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REGISTERED NUMBER: 03272136 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ROSE FINANCIAL SERVICES LIMITED

ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSE FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs W E R Henry
E S Henry





SECRETARY: Mrs W E R Henry





REGISTERED OFFICE: 44 Honor Oak Road
London
SE23 3RZ





REGISTERED NUMBER: 03272136 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 134,122 137,947
134,122 137,947

CURRENT ASSETS
Debtors 6 119,540 139,562
Cash at bank 22,048 -
141,588 139,562
CREDITORS
Amounts falling due within one year 7 31,680 28,238
NET CURRENT ASSETS 109,908 111,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,030

249,271

CREDITORS
Amounts falling due after more than one
year

8

(183,781

)

(195,863

)

PROVISIONS FOR LIABILITIES (422 ) -
NET ASSETS 59,827 53,408

CAPITAL AND RESERVES
Called up share capital 59,000 59,000
Retained earnings 827 (5,592 )
SHAREHOLDERS' FUNDS 59,827 53,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





E S Henry - Director


ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Rose Financial Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Fixtures and fittings - 10% on cost
Computer equipment - at varying rates on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 56,000
AMORTISATION
At 1 November 2023
and 31 October 2024 56,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 213,655 1,879 300 215,834
Additions - 685 - 685
At 31 October 2024 213,655 2,564 300 216,519
DEPRECIATION
At 1 November 2023 76,948 838 101 77,887
Charge for year 4,273 199 38 4,510
At 31 October 2024 81,221 1,037 139 82,397
NET BOOK VALUE
At 31 October 2024 132,434 1,527 161 134,122
At 31 October 2023 136,707 1,041 199 137,947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 119,540 139,562

ROSE FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03272136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,081 26,664
Taxation and social security 18,265 170
Other creditors 1,334 1,404
31,680 28,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 183,781 195,863

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 135,293 135,293

Repayable by instalments
Bank loans 48,488 60,570

9. TRANSACTIONS WITH DIRECTORS

During the year, the company paid rent to the directors of £18,000 (2023: £8,400) in respect of the company's trading premises. This is considered to be market rate.

The company voted dividends of £54,000 in favour of the directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.