Acorah Software Products - Accounts Production 16.0.110 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08344379 Dr P Sethi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08344379 2023-01-31 08344379 2024-01-31 08344379 2023-02-01 2024-01-31 08344379 frs-core:CurrentFinancialInstruments 2024-01-31 08344379 frs-core:Non-currentFinancialInstruments 2024-01-31 08344379 frs-core:ShareCapital 2024-01-31 08344379 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08344379 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08344379 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08344379 frs-bus:SmallEntities 2023-02-01 2024-01-31 08344379 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08344379 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08344379 1 2023-02-01 2024-01-31 08344379 frs-bus:Director1 2023-02-01 2024-01-31 08344379 frs-countries:EnglandWales 2023-02-01 2024-01-31 08344379 2022-01-31 08344379 2023-01-31 08344379 2022-02-01 2023-01-31 08344379 frs-core:CurrentFinancialInstruments 2023-01-31 08344379 frs-core:Non-currentFinancialInstruments 2023-01-31 08344379 frs-core:ShareCapital 2023-01-31 08344379 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08344379
Rosetta (PSMD) Property Company Ltd
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08344379
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 176,517 176,517
176,517 176,517
CURRENT ASSETS
Cash at bank and in hand 7,782 23,961
7,782 23,961
Creditors: Amounts Falling Due Within One Year 5 (63,242 ) (55,026 )
NET CURRENT ASSETS (LIABILITIES) (55,460 ) (31,065 )
TOTAL ASSETS LESS CURRENT LIABILITIES 121,057 145,452
Creditors: Amounts Falling Due After More Than One Year 6 (228,050 ) (218,050 )
NET LIABILITIES (106,993 ) (72,598 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (107,093 ) (72,698 )
SHAREHOLDERS' FUNDS (106,993) (72,598)
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr P Sethi
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rosetta (PSMD) Property Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08344379 . The registered office is 19 Rosetta Road, Portsmouth, Hampshire, PO4 8JY. The principal activity of the company in the year under review was that of ownership, management and rental of residential property.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are prepared in pounds sterling, the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
These financial statements have been prepared on a going concern basis as there is no significant doubt or material uncertainty about the company's ability to be profitable once investment properties are renovated and let.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 176,517
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals 1,098 1,050
Director's loan account 62,144 53,976
63,242 55,026
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loans 110,050 100,050
Mortgage 118,000 118,000
228,050 218,050
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
At the balance sheet date the director was owed £62,144 (2023: £53,975) by the company, being the net result of capital introduced and drawings during the period and cummulatively to date. The loan has been made interest free to the company and is repayable on demand. 
At the year end the company owed £50,050 (2023- £50,050) to Medica Aesthetica Limited; an associated company by virtue of common  shareholder and director. This amount was still due as at 31 January 2024. This loan is interest-bearing and repayable on demand. Interest will not be charged until the loan is repaid.
9. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
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