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REGISTERED NUMBER: 09695887 (England and Wales)















Rose-Mae Properties Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Rose-Mae Properties Limited (Registered number: 09695887)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Rose-Mae Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss E Griffin
J Hodge



REGISTERED OFFICE: 79 Wembdon Hill
Wembdon
BRIDGWATER
Somerset
TA6 7QA



REGISTERED NUMBER: 09695887 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

Rose-Mae Properties Limited (Registered number: 09695887)

Abridged Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,616,950 1,288,000

CURRENT ASSETS
Debtors 1,477 2,487
Cash at bank 19,116 52,644
20,593 55,131
CREDITORS
Amounts falling due within one year 493,390 178,355
NET CURRENT LIABILITIES (472,797 ) (123,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,153

1,164,776

CREDITORS
Amounts falling due after more than one year 6 (699,154 ) (699,154 )

PROVISIONS FOR LIABILITIES (74,847 ) (64,329 )
NET ASSETS 370,152 401,293

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 251,278 300,983
Retained earnings 118,774 100,210
SHAREHOLDERS' FUNDS 370,152 401,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rose-Mae Properties Limited (Registered number: 09695887)

Abridged Statement of Financial Position - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Miss E Griffin - Director


Rose-Mae Properties Limited (Registered number: 09695887)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Rose-Mae Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is included within the financial statements at fair value. Where applicable, gains and losses are recognised within the income statement and held within a separate non-distributable reserve.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rose-Mae Properties Limited (Registered number: 09695887)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,288,000
Additions 368,137
Revaluations (39,187 )
At 31 July 2024 1,616,950
NET BOOK VALUE
At 31 July 2024 1,616,950
At 31 July 2023 1,288,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 1,616,950

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

31.7.24 31.7.23
£    £   
Cost 1,290,825 922,688

Investment property was valued on an open market basis on 31 July 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.24 31.7.23
£    £   
Repayable by instalments
Bank loans 699,154 699,154

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 699,154 699,154

The bank loans are secured over the properties in which they relate to.

Rose-Mae Properties Limited (Registered number: 09695887)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023 300,983
Transfer of unrealised profits (49,705 )

At 31 July 2024 251,278