Registered number
04322906
ROSEWOOD PARK PROPERTY & MANAGEMENT LTD
Filleted Accounts
30 November 2023
ROSEWOOD PARK PROPERTY & MANAGEMENT LTD
Registered number: 04322906
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,693,478 3,202,926
Current assets
Debtors 4 80,445 79,239
Cash at bank and in hand 10,145 134,568
90,590 213,807
Creditors: amounts falling due within one year 5 (336,470) (302,476)
Net current liabilities (245,880) (88,669)
Total assets less current liabilities 3,447,598 3,114,257
Creditors: amounts falling due after more than one year 6 (2,839,917) (2,647,379)
Net assets 607,681 466,878
Capital and reserves
Called up share capital 100 100
Profit and loss account 607,581 466,778
Shareholders' funds 607,681 466,878
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Balraj Singh BIRK
Director
Approved by the board on 28 August 2024
ROSEWOOD PARK PROPERTY & MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 3,195,251 30,000 22,829 3,248,080
Additions 450,028 - 56,590 506,618
At 30 November 2023 3,645,279 30,000 79,419 3,754,698
Depreciation
At 1 December 2022 - 29,548 15,606 45,154
Charge for the year - 113 15,953 16,066
At 30 November 2023 - 29,661 31,559 61,220
Net book value
At 30 November 2023 3,645,279 339 47,860 3,693,478
At 30 November 2022 3,195,251 452 7,223 3,202,926
Freehold land and buildings: 2023 2022
£ £
Historical cost 3,195,251 3,157,210
Cumulative depreciation based on historical cost - -
3,195,251 3,157,210
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Debtors 2023 2022
£ £
Trade debtors 29,445 25,668
Other debtors 51,000 53,571
80,445 79,239
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,656 9,849
Taxation and social security costs 50,386 50,245
Director's loan accounts 242,570 197,794
Other creditors 33,858 44,588
336,470 302,476
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,150 26,612
Shareholders loan 2,822,767 2,620,767
2,839,917 2,647,379
7 Related party transactions
During the period, the company paid rent £48,523 (2022: £42,400) to its directors.

Other debtors include unsecured loan £51,000 (2022: £51,000) to Birk Properties London Ltd, a company incorporated in England and Wales, and controlled by the directors Mr B S Birk with his wife.

The directors loan accounts balance as at balance sheet date is in credit £242,570 (2022: £197,794).

The company received loans from the shareholders and total loan balance amounting to £2,822,767(2022: £2,620,767) as at balance sheet date. The loans were shown as shareholders' loan: amounts falling due after more than one year and the rate of interest charged is 0%.
8 Controlling party
The company is under the control of its directors and their family.
9 Other information
ROSEWOOD PARK PROPERTY & MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
203a Lady Margaret Road,
Southall,
Middlesex,
UB1 2PZ
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