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Registration number: 03703967

Rosey Enterprises Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Rosey Enterprises Limited

Contents

Director's Report

1

Profit and Loss Account

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

Rosey Enterprises Limited

Director's Report for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Charles Guthrie

Principal activity

The principal activity of the company is Business Services, Management of Properies & Other Investments.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 June 2024
 

.........................................
Charles Guthrie
Director

 

Rosey Enterprises Limited

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

5,500

5,524

Gross profit

 

5,500

5,524

Administrative expenses

 

(6,914)

(10,535)

Operating loss

 

(1,414)

(5,011)

Income from participating interests

 

246

192

Interest payable and similar expenses

 

(1,344)

(1,417)

   

(1,098)

(1,225)

Loss before tax

(2,512)

(6,236)

Loss for the financial year

 

(2,512)

(6,236)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Rosey Enterprises Limited

(Registration number: 03703967)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

303,546

105,984

Investments

5

10,000

10,000

 

313,546

115,984

Current assets

 

Debtors

6

5,529

5,000

Cash at bank and in hand

 

8,289

118,982

 

13,818

123,982

Creditors: Amounts falling due within one year

7

(10,000)

(205)

Net current assets

 

3,818

123,777

Total assets less current liabilities

 

317,364

239,761

Creditors: Amounts falling due after more than one year

7

(151,035)

(58,920)

Net assets

 

166,329

180,841

Capital and reserves

 

Called up share capital

8

1,000

1,000

Profit and loss account

165,329

179,841

Shareholders' funds

 

166,329

180,841

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 June 2024
 

.........................................
Charles Guthrie
Director

 

Rosey Enterprises Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 April 2023

1,000

179,841

180,841

Loss for the year

-

(2,512)

(2,512)

Total comprehensive income

-

(2,512)

(2,512)

Dividends

-

(12,000)

(12,000)

At 31 March 2024

1,000

165,329

166,329

Share capital
£

Profit and loss account
£

Total
£

At 1 April 2022

1,000

263,077

264,077

Loss for the year

-

(6,236)

(6,236)

Total comprehensive income

-

(6,236)

(6,236)

Dividends

-

(77,000)

(77,000)

At 31 March 2023

1,000

179,841

180,841

 

Rosey Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Slaters Court
Princess Street
Knutsford
Cheshire
WA16 6BW
England

These financial statements were authorised for issue by the director on 30 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS '102 The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Tax

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold properties

Nil

Leasehold properties

Nil

Furnishings & equipment

25% straight line

Motor vehicles

25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Rosey Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

105,984

105,984

Additions

197,562

197,562

At 31 March 2024

303,546

303,546

Depreciation

At 1 April 2023

-

-

Charge for the year

-

-

At 31 March 2024

-

-

Carrying amount

At 31 March 2024

303,546

303,546

At 31 March 2023

105,984

105,984

Included within the net book value of land and buildings above is £303,546 (2023 - £105,984) in respect of freehold land and buildings.
 

 

Rosey Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Investments

2024
£

2023
£

Investments in associates

10,000

10,000

Associates

£

Cost

At 1 April 2023

10,000

Provision

At 1 April 2023

-

Provision

-

At 31 March 2024

-

Carrying amount

At 31 March 2024

10,000

At 31 March 2023

10,000

6

Debtors

2024
£

2023
£

Prepayments

529

-

Other debtors

5,000

5,000

5,529

5,000

 

Rosey Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

204

Other creditors

10,000

1

10,000

205

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

142,090

49,975

Other non-current financial liabilities

 

8,945

8,945

 

151,035

58,920

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

142,090

49,975