Rose Hall Properties LLP OC419361 false 2023-05-01 2024-03-31 2024-03-31 The principal activity of the company is Property development Digita Accounts Production Advanced 6.30.9574.0 OC419361 2023-05-01 2024-03-31 OC419361 2024-03-31 OC419361 core:DerivativesHeldForRiskManagement core:Non-currentFinancialInstruments 2024-03-31 OC419361 core:OtherReservesSubtotal 2024-03-31 OC419361 core:CurrentFinancialInstruments 2024-03-31 OC419361 core:WithinOneYear 2024-03-31 OC419361 core:FurnitureFittings 2024-03-31 OC419361 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 OC419361 core:OfficeEquipment 2024-03-31 OC419361 bus:SmallEntities 2023-05-01 2024-03-31 OC419361 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-03-31 OC419361 bus:FilletedAccounts 2023-05-01 2024-03-31 OC419361 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 OC419361 bus:RegisteredOffice 2023-05-01 2024-03-31 OC419361 bus:PartnerLLP1 2023-05-01 2024-03-31 OC419361 bus:PartnerLLP2 2023-05-01 2024-03-31 OC419361 bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC419361 bus:Agent1 2023-05-01 2024-03-31 OC419361 core:FurnitureFittings 2023-05-01 2024-03-31 OC419361 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-03-31 OC419361 core:LeaseholdImprovements 2023-05-01 2024-03-31 OC419361 core:OfficeEquipment 2023-05-01 2024-03-31 OC419361 countries:AllCountries 2023-05-01 2024-03-31 OC419361 2023-04-30 OC419361 core:FurnitureFittings 2023-04-30 OC419361 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 OC419361 core:OfficeEquipment 2023-04-30 OC419361 2022-05-01 2023-04-30 OC419361 2023-04-30 OC419361 core:OtherReservesSubtotal 2023-04-30 OC419361 core:CurrentFinancialInstruments 2023-04-30 OC419361 core:WithinOneYear 2023-04-30 OC419361 core:FurnitureFittings 2023-04-30 OC419361 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 OC419361 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: OC419361

Rose Hall Properties LLP

Unaudited Filleted Financial Statements

for the period from 1 May 2023 to 31 March 2024

 

Rose Hall Properties LLP

Contents

Limited liability partnership information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 9

 

Rose Hall Properties LLP

Limited liability partnership information

Designated members

B Ferdinand

Mrs L Ferdinand
 

Registered office

D S House
306 High Street
Croydon
Surrey
CR0 1NG

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Rose Hall Properties LLP
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Rose Hall Properties LLP for the period ended 31 March 2024 set out on pages 3 to 9 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Rose Hall Properties LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rose Hall Properties LLP and state those matters that we have agreed to state to the members of Rose Hall Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rose Hall Properties LLP and its members as a body for our work or for this report.

It is your duty to ensure that Rose Hall Properties LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rose Hall Properties LLP. You consider that Rose Hall Properties LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Rose Hall Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

28 January 2025

 

Rose Hall Properties LLP

(Registration number: OC419361)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

961,645

980,970

Investments

4

100,000

100,000

Other non-current financial assets

 

200,000

200,000

 

1,261,645

1,280,970

Current assets

 

Debtors

6

90,771

205,407

Cash and short-term deposits

 

48,465

10,073

 

139,236

215,480

Creditors: Amounts falling due within one year

7

(63,382)

(7,077)

Net current assets

 

75,854

208,403

Net assets attributable to members

 

1,337,499

1,489,373

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

1,349,999

1,492,904

Members’ other interests

 

Other reserves

 

(12,500)

(3,531)

   

1,337,499

1,489,373

Total members' interests

 

Loans and other debts due to members

 

1,349,999

1,492,904

Equity

 

(12,500)

(3,531)

   

1,337,499

1,489,373

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

 

Rose Hall Properties LLP

(Registration number: OC419361)
Balance Sheet as at 31 March 2024

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Rose Hall Properties LLP (registered number OC419361) were approved by the Board and authorised for issue on 28 January 2025. They were signed on behalf of the limited liability partnership by:

.........................................
B Ferdinand
Designated member

 

Rose Hall Properties LLP

Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024

1

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

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

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 functional currency of Rose Hall Properties LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

 

Rose Hall Properties LLP

Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Long Leasehold

1% on cost

Fixtures and fittings

25% on reducing balance

Fixed asset 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

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Rose Hall Properties LLP

Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 3 (2023 - 3).

 

Rose Hall Properties LLP

Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024

3

Tangible fixed assets

Long leasehold land and buildings
£

Fixtures and fittings
 £

Office equipment
 £

Total
£

Cost

At 1 May 2023

989,425

224,430

4,702

1,218,557

Additions

-

929

810

1,739

At 31 March 2024

989,425

225,359

5,512

1,220,296

Depreciation

At 1 May 2023

59,366

174,934

3,287

237,587

Charge for the year

9,069

11,536

459

21,064

At 31 March 2024

68,435

186,470

3,746

258,651

Net book value

At 31 March 2024

920,990

38,889

1,766

961,645

At 30 April 2023

930,059

49,496

1,415

980,970

4

Investments held as fixed assets

2024
£

2023
£

Other investments

100,000

100,000

5

Other financial assets (current and non-current)

Loan
£

Total
£

Non-current financial assets

Cost or valuation

Additions

200,000

200,000

At 31 March 2024

200,000

200,000

Impairment

Carrying amount

At 31 March 2024

200,000

200,000

 

Rose Hall Properties LLP

Notes to the Financial Statements for the Period from 1 May 2023 to 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

1,560

-

Other debtors

88,659

205,014

Prepayments and accrued income

552

393

Total current trade and other debtors

90,771

205,407

7

Creditors: Amounts falling due within one year

2024
£

2023
£

Trade creditors

3,721

1,492

Other creditors

311

311

Accruals and deferred income

28,609

4,350

Taxation and social security

30,741

924

63,382

7,077