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Company Registration No. 02968539 (England and Wales)
ROSEWELL PROPERTIES LIMITED Unaudited accounts for the year ended 31 December 2023
ROSEWELL PROPERTIES LIMITED Unaudited accounts Contents
Page
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ROSEWELL PROPERTIES LIMITED Company Information for the year ended 31 December 2023
Directors
Henry George SIDWELL Paul SIDWELL Rosabel Ogilvie Downie SIDWELL Steven Henry SIDWELL
Company Number
02968539 (England and Wales)
Registered Office
78 THE DRIVE MORDEN SURREY SM4 6DP
Accountants
FR Accounting Services 65 St Helier Avenue Morden Surrey SM4 6HY
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ROSEWELL PROPERTIES LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,189 
67,922 
Investment property
6,746,502 
6,352,010 
6,812,691 
6,419,932 
Current assets
Debtors
7,848 
12,781 
Cash at bank and in hand
54,540 
341,631 
62,388 
354,412 
Creditors: amounts falling due within one year
(396,775)
(522,735)
Net current liabilities
(334,387)
(168,323)
Total assets less current liabilities
6,478,304 
6,251,609 
Creditors: amounts falling due after more than one year
(1,614,717)
(1,614,717)
Provisions for liabilities
Deferred tax
(634,148)
(572,398)
Net assets
4,229,439 
4,064,494 
Capital and reserves
Called up share capital
600 
600 
Revaluation reserve
3,992,939 
3,729,689 
Profit and loss account
235,900 
334,205 
Shareholders' funds
4,229,439 
4,064,494 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
Henry George SIDWELL Director Company Registration No. 02968539
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ROSEWELL PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ROSEWELL PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02968539. The registered office is 78 THE DRIVE, MORDEN, SURREY, SM4 6DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
Motor vehicles
25%
Fixtures & fittings
20%
Computer equipment
20%
Investments properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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ROSEWELL PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
94,228 
17,247 
23,964 
15,738 
151,177 
At 31 December 2023
94,228 
17,247 
23,964 
15,738 
151,177 
Depreciation
At 1 January 2023
28,386 
17,247 
22,527 
15,095 
83,255 
Charge for the year
1,317 
- 
287 
129 
1,733 
At 31 December 2023
29,703 
17,247 
22,814 
15,224 
84,988 
Net book value
At 31 December 2023
64,525 
- 
1,150 
514 
66,189 
At 31 December 2022
65,842 
- 
1,437 
643 
67,922 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
6,352,010 
Additions
69,492 
Net gain from fair value adjustments
325,000 
At 31 December 2023
6,746,502 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,033 
5,258 
Accrued income and prepayments
3,815 
2,523 
Other debtors
- 
5,000 
7,848 
12,781 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
676 
- 
Trade creditors
1,800 
8,542 
Taxes and social security
11,611 
27,097 
Loans from directors
371,834 
480,655 
Deferred income
10,854 
6,441 
396,775 
522,735 
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ROSEWELL PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,614,717 
1,614,717 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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