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REGISTERED NUMBER: 01742973 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

ROSNET LIMITED

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSNET LIMITED

COMPANY INFORMATION
For The Year Ended 5 April 2024







DIRECTORS: Miss Jane Roseigh
Mrs Alison Frances Gibson





SECRETARY: Miss Jane Roseigh





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 01742973 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,079 10,770
Investment property 5 1,856,000 1,856,000
1,864,079 1,866,770

CURRENT ASSETS
Debtors 6 8,656 10,409
Investments 7 28,895 30,847
Cash at bank 44,300 56,475
81,851 97,731
CREDITORS
Amounts falling due within one year 8 5,124 7,968
NET CURRENT ASSETS 76,727 89,763
TOTAL ASSETS LESS CURRENT LIABILITIES 1,940,806 1,956,533

PROVISIONS FOR LIABILITIES 9 111,171 111,197
NET ASSETS 1,829,635 1,845,336

CAPITAL AND RESERVES
Called up share capital 10 122,262 122,262
Share premium 11 88 88
Capital redemption reserve 11 30,333 30,333
Fair value reserve 11 945,741 945,741
Retained earnings 11 731,211 746,912
SHAREHOLDERS' FUNDS 1,829,635 1,845,336

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

BALANCE SHEET - continued
5 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




Mrs Alison Frances Gibson - Director



Miss Jane Roseigh - Director


ROSNET LIMITED (REGISTERED NUMBER: 01742973)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024


1. STATUTORY INFORMATION

Rosnet 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income from letting properties and recharged expenses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 87,126
DEPRECIATION
At 6 April 2023 76,356
Charge for year 2,691
At 5 April 2024 79,047
NET BOOK VALUE
At 5 April 2024 8,079
At 5 April 2023 10,770

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,856,000
NET BOOK VALUE
At 5 April 2024 1,856,000
At 5 April 2023 1,856,000

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024


5. INVESTMENT PROPERTY - continued

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2003 287,801
Valuation in 2004 477,500
Valuation in 2007 604,359
Valuation in 2010 (299,029 )
Valuation in 2016 4,002
Cost 781,367
1,856,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 781,367 781,367

The investment properties were valued on an open market basis on 5 April 2024 by the directors .

The completed investment property is stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard FRS 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''..

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,656 10,409

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment in shares 28,895 30,847

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 3,246
Other creditors 5,124 4,722
5,124 7,968

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 111,171 111,197

ROSNET LIMITED (REGISTERED NUMBER: 01742973)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 6 April 2023 111,197
Accelerated capital allowances (26 )
Balance at 5 April 2024 111,171

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
122,262 Ordinary £1 122,262 122,262

11. RESERVES
Capital Fair
Retained Share redemption value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 6 April 2023 746,912 88 30,333 945,741 1,723,074
Deficit for the year (11,300 ) - - - (11,300 )
Dividends (4,401 ) - - - (4,401 )
At 5 April 2024 731,211 88 30,333 945,741 1,707,373