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REGISTERED NUMBER: 02924133 (England and Wales)












ROSEWOOD MANAGEMENT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROSEWOOD MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J A Keen
Mrs A Keen





SECRETARY: J A Keen





REGISTERED OFFICE: Unit 4 The Pavilions
Avroe Crescent
Blackpool
FY4 2DP





REGISTERED NUMBER: 02924133 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,355 9,200
7,355 9,200

CURRENT ASSETS
Debtors 156,311 175,056
Cash at bank and in hand 11,633 26,361
167,944 201,417
CREDITORS
Amounts falling due within one year 146,903 104,761
NET CURRENT ASSETS 21,041 96,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,396

105,856

CREDITORS
Amounts falling due after more than
one year

-

(60,250

)

PROVISIONS FOR LIABILITIES (981 ) (1,241 )
NET ASSETS 27,415 44,365

CAPITAL AND RESERVES
Called up share capital 10,150 10,150
Retained earnings 17,265 34,215
SHAREHOLDERS' FUNDS 27,415 44,365

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.

ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





J A Keen - Director


ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Rosewood Management Services 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.

These financial statements are presented in Sterling, which is the functional currency of the company. All monetary values in these financial statements are rounded to the nearest £.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 20% on cost

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.


ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

ROSEWOOD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02924133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 48,035
Additions 1,706
At 30 April 2024 49,741
DEPRECIATION
At 1 May 2023 38,835
Charge for year 3,551
At 30 April 2024 42,386
NET BOOK VALUE
At 30 April 2024 7,355
At 30 April 2023 9,200

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J A Keen and Mrs A Keen
Balance outstanding at start of year 48,189 60,293
Amounts advanced 87,345 62,896
Amounts repaid (112,172 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,362 48,189

The advances to the directors' are repayable on demand and interest free.