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REGISTERED NUMBER: 13061562 (England and Wales)









ROSLIM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ROSLIM LIMITED (REGISTERED NUMBER: 13061562)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSLIM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr B Majekodunmi





REGISTERED OFFICE: 251 Grays Inn Road
London
WC1X 8QT





REGISTERED NUMBER: 13061562 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,543 9,429
Tangible assets 5 5,464 10,928
Investment property 6 761,495 760,000
774,502 780,357

CURRENT ASSETS
Debtors 7 130 2,605
Cash at bank 3,621 14,904
3,751 17,509
CREDITORS
Amounts falling due within one year 8 187,911 204,947
NET CURRENT LIABILITIES (184,160 ) (187,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,342

592,919

CREDITORS
Amounts falling due after more than one
year

9

(609,000

)

(609,000

)

PROVISIONS FOR LIABILITIES (29,290 ) (29,375 )
NET LIABILITIES (47,948 ) (45,456 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 87,614 87,614
Retained earnings (136,562 ) (134,070 )
(47,948 ) (45,456 )

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 director acknowledges his 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.

ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 13 September 2024 and were signed by:





Mr B Majekodunmi - Director


ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

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

1. STATUTORY INFORMATION

Roslim 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.

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.

Turnover
Turnover represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on 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.

Financial instruments
The company only enters into basic financial instruments transactions 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 and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has the continued financial support of its director, who has agreed not to request repayment of their loan until the company has the funds available. On this basis the director of Roslim Limited considers it appropriate to prepare accounts on the going concern basis. These financial statements do not include any adjustments that would result in the company suffering further trading losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
fee
£   
COST
At 1 January 2023
and 31 December 2023 13,200
AMORTISATION
At 1 January 2023 3,771
Amortisation for year 1,886
At 31 December 2023 5,657
NET BOOK VALUE
At 31 December 2023 7,543
At 31 December 2022 9,429

ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 16,392
DEPRECIATION
At 1 January 2023 5,464
Charge for year 5,464
At 31 December 2023 10,928
NET BOOK VALUE
At 31 December 2023 5,464
At 31 December 2022 10,928

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 760,000
Additions 1,495
At 31 December 2023 761,495
NET BOOK VALUE
At 31 December 2023 761,495
At 31 December 2022 760,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 116,819
Cost 644,676
761,495

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

2023 2022
£    £   
Cost 644,676 643,181

Investment property was valued on an open market basis on 24 August 2022 by Kent Reliance .

ROSLIM LIMITED (REGISTERED NUMBER: 13061562)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,450
Prepayments 130 155
130 2,605

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 183,295 203,296
Accruals and deferred income 4,616 1,651
187,911 204,947

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 609,000 609,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 609,000 609,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 609,000 609,000