Registered number
11309256
ROSE MICHAEL LTD
Filleted Accounts
30 April 2024
ROSE MICHAEL LTD
Registered number: 11309256
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 169,565 169,565
Current assets
Cash at bank and in hand 5,465 6,827
Creditors: amounts falling due within one year 4 (83,141) (83,230)
Net current liabilities (77,676) (76,403)
Total assets less current liabilities 91,889 93,162
Creditors: amounts falling due after more than one year 5 (74,831) (81,063)
Net assets 17,058 12,099
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,048 12,089
Shareholder's funds 17,058 12,099
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs H R De Morton
Director
Approved by the board on 10 January 2025
ROSE MICHAEL LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 May 2023 169,565
At 30 April 2024 169,565
Historical cost
At 1 May 2023 169,565
At 30 April 2024 169,565
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,012 5,792
Trade creditors and accruals 1,986 1,530
Corporation tax 3,999 2,836
Other creditors - director's loan account 71,144 73,072
83,141 83,230
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 74,831 81,063
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 50,784 57,895
Secured bank loans 80,843 86,855
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The company is controlled by it's director/shareholder.
10 Other information
ROSE MICHAEL LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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