Acorah Software Products - Accounts Production 15.0.600 false true true false 10 May 2023 31 March 2024 31 March 2024 14860566 Mrs R Adib Dr M Ghazavi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14860566 2023-05-09 14860566 2024-03-31 14860566 2023-05-10 2024-03-31 14860566 frs-core:CurrentFinancialInstruments 2024-03-31 14860566 frs-core:ShareCapital 2024-03-31 14860566 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14860566 frs-bus:PrivateLimitedCompanyLtd 2023-05-10 2024-03-31 14860566 frs-bus:FilletedAccounts 2023-05-10 2024-03-31 14860566 frs-bus:SmallEntities 2023-05-10 2024-03-31 14860566 frs-bus:AuditExempt-NoAccountantsReport 2023-05-10 2024-03-31 14860566 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-10 2024-03-31 14860566 frs-core:UnlistedNon-exchangeTraded 2024-03-31 14860566 frs-core:UnlistedNon-exchangeTraded 2023-05-09 14860566 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-09 14860566 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 14860566 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 14860566 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-09 14860566 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 14860566 frs-bus:Director1 2023-05-10 2024-03-31 14860566 frs-bus:Director2 2023-05-10 2024-03-31 14860566 frs-countries:EnglandWales 2023-05-10 2024-03-31
Registered number: 14860566
Rosegold International Holdings Ltd
Unaudited Financial Statements
For the Period 10 May 2023 to 31 March 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14860566
31 March 2024
Notes £ £
FIXED ASSETS
Investments 4 200
200
CURRENT ASSETS
Debtors 5 389,900
Cash at bank and in hand 4,827
394,727
Creditors: Amounts Falling Due Within One Year 6 (4,134 )
NET CURRENT ASSETS (LIABILITIES) 390,593
TOTAL ASSETS LESS CURRENT LIABILITIES 390,793
NET ASSETS 390,793
CAPITAL AND RESERVES
Called up share capital 7 100
Income Statement 390,693
SHAREHOLDERS' FUNDS 390,793
For the period ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs R Adib
Director
17/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rosegold International Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14860566 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of 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.
These financial statements for the period ended 31 March 2024 are the first financial statements of Rosegold International Holdings Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 10 May 2023.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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 debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.5. Fixed asset Investments
Investments in unlisted companies such as interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.6. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 2
Page 3
4. Investments
Unlisted
£
Cost
As at 10 May 2023 -
Additions 200
As at 31 March 2024 200
Provision
As at 10 May 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 200
As at 10 May 2023 -
5. Debtors
31 March 2024
£
Due within one year
Amounts owed by group undertakings 389,900
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Accruals and deferred income 770
Directors' loan accounts 3,364
4,134
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
During the period, the company issued 70 Ordinary A shares, 15 Ordinary B shares and 15 Ordinary C shares for the nominal value of £1 per share. As at 31 March 2024 there are 70 Ordinary A shares, 15 Ordinary B shares and 15 Ordinary C shares in issue.
8. Dividends
31 March 2024
£
On equity shares:
Final dividend paid 197,464
9. Related Party Transactions
As at the period-end, Rosegold International Properties Limited, a fully owned subsidiary of the company, owed the company £389,900. This amount is a current asset, interest free and repayable on demand.
As at the period-end, the directors' loan account balance of Mrs R Adib is £3,364. This amount is a current liability, interest free and repayable on demand.
Page 3