Registered number
10199980
Roseheath Lettings Limited
Filleted Accounts
31 May 2024
Roseheath Lettings Limited
Registered number: 10199980
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,359,000 1,359,000
Current assets
Cash at bank and in hand 10,546 7,067
Creditors: amounts falling due within one year 4 (5,587) (2,986)
Net current assets 4,959 4,081
Total assets less current liabilities 1,363,959 1,363,081
Creditors: amounts falling due after more than one year 5 (790,672) (806,358)
Net assets 573,287 556,723
Capital and reserves
Called up share capital 20 20
Revaluation reserve 6 482,218 482,218
Profit and loss account 91,049 74,485
Shareholders' funds 573,287 556,723
Continued…
Continued…
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G K McAteer
Director
Approved by the board on 30 September 2024
Roseheath Lettings Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of rents receivable.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost/valuation
At 1 June 2023 1,359,000
At 31 May 2024 1,359,000
Historical cost
At 1 June 2023 876,782
At 31 May 2024 876,782
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 4,354 1,812
Other creditors 1,233 1,174
5,587 2,986
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 790,672 806,358
6 Revaluation reserve 2024 2023
£ £
At 1 June 2023 482,218 140,218
Gain on revaluation of land and buildings - 342,000
At 31 May 2024 482,218 482,218
7 Other information
Roseheath Lettings Limited is a private company limited by shares and incorporated in England. Its registered office is:
98 Heath Lane
Stourbridge
England
DY8 1BD
Roseheath Lettings Limited 10199980 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 G K McAteer No description of principal activity 10199980 2022-06-01 2023-05-31 10199980 core:RevaluationReserve core:LandBuildings 2022-06-01 2023-05-31 10199980 core:WithinOneYear 2023-05-31 10199980 core:AfterOneYear 2023-05-31 10199980 core:ShareCapital 2023-05-31 10199980 core:OtherReservesSubtotal 2023-05-31 10199980 core:RetainedEarningsAccumulatedLosses 2023-05-31 10199980 core:RevaluationReserve 2022-05-31 10199980 2023-06-01 2024-05-31 10199980 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10199980 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10199980 bus:Director40 2023-06-01 2024-05-31 10199980 1 2023-06-01 2024-05-31 10199980 2 2023-06-01 2024-05-31 10199980 core:RevaluationReserve core:LandBuildings 2023-06-01 2024-05-31 10199980 countries:England 2023-06-01 2024-05-31 10199980 bus:FRS102 2023-06-01 2024-05-31 10199980 bus:FilletedAccounts 2023-06-01 2024-05-31 10199980 2024-05-31 10199980 core:WithinOneYear 2024-05-31 10199980 core:AfterOneYear 2024-05-31 10199980 core:ShareCapital 2024-05-31 10199980 core:OtherReservesSubtotal 2024-05-31 10199980 core:RetainedEarningsAccumulatedLosses 2024-05-31 10199980 core:RevaluationReserve 2024-05-31 10199980 2023-05-31 10199980 core:RevaluationReserve 2023-05-31 iso4217:GBP xbrli:pure