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REGISTERED NUMBER: 02036246 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROSELANDS HEATING LIMITED

ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSELANDS HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S M Burgum





REGISTERED OFFICE: 30-32 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 02036246 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 146,194 53,161

CURRENT ASSETS
Debtors 5 516,170 485,898
Cash at bank 256,174 730,373
772,344 1,216,271
CREDITORS
Amounts falling due within one year 6 (442,172 ) (353,271 )
NET CURRENT ASSETS 330,172 863,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,366

916,161

PROVISIONS FOR LIABILITIES (13,098 ) (13,098 )
NET ASSETS 463,268 903,063

CAPITAL AND RESERVES
Called up share capital 7 50 50
Capital redemption reserve 52 52
Retained earnings 463,166 902,961
SHAREHOLDERS' FUNDS 463,268 903,063

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

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

The director acknowledges his 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.

ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)

BALANCE SHEET - continued
31 MARCH 2024


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

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 director and authorised for issue on 28 October 2024 and were signed by:





S M Burgum - Director


ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Roselands Heating 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. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Contract revenues and expenses are recognised by reference to the stage of completion of contract activity where the outcome of the contract can be estimated reliably, otherwise revenue is recognised only to the extent of recoverable contract costs incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 balance sheet date.


ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 43,481 153,916 41,950 239,347
Additions 13,069 135,953 2,090 151,112
Disposals - (66,615 ) - (66,615 )
At 31 March 2024 56,550 223,254 44,040 323,844
DEPRECIATION
At 1 April 2023 34,661 115,598 35,927 186,186
Charge for year 5,472 42,348 5,380 53,200
Eliminated on disposal - (61,736 ) - (61,736 )
At 31 March 2024 40,133 96,210 41,307 177,650
NET BOOK VALUE
At 31 March 2024 16,417 127,044 2,733 146,194
At 31 March 2023 8,820 38,318 6,023 53,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 504,063 479,772
Other debtors 12,107 6,126
516,170 485,898

ROSELANDS HEATING LIMITED (REGISTERED NUMBER: 02036246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 159,163 100,827
Amounts owed to group undertakings 10,378 10,378
Taxation and social security 269,020 222,465
Other creditors 3,611 19,601
442,172 353,271

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50

8. RELATED PARTY DISCLOSURES

During the year the company was charged management charges of £54,000 (2023: £54,000) and rent of £29,000 (2023: £29,000) by its parent company HAB (Eastbourne) Limited. At the year end there was a balance due to HAB (Eastbourne) Limited of £10,378 (2023: £10,378).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of HAB (Eastbourne) Limited. The ultimate controlling party is the Director Mr S Burgum who owns the entire share capital of HAB (Eastbourne) Limited.