Ros Taylor Company (Holdings) Limited 08824806 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 08824806 2023-03-01 2024-02-29 08824806 2024-02-29 08824806 bus:OrdinaryShareClass1 2024-02-29 08824806 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-02-29 08824806 core:CurrentFinancialInstruments 2024-02-29 08824806 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08824806 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 08824806 core:OtherResidualIntangibleAssets 2024-02-29 08824806 bus:SmallEntities 2023-03-01 2024-02-29 08824806 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08824806 bus:FilletedAccounts 2023-03-01 2024-02-29 08824806 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08824806 bus:RegisteredOffice 2023-03-01 2024-02-29 08824806 bus:Director1 2023-03-01 2024-02-29 08824806 bus:Director12 2023-03-01 2024-02-29 08824806 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08824806 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08824806 core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 08824806 countries:AllCountries 2023-03-01 2024-02-29 08824806 2022-03-01 2023-02-28 08824806 2023-02-28 08824806 bus:OrdinaryShareClass1 2023-02-28 08824806 core:CurrentFinancialInstruments 2023-02-28 08824806 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08824806 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08824806

Ros Taylor Company (Holdings) Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Ros Taylor Company (Holdings) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ros Taylor Company (Holdings) Limited

Company Information

Directors

Mr Matthew Roberts

Mr Russell Albert Burt

Registered office

Hollinwood Business Centre
C/O Actuate Global
Albert Street
Lancashire
OL8 3QL

Accountants

Stewart & Cumming Ltd
31-33 Bridge Street
Musselburgh
Midlothian
EH21 6AA

 

Ros Taylor Company (Holdings) Limited

(Registration number: 08824806)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

408,223

-

Other financial assets

5

2,550,000

2,550,000

 

2,958,223

2,550,000

Current assets

 

Debtors

6

298,705

298,705

Creditors: Amounts falling due within one year

7

(3,497,713)

(3,089,490)

Net current liabilities

 

(3,199,008)

(2,790,785)

Total assets less current liabilities

 

(240,785)

(240,785)

Creditors: Amounts falling due after more than one year

7

(7,830,000)

(7,830,000)

Net liabilities

 

(8,070,785)

(8,070,785)

Capital and reserves

 

Called up share capital

8

150,000

150,000

Retained earnings

(8,220,785)

(8,220,785)

Shareholders' deficit

 

(8,070,785)

(8,070,785)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2024 and signed on its behalf by:
 

.........................................
Mr Russell Albert Burt
Director

 

Ros Taylor Company (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hollinwood Business Centre
C/O Actuate Global
Albert Street
Lancashire
OL8 3QL
United Kingdom

These financial statements were authorised for issue by the Board on 29 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ros Taylor Company (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Ros Taylor Company (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

408,223

408,223

At 29 February 2024

408,223

408,223

Amortisation

Carrying amount

At 29 February 2024

408,223

408,223

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2023

2,550,000

2,550,000

At 29 February 2024

2,550,000

2,550,000

Impairment

Carrying amount

At 29 February 2024

2,550,000

2,550,000

6

Debtors

Current

2024
£

2023
£

Other debtors

298,705

298,705

 

298,705

298,705

7

Creditors

Creditors: amounts falling due within one year

 

Ros Taylor Company (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

408,223

-

Other creditors

 

3,089,490

3,089,490

 

3,497,713

3,089,490

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

7,830,000

7,830,000

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

150,000

150,000

150,000

150,000