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REGISTERED NUMBER: 03973063 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Rosecross Limited

Rosecross Limited (Registered number: 03973063)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rosecross Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr R E Wynne
Mrs G Wynne





SECRETARY: Mr R E Wynne





REGISTERED OFFICE: 295/297 Church Street
Blackpool
FY1 3PJ





BUSINESS ADDRESS: The Rose and Crown
22 Corporation Street
Blackpool
Lancashire
FY1 1EJ





REGISTERED NUMBER: 03973063 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Rosecross Limited (Registered number: 03973063)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,059 29,031

CURRENT ASSETS
Stocks 13,200 12,000
Debtors 5 166,190 164,612
Cash at bank and in hand 19,748 43,654
199,138 220,266
CREDITORS
Amounts falling due within one year 6 262,016 253,908
NET CURRENT LIABILITIES (62,878 ) (33,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,819

)

(4,611

)

CREDITORS
Amounts falling due after more than one
year

7

38,458

47,918
NET LIABILITIES (76,277 ) (52,529 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (76,377 ) (52,629 )
SHAREHOLDERS' FUNDS (76,277 ) (52,529 )

Rosecross Limited (Registered number: 03973063)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr R E Wynne - Director


Rosecross Limited (Registered number: 03973063)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rosecross 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.

The financial statements have been prepared on the going concern basis which is dependant on the continuing support of the creditors..

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold alterations - 4% on cost
Fixtures & equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Rosecross Limited (Registered number: 03973063)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
alterations & equipment Totals
£    £    £   
COST
At 1 May 2023 5,902 197,089 202,991
Additions - 4,200 4,200
At 30 April 2024 5,902 201,289 207,191
DEPRECIATION
At 1 May 2023 4,415 169,545 173,960
Charge for year 236 7,936 8,172
At 30 April 2024 4,651 177,481 182,132
NET BOOK VALUE
At 30 April 2024 1,251 23,808 25,059
At 30 April 2023 1,487 27,544 29,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 166,190 164,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,168 8,691
Trade creditors 46,265 34,975
Taxation and social security 46,133 51,209
Other creditors 160,450 159,033
262,016 253,908

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 38,458 47,918

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,021 13,426

Rosecross Limited (Registered number: 03973063)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr R E Wynne and Mrs G Wynne
Balance outstanding at start of year 3,449 -
Amounts advanced - 3,449
Amounts repaid (3,449 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,449

9. RELATED PARTY DISCLOSURES

Within debtors is amounts owed to the company by West Coast Chock Limited of £144,436, and by Inville Limited of £10,474 both these companies are controlled by RE & G Wynne.

10. GOING CONCERN

The company's balance sheet shows an excess of liabilities over assets of £76,277. The company is dependant upon the continued support of its major creditors in particular the Brewery by way of "other creditors " to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future and hence the financial statements have been prepared on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support of the creditors.