IRIS Accounts Production v24.2.0.383 09675649 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model A ordinary 0.01000 B ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096756492023-03-31096756492024-03-31096756492023-04-012024-03-31096756492022-03-31096756492022-04-012023-03-31096756492023-03-3109675649ns15:EnglandWales2023-04-012024-03-3109675649ns14:PoundSterling2023-04-012024-03-3109675649ns10:Director12023-04-012024-03-3109675649ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109675649ns10:SmallEntities2023-04-012024-03-3109675649ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3109675649ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109675649ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109675649ns10:FullAccounts2023-04-012024-03-3109675649ns10:OrdinaryShareClass12023-04-012024-03-3109675649ns10:OrdinaryShareClass22023-04-012024-03-3109675649ns10:Director22023-04-012024-03-3109675649ns10:RegisteredOffice2023-04-012024-03-3109675649ns5:CurrentFinancialInstruments2024-03-3109675649ns5:CurrentFinancialInstruments2023-03-3109675649ns5:ShareCapital2024-03-3109675649ns5:ShareCapital2023-03-3109675649ns5:RevaluationReserve2024-03-3109675649ns5:RevaluationReserve2023-03-3109675649ns5:RetainedEarningsAccumulatedLosses2024-03-3109675649ns5:RetainedEarningsAccumulatedLosses2023-03-3109675649ns5:FurnitureFittings2023-04-012024-03-3109675649ns5:FurnitureFittings2023-03-3109675649ns5:ComputerEquipment2023-03-3109675649ns5:ComputerEquipment2023-04-012024-03-3109675649ns5:FurnitureFittings2024-03-3109675649ns5:ComputerEquipment2024-03-3109675649ns5:FurnitureFittings2023-03-3109675649ns5:ComputerEquipment2023-03-3109675649ns5:CostValuation2023-03-3109675649ns5:CostValuation2024-03-3109675649ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109675649ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109675649ns10:OrdinaryShareClass12024-03-3109675649ns10:OrdinaryShareClass22024-03-3109675649ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 09675649 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Rosegrove Investments Ltd

Rosegrove Investments Ltd (Registered number: 09675649)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Rosegrove Investments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Williamson
Mrs C Williamson





REGISTERED OFFICE: 100 High Ash Drive
Leeds
West Yorkshire
LS17 8RE





REGISTERED NUMBER: 09675649 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Rosegrove Investments Ltd (Registered number: 09675649)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,477 3,250
Investments 5 48,296 48,296
Investment property 6 1,370,000 1,370,000
1,420,773 1,421,546

CURRENT ASSETS
Debtors 7 11,638 126,588
Cash at bank 1,438,073 781,708
1,449,711 908,296
CREDITORS
Amounts falling due within one year 8 964,529 974,307
NET CURRENT ASSETS/(LIABILITIES) 485,182 (66,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,905,955

1,355,535

PROVISIONS FOR LIABILITIES 26,551 20,178
NET ASSETS 1,879,404 1,335,357

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 96,144 102,516
Retained earnings 1,783,258 1,232,839
SHAREHOLDERS' FUNDS 1,879,404 1,335,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Rosegrove Investments Ltd (Registered number: 09675649)

Balance Sheet - continued
31 March 2024


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 28 August 2024 and were signed on its behalf by:





A J Williamson - Director


Rosegrove Investments Ltd (Registered number: 09675649)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rosegrove Investments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rosegrove Investments Ltd (Registered number: 09675649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 766 4,799 5,565
DEPRECIATION
At 1 April 2023 366 1,949 2,315
Charge for year 60 713 773
At 31 March 2024 426 2,662 3,088
NET BOOK VALUE
At 31 March 2024 340 2,137 2,477
At 31 March 2023 400 2,850 3,250

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,001 28,295 48,296
NET BOOK VALUE
At 31 March 2024 20,001 28,295 48,296
At 31 March 2023 20,001 28,295 48,296

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,370,000
NET BOOK VALUE
At 31 March 2024 1,370,000
At 31 March 2023 1,370,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 122,694
Cost 1,247,306
1,370,000

Rosegrove Investments Ltd (Registered number: 09675649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,247,306 1,247,306

Investment property was valued on an open market basis on 31 March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,412 7,362
Other debtors 4,226 119,226
11,638 126,588

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,958 -
Amounts owed to associates 840,000 840,000
Taxation and social security 29,727 19,352
Other creditors 92,844 114,955
964,529 974,307

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 A ordinary 1p 1 1
100 B ordinary 1p 1 1
2 2

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 102,516
Transfer (6,372 )

At 31 March 2024 96,144

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £122,694 less deferred tax £26,551, non-distributable reserve £96,144.

Rosegrove Investments Ltd (Registered number: 09675649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £75,716 (2023 £95,045) owed to the directors. This loan is interest free and repayable-upon-demand.

12. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £840,000 owed to Provincial Land Developments Ltd.

Investments of £48,296 refers to 50% ownership of the share capital of Provincial Land Developments Ltd and Kris Properties Ltd.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Williamson 50%, Mr A Williamson 25% and Mrs C Williamson 25%, by virtue of them holding 100% of the issued share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rosegrove Investments Ltd

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rosegrove Investments Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rosegrove Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rosegrove Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Rosegrove Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rosegrove Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rosegrove Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rosegrove Investments Ltd. You consider that Rosegrove Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rosegrove Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................