Company Registration No. 11352965 (England and Wales)
Rosemont Property Ltd
Unaudited accounts
for the year ended 31 May 2024
Rosemont Property Ltd
Unaudited accounts
Contents
Rosemont Property Ltd
Company Information
for the year ended 31 May 2024
Company Number
11352965 (England and Wales)
Registered Office
JSM PARTNERS
BRIGHTFIELD BUSINESS HUB
PETERBOROUGH
CAMBRIDGESHIRE
PE2 6XU
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
Rosemont Property Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
487,158
339,405
Cash at bank and in hand
566
155,591
Creditors: amounts falling due within one year
(378,479)
(343,639)
Net current liabilities
(377,913)
(188,048)
Total assets less current liabilities
109,245
151,357
Creditors: amounts falling due after more than one year
(320,478)
(324,048)
Net liabilities
(211,233)
(172,691)
Called up share capital
1
1
Profit and loss account
(211,234)
(172,692)
Shareholders' funds
(211,233)
(172,691)
For the year ending 31 May 2024 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 director acknowledges his 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 and authorised for issue on 6 August 2024 and were signed on its behalf by
Justin Vermaak
Director
Company Registration No. 11352965
Rosemont Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Rosemont Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11352965. The registered office is JSM PARTNERS, BRIGHTFIELD BUSINESS HUB, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6XU, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
312,378
42,235
354,613
Additions
157,965
447
158,412
At 31 May 2024
470,343
42,682
513,025
At 1 June 2023
-
15,208
15,208
Charge for the year
-
10,659
10,659
At 31 May 2024
-
25,867
25,867
At 31 May 2024
470,343
16,815
487,158
At 31 May 2023
312,378
27,027
339,405
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
21,190
21,192
Loans from directors
357,289
322,447
Rosemont Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
320,478
324,048
During the year loans totalling £357,289 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).