Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01truefalsefalseNo description of principal activity22true 11208928 2023-03-01 2024-02-29 11208928 2022-03-01 2023-02-28 11208928 2024-02-29 11208928 2023-02-28 11208928 2022-03-01 11208928 1 2023-03-01 2024-02-29 11208928 1 2022-03-01 2023-02-28 11208928 d:Director1 2023-03-01 2024-02-29 11208928 e:FreeholdInvestmentProperty 2023-03-01 2024-02-29 11208928 e:FreeholdInvestmentProperty 2024-02-29 11208928 e:FreeholdInvestmentProperty 2023-02-28 11208928 e:CurrentFinancialInstruments 2024-02-29 11208928 e:CurrentFinancialInstruments 2023-02-28 11208928 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 11208928 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 11208928 e:ShareCapital 2024-02-29 11208928 e:ShareCapital 2023-02-28 11208928 e:ShareCapital 2022-03-01 11208928 e:RevaluationReserve 2023-03-01 2024-02-29 11208928 e:RevaluationReserve 2024-02-29 11208928 e:RevaluationReserve 1 2023-03-01 2024-02-29 11208928 e:RevaluationReserve 2022-03-01 2023-02-28 11208928 e:RevaluationReserve 2023-02-28 11208928 e:RevaluationReserve 2022-03-01 11208928 e:RevaluationReserve 1 2022-03-01 2023-02-28 11208928 e:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 11208928 e:RetainedEarningsAccumulatedLosses 2024-02-29 11208928 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 11208928 e:RetainedEarningsAccumulatedLosses 2023-02-28 11208928 e:RetainedEarningsAccumulatedLosses 2022-03-01 11208928 d:FRS102 2023-03-01 2024-02-29 11208928 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11208928 d:FullAccounts 2023-03-01 2024-02-29 11208928 d:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11208928 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 11208928







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


ROSE HOMES LTD






































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ROSE HOMES LTD
REGISTERED NUMBER:11208928



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
498,464
290,000

  
498,464
290,000

Current assets
  

Cash at bank and in hand
  
89,113
1,055

  
89,113
1,055

Creditors: amounts falling due within one year
 5 
(451,742)
(90,024)

Net current liabilities
  
 
 
(362,629)
 
 
(88,969)

Total assets less current liabilities
  
135,835
201,031

Provisions for liabilities
  

Deferred tax
  
-
(39,443)

  
 
 
-
 
 
(39,443)

Net assets
  
135,835
161,588


Capital and reserves
  

Called up share capital 
  
100
100

Investment property fair value
  
-
129,111

Profit and loss account
  
135,735
32,377

  
135,835
161,588


Page 1

 


ROSE HOMES LTD
REGISTERED NUMBER:11208928


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M D Rose
Director

Date: 25 September 2024

The notes on pages 4 to 5 form part of these financial statements.

Page 2

 


ROSE HOMES LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Investment property fair value
Profit and loss account
Total equity

£
£
£
£


At 1 March 2022
100
156,375
35,693
192,168



Loss for the year
-
-
(30,580)
(30,580)

Changes in net fair value of investment property
-
-
27,264
27,264

Changes in net fair value of investment property
-
(27,264)
-
(27,264)



At 1 March 2023
100
129,111
32,377
161,588



Loss for the year
-
-
(25,753)
(25,753)

Changes in net fair value of investment property
-
-
129,111
129,111

Changes in net fair value of investment property
-
(129,111)
-
(129,111)


At 29 February 2024
100
-
135,735
135,835


The notes on pages 4 to 5 form part of these financial statements.

Page 3

 


ROSE HOMES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Rose Homes Ltd 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 


ROSE HOMES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
290,000


Additions at cost
524,688


Disposals
(316,224)



At 29 February 2024
498,464

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
28,601
-

Other creditors
421,821
89,024

Accruals and deferred income
1,320
1,000

451,742
90,024



6.


Related party transactions

At the balance sheet date the company owed £421,821 to the directors (2022: £89,024). The balance can be found within creditors due within than one year. This loan is free of interest and repayable on demand.

 
Page 5