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REGISTERED NUMBER: 05820049 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Rossam Investments Ltd

Rossam Investments Ltd (Registered number: 05820049)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rossam Investments Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S P Ross





SECRETARY: Mrs R Ross





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 05820049 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Rossam Investments Ltd (Registered number: 05820049)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 633,805 633,805
Investment property 6 2,860,047 2,366,071
3,493,852 2,999,876

CURRENT ASSETS
Debtors 7 218,936 217,842
Cash at bank and in hand 34,541 10,929
253,477 228,771
CREDITORS
Amounts falling due within one year 8 1,532,098 1,320,965
NET CURRENT LIABILITIES (1,278,621 ) (1,092,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,231

1,907,682

CREDITORS
Amounts falling due after more than one
year

9

(1,022,752

)

(843,449

)

PROVISIONS FOR LIABILITIES (3,314 ) (2,518 )
NET ASSETS 1,189,165 1,061,715

CAPITAL AND RESERVES
Called up share capital 1,000 100
Fair value reserve 11 125,352 126,147
Retained earnings 11 1,062,813 935,468
SHAREHOLDERS' FUNDS 1,189,165 1,061,715

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 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.

Rossam Investments Ltd (Registered number: 05820049)

Balance Sheet - 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.

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

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





S P Ross - Director


Rossam Investments Ltd (Registered number: 05820049)

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

1. STATUTORY INFORMATION

Rossam Investments Ltd 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 recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

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.

4. EMPLOYEES AND DIRECTORS

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

Rossam Investments Ltd (Registered number: 05820049)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 633,805
NET BOOK VALUE
At 31 July 2024 633,805
At 31 July 2023 633,805

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 2,366,071
Additions 493,976
At 31 July 2024 2,860,047
NET BOOK VALUE
At 31 July 2024 2,860,047
At 31 July 2023 2,366,071

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amount to £2,731,382 (2023 - £2,237,406).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 7,000 7,000
Other debtors 211,936 210,842
218,936 217,842

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 60,599 49,336
Trade creditors 2,273 (1 )
Taxation and social security 23,282 19,985
Other creditors 1,445,944 1,251,645
1,532,098 1,320,965

Rossam Investments Ltd (Registered number: 05820049)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,022,752 843,449

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 790,074 652,632

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 1,083,351 892,785

First legal mortgage charge over the leasehold properties of Rossam Investments Ltd.

Debenture comprising fixed and floating charges over all the assets and undertaking of both present and future assets of Rossam Investments Ltd.

Guarantee to be given by Mrs R Ross and Mr S P Ross to secure all liabilities of Rossam Investments Ltd is limited to £30,000.

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 935,468 126,147 1,061,615
Profit for the year 126,550 126,550
Deferred tax provision 795 (795 ) -
At 31 July 2024 1,062,813 125,352 1,188,165