IRIS Accounts Production v24.1.0.578 08297023 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082970232022-11-30082970232023-11-30082970232022-12-012023-11-30082970232021-11-30082970232021-12-012022-11-30082970232022-11-3008297023ns15:EnglandWales2022-12-012023-11-3008297023ns14:PoundSterling2022-12-012023-11-3008297023ns10:Director12022-12-012023-11-3008297023ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008297023ns10:SmallEntities2022-12-012023-11-3008297023ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008297023ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008297023ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008297023ns10:FullAccounts2022-12-012023-11-3008297023ns10:Director22022-12-012023-11-3008297023ns10:RegisteredOffice2022-12-012023-11-3008297023ns5:CurrentFinancialInstruments2023-11-3008297023ns5:CurrentFinancialInstruments2022-11-3008297023ns5:Non-currentFinancialInstruments2023-11-3008297023ns5:Non-currentFinancialInstruments2022-11-3008297023ns5:ShareCapital2023-11-3008297023ns5:ShareCapital2022-11-3008297023ns5:RetainedEarningsAccumulatedLosses2023-11-3008297023ns5:RetainedEarningsAccumulatedLosses2022-11-3008297023ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3008297023ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3008297023ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3008297023ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3008297023ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3008297023ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-30082970231ns10:Director12022-11-30082970231ns10:Director12021-11-30082970231ns10:Director12022-12-012023-11-30082970231ns10:Director12021-12-012022-11-30082970231ns10:Director12023-11-30082970231ns10:Director12022-11-3008297023ns10:Director222022-11-3008297023ns10:Director222021-11-3008297023ns10:Director222022-12-012023-11-3008297023ns10:Director222021-12-012022-11-3008297023ns10:Director222023-11-3008297023ns10:Director222022-11-30
REGISTERED NUMBER: 08297023 (England and Wales)















Financial Statements for the Year Ended 30th November 2023

for

Rosewood Properties London Limited

Rosewood Properties London Limited (Registered number: 08297023)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rosewood Properties London Limited

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr S U D Opel
Mrs Z Opel





REGISTERED OFFICE: First Floor
87 Kenton Road
Harrow
Middlesex
HA3 0AH





REGISTERED NUMBER: 08297023 (England and Wales)






Rosewood Properties London Limited (Registered number: 08297023)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,950,000 1,950,000

CURRENT ASSETS
Debtors 5 11,924 11,376
Cash at bank and in hand 416,331 120,745
428,255 132,121
CREDITORS
Amounts falling due within one year 6 621,691 718,596
NET CURRENT LIABILITIES (193,436 ) (586,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,756,564

1,363,525

CREDITORS
Amounts falling due after more than one
year

7

(1,233,578

)

(847,315

)

PROVISIONS FOR LIABILITIES (11,508 ) (11,508 )
NET ASSETS 511,478 504,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 511,378 504,602
SHAREHOLDERS' FUNDS 511,478 504,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Rosewood Properties London Limited (Registered number: 08297023)

Balance Sheet - continued
30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th April 2024 and were signed on its behalf by:





Mr S U D Opel - Director


Rosewood Properties London Limited (Registered number: 08297023)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Rosewood Properties London 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 1,950,000
NET BOOK VALUE
At 30th November 2023 1,950,000
At 30th November 2022 1,950,000

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2020 247,965
Valuation in 2021 275,000
Valuation in 2022 (462,398 )
Cost 1,889,433
1,950,000

The Investment properties were valued by the Directors on a market value basis as at 30 November 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 11,924 11,376

Rosewood Properties London Limited (Registered number: 08297023)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 5,857 42,713
Tax 8,246 74,295
VAT 6,629 8,311
Other Creditors 378 190
Tenants' Deposit 24,000 24,000
Directors' loan accounts 573,068 565,674
Accrued expenses 3,513 3,413
621,691 718,596

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 1,233,578 847,315

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,224,000 -

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,857 42,713

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,578 847,315

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,224,000 -

A new bank loan was obtained for a period of 10 years in 2023

Rosewood Properties London Limited (Registered number: 08297023)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

30.11.23 30.11.22
£    £   
Mr S U D Opel
Balance outstanding at start of year 282,837 704,619
Amounts advanced 16,470 13,695
Amounts repaid (12,773 ) (435,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 286,534 282,837

Mrs Z Opel
Balance outstanding at start of year 282,837 704,619
Amounts advanced 16,470 13,695
Amounts repaid (12,773 ) (435,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 286,534 282,837