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year 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.


Rosemary Grant Associates Limited (Registered number: SC382839)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Rosemary Grant Associates Limited (Registered number: SC382839)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,952
DEPRECIATION
At 1 January 2023 1,358
Charge for year 594
At 31 December 2023 1,952
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 60,141 73,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 13,759 18,678
Other creditors 2,328 1,878
16,087 20,556

Rosemary Grant Associates Limited (Registered number: SC382839)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R Grant and S Grant
Balance outstanding at start of year 48,756 -
Amounts advanced 540 48,756
Amounts repaid (49,155 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141 48,756

The balance on the directors' current account is unsecured. Interest is charged at 2% per annum up to 5 April 2023 and at 2.25% per annum from 6 April 2023 onwards.The balance of £141 was repaid on 31 March 2024.