Rossington Park Limited 4489592 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.30.9574.0 true true true 4489592 2023-04-01 2024-03-31 4489592 2024-03-31 4489592 core:RetainedEarningsAccumulatedLosses 2024-03-31 4489592 core:ShareCapital 2024-03-31 4489592 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 4489592 bus:SmallEntities 2023-04-01 2024-03-31 4489592 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 4489592 bus:FullAccounts 2023-04-01 2024-03-31 4489592 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4489592 bus:Director2 2023-04-01 2024-03-31 4489592 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4489592 1 2023-04-01 2024-03-31 4489592 countries:AllCountries 2023-04-01 2024-03-31 4489592 2022-04-01 2023-03-31 4489592 2023-03-31 4489592 core:RetainedEarningsAccumulatedLosses 2023-03-31 4489592 core:ShareCapital 2023-03-31 4489592 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 4489592



Rossington Park Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Rossington Park Limited

(Registration number: 4489592)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

830,710

825,240

Debtors

3

-

5,971

Cash at bank and in hand

 

3,658

1,552

 

834,368

832,763

Creditors: Amounts falling due within one year

4

(959,729)

(957,376)

Net liabilities

 

(125,361)

(124,613)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(125,362)

(124,614)

Shareholders' deficit

 

(125,361)

(124,613)

For the financial year ending 31 March 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 and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................

Mr P J Rossington
Director

 

Rossington Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

Rossington Park Limited is a private company, limited by shares, domiciled in England and Wales, company number 4489592. The registered office is at Sutton House Farm, Mattersey Road, Sutton-cum-Lound, Retford, DN22 8PW.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors and the continued support of the shareholders, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Rossington Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3

Debtors

2024
£

2023
£

Other debtors

-

5,971

4

Creditors

2024
£

2023
£

Due within one year

Amounts owed to group undertakings

190,970

190,970

Other creditors

767,542

765,058

Accrued expenses

1,217

1,348

959,729

957,376

5

Parent and ultimate parent undertaking

The company has taken advantage of the exemption available under FRS 102 and has not disclosed related party transactions which are all considered to be at arms length on normal commercial terms.

The company's immediate parent is Continuity Promotions Limited, incorporated in England.

 The ultimate controlling party is Mr and Mrs P J Rossington.