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REGISTERED NUMBER: 08267782 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Rosewatch Limited

Rosewatch Limited (Registered number: 08267782)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Rosewatch Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Sotiris Xeni
Mrs Ivoulla Xeni





REGISTERED OFFICE: 36-38 Mortimer Street
London
W1W 7RG





REGISTERED NUMBER: 08267782 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Rosewatch Limited (Registered number: 08267782)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 3,766,000 3,273,690

CURRENT ASSETS
Debtors 4 2,000 4,029
Cash at bank 4,837 5,433
6,837 9,462
CREDITORS
Amounts falling due within one year 5 563,001 568,446
NET CURRENT LIABILITIES (556,164 ) (558,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,209,836

2,714,706

CREDITORS
Amounts falling due after more than one year 6 1,286,828 1,168,420
NET ASSETS 1,923,008 1,546,286

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 1,566,704 1,566,704
Retained earnings 9 356,302 (20,420 )
SHAREHOLDERS' FUNDS 1,923,008 1,546,286

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

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

Rosewatch Limited (Registered number: 08267782)

Balance Sheet - continued
31 October 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 26 July 2024 and were signed on its behalf by:





Mr Sotiris Xeni - Director


Rosewatch Limited (Registered number: 08267782)

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

1. STATUTORY INFORMATION

Rosewatch 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 3,273,690
Revaluations 492,310
At 31 October 2023 3,766,000
NET BOOK VALUE
At 31 October 2023 3,766,000
At 31 October 2022 3,273,690

Rosewatch Limited (Registered number: 08267782)

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

3. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 1,499,894
Valuation in 2023 492,310
Cost 1,773,796
3,766,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,000 4,029

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 7) 57,805 55,945
Trade creditors - 60
Tax 1,757 6,862
Other creditors 501,039 503,179
Accruals and deferred income 2,400 2,400
563,001 568,446

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 7) 1,286,828 1,168,420

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,163,750 1,168,420
Deferred tax liability 123,078 -
1,286,828 1,168,420

7. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 57,805 55,945

Amounts falling due in more than five years:

Rosewatch Limited (Registered number: 08267782)

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

7. LOANS - continued
31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,163,750 1,168,420
Deferred tax liability 123,078 -
1,286,828 1,168,420

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary Share £1.00 2 2

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2022 (20,420 ) 1,566,704 1,546,284
Profit for the year 376,722 376,722
At 31 October 2023 356,302 1,566,704 1,923,006

10. RELATED PARTY DISCLOSURES

At the year end the amount of £497,538 (2022: £425,361) was owed to Companies within the Group, named Europride Holdings Ltd.

Mr Sotiris Xeni and Mrs Ivoulla Xeni are both directors and 50% shareholders of Rosewatch Limited.
They are also directors and shareholders of Europride Holdings Ltd.
Mr Sotiris Xeni owns 34% and Mrs Ivoulla Xeni owns 33% of Europride Holdings Ltd.

Rosewatch Limited

Report of the Accountants to the Directors of
Rosewatch Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ


26 July 2024