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REGISTERED NUMBER: SC624372 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROSEGATE PROPERTY LTD

ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

ROSEGATE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J H Houlihan
J Croall





REGISTERED OFFICE: 24 Clydeview
Bothwell
Lanarkshire
G71 8NW





REGISTERED NUMBER: SC624372 (Scotland)





ACCOUNTANTS: J Gilmour & Co
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 4 101,504 101,504
Debtors 5 19,942 18,992
Cash at bank 525 1,426
121,971 121,922
CREDITORS
Amounts falling due within one year 6 3,240 3,240
NET CURRENT ASSETS 118,731 118,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,731

118,682

CREDITORS
Amounts falling due after more than one
year

7

135,384

135,384
NET LIABILITIES (16,653 ) (16,702 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (16,655 ) (16,704 )
SHAREHOLDERS' FUNDS (16,653 ) (16,702 )

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

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

ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

BALANCE SHEET - continued
31 MARCH 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 22 January 2025 and were signed on its behalf by:




J Croall - Director



Mrs J H Houlihan - Director


ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

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


1. STATUTORY INFORMATION

Rosegate Property Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 101,504 101,504

ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 15,000 15,000
Directors' current accounts 4,942 3,992
19,942 18,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,500 2,500
Accrued expenses 740 740
3,240 3,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 2,500 2,500
Bank loans - 2-5 years 3,758 3,758
Bank loans more 5 yr by instal 5,376 5,376
Other loans more 5yrs non-inst 123,750 123,750
135,384 135,384

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 123,750 123,750

Repayable by instalments
Bank loans more 5 yr by instal 5,376 5,376

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

ROSEGATE PROPERTY LTD (REGISTERED NUMBER: SC624372)

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


9. RESERVES
Retained
earnings
£   

At 1 April 2023 (16,704 )
Profit for the year 3,049
Dividends (3,000 )
At 31 March 2024 (16,655 )

ROSEGATE PROPERTY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ROSEGATE PROPERTY LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour & Co
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


22 January 2025