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REGISTERED NUMBER: 10323412 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MR & MRS ROSE PROPERTIES LIMITED

MR & MRS ROSE PROPERTIES LIMITED (REGISTERED NUMBER: 10323412)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MR & MRS ROSE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K I Rose
R Rose





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 10323412 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

MR & MRS ROSE PROPERTIES LIMITED (REGISTERED NUMBER: 10323412)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 541,001 651,001
541,002 651,002

CURRENT ASSETS
Debtors 6 45,273 206
Cash at bank 2,010,385 2,050,180
2,055,658 2,050,386
CREDITORS
Amounts falling due within one year 7 (524,649 ) (569,292 )
NET CURRENT ASSETS 1,531,009 1,481,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,072,011

2,132,096

CAPITAL AND RESERVES
Called up share capital 2,002 2,002
Share premium 2,790,000 2,790,000
Fair value reserve 44,444 -
Retained earnings (764,435 ) (659,906 )
2,072,011 2,132,096

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 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.

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 23 August 2024 and were signed on its behalf by:





R Rose - Director


MR & MRS ROSE PROPERTIES LIMITED (REGISTERED NUMBER: 10323412)

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


1. STATUTORY INFORMATION

Mr & Mrs Rose Properties 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 as modified by the revaluation of certain assets.

Going Concern
The directors have reasonable expectation that the company has adequate resources to continue to meet its obligations as they fall due. The company continues to adopt the going concern basis when preparing its financial statements.

Turnover
Turnover is measured at the fair value of the rents received or receivable, excluding discounts and rebates.

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.

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changed in fair value is recognised in profit and loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

MR & MRS ROSE PROPERTIES LIMITED (REGISTERED NUMBER: 10323412)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 651,001
Revaluations (110,000 )
At 31 December 2023 541,001
NET BOOK VALUE
At 31 December 2023 541,001
At 31 December 2022 651,001

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (40,997 )
Valuation in 2023 (110,000 )
Cost 691,998
541,001

Investment property was valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Prepayments and accrued income 45,273 206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Tax 2,092 -
Other creditors 4,030 2,050
Directors' current accounts 516,367 565,082
Accruals and deferred income 2,160 2,160
524,649 569,292