Company Registration No. 05061219 (England and Wales)
ROSEDALE GROUP LIMITED
Unaudited accounts
for the year ended 30 April 2023
ROSEDALE GROUP LIMITED
Unaudited accounts
Contents
ROSEDALE GROUP LIMITED
Company Information
for the year ended 30 April 2023
Directors
Joseph Martin Reilly
Jeremy Drew
Company Number
05061219 (England and Wales)
Registered Office
1110 LINCOLN ROAD
PETERBOROUGH
PE4 6BP
UNITED KINGDOM
Accountants
Direct Peak Ltd
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
ROSEDALE GROUP LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
5,677
7,541
Cash at bank and in hand
40
40,113
Creditors: amounts falling due within one year
(234,096)
(149,571)
Net current (liabilities)/assets
(65,158)
110,910
Total assets less current liabilities
(59,139)
119,418
Creditors: amounts falling due after more than one year
(20,686)
(31,624)
Provisions for liabilities
Deferred tax
(1,108)
(1,581)
Net (liabilities)/assets
(80,933)
86,213
Called up share capital
1,000
1,000
Profit and loss account
(81,933)
85,213
Shareholders' funds
(80,933)
86,213
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Joseph Martin Reilly
Director
Company Registration No. 05061219
ROSEDALE GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2023
ROSEDALE GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05061219. The registered office is 1110 LINCOLN ROAD, PETERBOROUGH, PE4 6BP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balalnce
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangibles - 25% Straight line
Investments in shares are included at fair value.
4
Intangible fixed assets
Other
ROSEDALE GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
2,767
14,250
50,173
67,190
Disposals
-
(14,250)
(39,599)
(53,849)
At 30 April 2023
2,767
-
11,033
13,800
At 1 May 2022
92
14,250
45,307
59,649
Charge for the year
535
-
1,788
2,323
On disposals
-
(14,250)
(39,599)
(53,849)
At 30 April 2023
627
-
7,496
8,123
At 30 April 2023
2,140
-
3,537
5,677
At 30 April 2022
2,675
-
4,866
7,541
6
Investments
Subsidiary undertakings
Valuation at 1 May 2022
186
Valuation at 30 April 2023
186
Amounts falling due within one year
Trade debtors
35,454
37,689
Accrued income and prepayments
3,488
47,122
Other debtors
129,956
135,557
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
31,406
10,046
Trade creditors
25,199
21,597
Taxes and social security
48,443
6,437
Other creditors
15,893
2,929
Loans from directors
20,529
19,125
ROSEDALE GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2023
9
Creditors: amounts falling due after more than one year
2023
2022
10
Operating lease commitments
2023
2022
At 30 April 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
47,500
61,091
Later than one year and not later than five years
1,208
107,348
11
Transactions with related parties
During the year, the company had the following related party balances owed as follows;
- Exquisite Group Limited, a subsidiary - £89,836 (2022 - £89,236)
- Joseph Creative Business Limited, a related third party under the control of director Mr J Reilly - £40,120 (2022 - £45,120)
12
Average number of employees
During the year the average number of employees was 28 (2022: 27).