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Registration number: 02118089

The Roseberry Group Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2024

 

The Roseberry Group Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

The Roseberry Group Limited

(Registration number: 02118089)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

107

160

Other financial assets

5

665,810

602,514

 

665,917

602,674

Current assets

 

Debtors

6

168,131

180,169

Cash at bank and in hand

 

3,471

7,762

 

171,602

187,931

Creditors: Amounts falling due within one year

7

(5,519)

(4,826)

Net current assets

 

166,083

183,105

Total assets less current liabilities

 

832,000

785,779

Provisions for liabilities

(57,218)

(31,551)

Net assets

 

774,782

754,228

Capital and reserves

 

Called up share capital

111,050

111,050

Share premium reserve

184,977

184,977

Fair value reserve

171,654

94,652

Profit and loss account

307,101

363,549

Shareholders' funds

 

774,782

754,228

For the financial year ending 30 June 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement has been taken.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:

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

W G Gunston
Director

 

The Roseberry Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is: 15 Ludshott Manor, Woolmer Lane, Bramshott, Liphook, Hampshire, GU30 7RD.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Roseberry Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Asset class

Depreciation method and rate

Plant and machinery

33.3% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined benefit pension obligation

The company is a participating employer the Roseberry Pension Scheme, which is a separate legal entity administered by the Pension Trustee (Mr W G Gunston). The assets of the Scheme are held separately from those of the Employer.

No actuarial valuation of the plan has been carried out as at the valuation date. The scheme does not hold any assets and the costs are met by the Employer as they arise.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

The Roseberry Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

740

740

At 30 June 2024

740

740

Depreciation

At 1 July 2023

580

580

Charge for the year

53

53

At 30 June 2024

633

633

Carrying amount

At 30 June 2024

107

107

At 30 June 2023

160

160

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 July 2023

602,514

602,514

Fair value adjustments

113,102

113,102

Disposals

(49,806)

(49,806)

At 30 June 2024

665,810

665,810

Impairment

Carrying amount

At 30 June 2024

665,810

665,810

6

Debtors

2024
£

2023
£

Other debtors

168,131

180,169

168,131

180,169

 

The Roseberry Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

719

26

Accruals and deferred income

4,800

4,800

5,519

4,826

 

The Roseberry Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Repayments by director
£

At 30 June 2024
£

W G Gunston

Loan to directors

131,255

(5,768)

125,487

       
     

 

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

W G Gunston

Loan to directors

150,500

(19,245)

131,255