Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28true0falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-21No description of principal activity1true 14680031 2023-02-20 14680031 2023-02-21 2024-02-28 14680031 2022-02-21 2023-02-20 14680031 2024-02-28 14680031 c:Director1 2023-02-21 2024-02-28 14680031 d:CurrentFinancialInstruments 2024-02-28 14680031 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14680031 d:ShareCapital 2024-02-28 14680031 d:RetainedEarningsAccumulatedLosses 2024-02-28 14680031 c:OrdinaryShareClass1 2023-02-21 2024-02-28 14680031 c:OrdinaryShareClass1 2024-02-28 14680031 c:FRS102 2023-02-21 2024-02-28 14680031 c:AuditExempt-NoAccountantsReport 2023-02-21 2024-02-28 14680031 c:FullAccounts 2023-02-21 2024-02-28 14680031 c:PrivateLimitedCompanyLtd 2023-02-21 2024-02-28 14680031 e:PoundSterling 2023-02-21 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14680031










ROSE SQUARE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
ROSE SQUARE LIMITED
REGISTERED NUMBER: 14680031

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
Note
£

Current assets
  

Stocks
 4 
150,359

Debtors: amounts falling due within one year
 5 
45,576

Cash at bank and in hand
 6 
21,490

  
217,425

Creditors: amounts falling due within one year
 7 
(209,617)

Net current assets
  
 
 
7,808

Total assets less current liabilities
  
7,808

Net assets
  
7,808


Capital and reserves
  

Called up share capital 
 8 
2

Profit and loss account
  
7,806

  
7,808


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D G Franklin
Director

Date: 7 February 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ROSE SQUARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.


General information

Rose Square Limited is a private company, limited by share capital and incorporated in England and Wales.
The Company's registered office and principal place of business is 25 Rose Square, Fulham Road, London, SW3 6RS.
The Company was incorporated on 21 February 2023 and commenced trading on the same day.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


Page 2

 
ROSE SQUARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 3

 
ROSE SQUARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

4.


Stocks

2024
£

Work in progress
150,359

150,359



5.


Debtors

2024
£

Other debtors
41,096

Called up share capital not paid
2

Prepayments and accrued income
4,478

45,576



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
21,490

21,490



7.


Creditors: Amounts falling due within one year

2024
£

Payments received on account
180,612

Trade creditors
21,417

Corporation tax
2,494

Other taxation and social security
2,594

Accruals and deferred income
2,500

209,617


Page 4

 
ROSE SQUARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

8.


Share capital

2024
£
Allotted and called up


2 Ordinary shares of £1 each
2


On 21 February 2023 2 Ordinary shares of £1 each were issued for a total consideration of £2.


9.


Related party transactions

During the year the Company incurred expenses amounting to £395,532 from Foliat Associates Limited, a company under the director's control. At the year end Rose Square Limited owed Foliat Associates Limited £20).


Page 5