Rose Construction and Property Development Limited 11341324 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the construction of domestic buildings. Digita Accounts Production Advanced 6.30.9574.0 true true false 11341324 2022-06-01 2023-05-31 11341324 2023-05-31 11341324 bus:OrdinaryShareClass1 2023-05-31 11341324 core:CurrentFinancialInstruments 2023-05-31 11341324 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11341324 core:Non-currentFinancialInstruments 2023-05-31 11341324 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11341324 core:FurnitureFittingsToolsEquipment 2023-05-31 11341324 core:MotorVehicles 2023-05-31 11341324 bus:SmallEntities 2022-06-01 2023-05-31 11341324 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11341324 bus:FullAccounts 2022-06-01 2023-05-31 11341324 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11341324 bus:RegisteredOffice 2022-06-01 2023-05-31 11341324 bus:Director1 2022-06-01 2023-05-31 11341324 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 11341324 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 11341324 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11341324 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 11341324 core:MotorCars 2022-06-01 2023-05-31 11341324 core:MotorVehicles 2022-06-01 2023-05-31 11341324 1 2022-06-01 2023-05-31 11341324 countries:UnitedKingdom 2022-06-01 2023-05-31 11341324 2022-05-31 11341324 core:FurnitureFittingsToolsEquipment 2022-05-31 11341324 core:MotorVehicles 2022-05-31 11341324 2021-06-01 2022-05-31 11341324 2022-05-31 11341324 bus:OrdinaryShareClass1 2022-05-31 11341324 core:CurrentFinancialInstruments 2022-05-31 11341324 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 11341324 core:Non-currentFinancialInstruments 2022-05-31 11341324 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 11341324 core:FurnitureFittingsToolsEquipment 2022-05-31 11341324 core:MotorVehicles 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11341324

Rose Construction and Property Development Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Rose Construction and Property Development Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Rose Construction and Property Development Limited

(Registration number: 11341324)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,948

4,437

Current assets

 

Debtors

5

42,632

40,502

Cash at bank and in hand

 

3,409

-

 

46,041

40,502

Creditors: Amounts falling due within one year

6

(15,805)

(5,556)

Net current assets

 

30,236

34,946

Total assets less current liabilities

 

32,184

39,383

Creditors: Amounts falling due after more than one year

6

(33,333)

(38,889)

Net (liabilities)/assets

 

(1,149)

494

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(1,150)

493

Shareholders' (deficit)/funds

 

(1,149)

494

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Rose Construction and Property Development Limited

(Registration number: 11341324)
Balance Sheet as at 31 May 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 2 April 2024
 

Mr L Rose
Director

 

Rose Construction and Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
109 Cornwall Drive
Bury
Lancashire
BL9 9DP
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing balance

Furniture, fixtures and fittings

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Rose Construction and Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Rose Construction and Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

3,833

3,100

6,933

Disposals

(1,039)

(3,100)

(4,139)

At 31 May 2023

2,794

-

2,794

Depreciation

At 1 June 2022

1,380

1,116

2,496

Eliminated on disposal

(534)

(1,116)

(1,650)

At 31 May 2023

846

-

846

Carrying amount

At 31 May 2023

1,948

-

1,948

At 31 May 2022

2,453

1,984

4,437

5

Debtors

Current

2023
£

2022
£

Other debtors

42,632

40,502

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

5,556

5,556

Other creditors

 

10,249

-

 

15,805

5,556

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

33,333

38,889

 

Rose Construction and Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary £1 Shares of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

33,333

38,889

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,556

5,556

9

Parent and ultimate parent undertaking

The ultimate controlling party is the director.