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REGISTERED NUMBER: SC646488 (Scotland)















Rosewell Ventures Ltd.

Unaudited Financial Statements for the Year Ended 30 November 2023






Rosewell Ventures Ltd. (Registered number: SC646488)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rosewell Ventures Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: I A Gillies
A M Neilson





REGISTERED OFFICE: Unit 5 Suite 3 Baltimore Road
Glenrothes
KY6 2PJ





BUSINESS ADDRESS: 3 Mount Frost Place
Markinch
Glenrothes
Fife
KY7 6JH





REGISTERED NUMBER: SC646488 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Rosewell Ventures Ltd. (Registered number: SC646488)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Inventories 190,987 -
Debtors 4 4,584 1,000
Cash at bank 2,061 -
197,632 1,000
CREDITORS
Amounts falling due within one year 5 196,647 -
NET CURRENT ASSETS 985 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES 985 1,000

CAPITAL AND RESERVES
Called up share capital 6 2,000 1,000
Retained earnings (1,015 ) -
SHAREHOLDERS' FUNDS 985 1,000

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

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

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 29 August 2024 and were signed on its behalf by:



I A Gillies - Director



A M Neilson - Director


Rosewell Ventures Ltd. (Registered number: SC646488)

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

1. STATUTORY INFORMATION

Rosewell Ventures Ltd. is a private company, limited by shares , registered in Scotland. 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.

Inventories
Inventories are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads, not including any general administrative overheads, that have been incurred in bringing the inventories to their present location and condition.
Net realisable value represents the estimated net selling price less estimated total costs of completion of the finished goods.

Land held for development is recorded at the lower of direct cost and net realisable value. Direct cost comprises the cost of land, raw materials, development costs and interest but excludes indirect overheads.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,584 1,000

Rosewell Ventures Ltd. (Registered number: SC646488)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,000 -
Other creditors 192,647 -
196,647 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £1 2,000 1,000

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.