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REGISTERED NUMBER: 13549866 (England and Wales)















Rosedale Care Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Rosedale Care Ltd (Registered number: 13549866)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rosedale Care Ltd

Company Information
for the Year Ended 31 December 2023







Director: Timothy K Ogunleye





Registered office: 23 Marsham Way
Gerrards Cross
South Bucks
SL9 8AB





Registered number: 13549866 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Rosedale Care Ltd (Registered number: 13549866)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 94,600 94,600
Tangible assets 5 1,088,028 1,096,716
1,182,628 1,191,316

Current assets
Stocks 2,000 2,000
Debtors 6 21,044 18,782
Cash at bank and in hand 264,643 63,248
287,687 84,030
Creditors
Amounts falling due within one year 7 141,479 104,809
Net current assets/(liabilities) 146,208 (20,779 )
Total assets less current liabilities 1,328,836 1,170,537

Creditors
Amounts falling due after more than
one year

8

(1,126,944

)

(1,142,615

)

Provisions for liabilities 9 (6,340 ) (5,388 )
Net assets 195,552 22,534

Rosedale Care Ltd (Registered number: 13549866)

Statement of Financial Position - continued
31 December 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 2 2
Retained earnings 195,550 22,532
Shareholders' funds 195,552 22,534

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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





Timothy K Ogunleye - Director


Rosedale Care Ltd (Registered number: 13549866)

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

1. Statutory information

Rosedale Care Ltd 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.

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 is measured at the fair value of residential retirement nursing home fees receivable by the company during the period.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the director it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £9460 and the profit for the year reduced accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Straight Line
Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Rosedale Care Ltd (Registered number: 13549866)

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

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 21 (2022 - 21 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 94,600
Net book value
At 31 December 2023 94,600
At 31 December 2022 94,600

Rosedale Care Ltd (Registered number: 13549866)

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

5. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 1,067,365 36,360 1,103,725
Depreciation
At 1 January 2023 2,347 4,662 7,009
Charge for year 2,348 6,340 8,688
At 31 December 2023 4,695 11,002 15,697
Net book value
At 31 December 2023 1,062,670 25,358 1,088,028
At 31 December 2022 1,065,018 31,698 1,096,716

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 17,219 15,458
Other debtors 3,825 3,324
21,044 18,782

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors (6,992 ) 2,308
Taxation and social security 86,452 29,965
Other creditors 62,019 72,536
141,479 104,809

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 1,126,944 1,142,615

Rosedale Care Ltd (Registered number: 13549866)

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

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 6,340 5,388

Deferred
tax
£   
Balance at 1 January 2023 5,388
Provided during year 952
Balance at 31 December 2023 6,340

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary shares 1 2 2