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Company No: 09569072 (England and Wales)

ROSELAWN ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ROSELAWN ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ROSELAWN ESTATES LIMITED

BALANCE SHEET

As at 30 April 2024
ROSELAWN ESTATES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 283 354
Investments 4 50 50
333 404
Current assets
Debtors 5 1,330 1,330
Cash at bank and in hand 2,827 3,565
4,157 4,895
Creditors: amounts falling due within one year 6 ( 21,928) ( 21,127)
Net current liabilities (17,771) (16,232)
Total assets less current liabilities (17,438) (15,828)
Net liabilities ( 17,438) ( 15,828)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 17,538 ) ( 15,928 )
Total shareholder's deficit ( 17,438) ( 15,828)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Roselawn Estates Limited (registered number: 09569072) were approved and authorised for issue by the Director on 15 November 2024. They were signed on its behalf by:

J Kelly
Director
ROSELAWN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ROSELAWN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roselawn Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 May 2023 1,800 1,800
At 30 April 2024 1,800 1,800
Accumulated depreciation
At 01 May 2023 1,446 1,446
Charge for the financial year 71 71
At 30 April 2024 1,517 1,517
Net book value
At 30 April 2024 283 283
At 30 April 2023 354 354

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 50
At 30 April 2024 50
Carrying value at 30 April 2024 50
Carrying value at 30 April 2023 50

5. Debtors

2024 2023
£ £
Other debtors 1,330 1,330

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 21,928 21,127