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REGISTERED NUMBER: 01289917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

ROSTAGLOW LIMITED

ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSTAGLOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs G M Lane
Miss C E I Lane
Mrs L F H Lane
Ms A C Williams
R J Williams





REGISTERED OFFICE: Leigh Place
Leigh Place Road
Leigh
Reigate
Surrey
RH2 8RF





REGISTERED NUMBER: 01289917 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,120 1,400

CURRENT ASSETS
Stocks 1,139,863 1,135,571
Debtors 5 41,202 82,360
Cash at bank 201,209 63,494
1,382,274 1,281,425
CREDITORS
Amounts falling due within one year 6 145,531 332,390
NET CURRENT ASSETS 1,236,743 949,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,237,863

950,435

CREDITORS
Amounts falling due after more than one
year

7

84,924

96,270
NET ASSETS 1,152,939 854,165

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 262 262
Retained earnings 1,152,577 853,803
SHAREHOLDERS' FUNDS 1,152,939 854,165

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

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

ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)

BALANCE SHEET - continued
31 JULY 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 17 April 2024 and were signed on its behalf by:





Mrs G M Lane - Director


ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Rostaglow 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. 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
Turnover comprises the gross proceeds of lease extensions and property sales. The turnover from the sale of the property is recongnised at the date of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial instrument is measured at the present value of the future receipts discounted at a market rate of interest..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 9,986
DEPRECIATION
At 1 August 2022 8,586
Charge for year 280
At 31 July 2023 8,866
NET BOOK VALUE
At 31 July 2023 1,120
At 31 July 2022 1,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 35,479 74,927
Prepayments and accrued income 5,723 7,433
41,202 82,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 94,578 25,187
Social security and other taxes 8,000 -
Other creditors 19,522 279,311
Accrued expenses 23,431 27,892
145,531 332,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 16,182 16,182
Bank loans - 2-5 years 68,742 80,088
84,924 96,270

ROSTAGLOW LIMITED (REGISTERED NUMBER: 01289917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank Loans 84,924 96,270

The bank loans are secured against the properties known as:


- 127,129,135,137,143 and 145 Birkbeck road.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal Value 2023 2022
£    £   
20 Ordinary A £1 20 20
9 Ordinary B £1 9 9
15 Ordinary C £1 15 15
10 Ordinary D £1 10 10
8 Ordinary E £1 8 8
8 Ordinary F £1 8 8
8 Ordinary G £1 8 8
15 Ordinary H £1 15 15
1 Ordinary J £1 1 1
3 Ordinary K £1 3 3
3 Ordinary L £1 3 3
100 100

10. RELATED PARTY DISCLOSURES

At the balance sheet date included within other debtors is £1,271 (2022: £7,713) due from a company in which a director held a controlling interest.