Rosary House Limited 09600317 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true 09600317 2023-06-01 2024-05-31 09600317 2024-05-31 09600317 core:RetainedEarningsAccumulatedLosses 2024-05-31 09600317 core:ShareCapital 2024-05-31 09600317 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09600317 bus:SmallEntities 2023-06-01 2024-05-31 09600317 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09600317 bus:FullAccounts 2023-06-01 2024-05-31 09600317 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09600317 bus:RegisteredOffice 2023-06-01 2024-05-31 09600317 bus:Director1 2023-06-01 2024-05-31 09600317 bus:Director2 2023-06-01 2024-05-31 09600317 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09600317 core:OfficeEquipment 2023-06-01 2024-05-31 09600317 core:PlantMachinery 2023-06-01 2024-05-31 09600317 countries:England 2023-06-01 2024-05-31 09600317 2023-05-31 09600317 2022-06-01 2023-05-31 09600317 2023-05-31 09600317 core:RetainedEarningsAccumulatedLosses 2023-05-31 09600317 core:ShareCapital 2023-05-31 09600317 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 09600317

Rosary House Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Rosary House Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Rosary House Limited

(Registration number: 09600317)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,708

3,266

Investment property

1,213,330

1,213,330

 

1,216,038

1,216,596

Current assets

 

Debtors

1,184,918

1,800,851

Cash at bank and in hand

 

25,860

98,350

 

1,210,778

1,899,201

Creditors: Amounts falling due within one year

(1,544,713)

(2,288,898)

Net current liabilities

 

(333,935)

(389,697)

Total assets less current liabilities

 

882,103

826,899

Provisions for liabilities

(43,891)

(34,819)

Net assets

 

838,212

792,080

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

838,112

791,980

Total equity

 

838,212

792,080

 

Rosary House Limited

(Registration number: 09600317)
Abridged Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 




Mr SA Moore

Director




Mrs S Moore

Director

 

Rosary House Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Crossmead Villas
Dunsford Road
Exeter
Devon
EX2 9PU

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were 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.

Basis of preparation

These abridged 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.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Asset class

Depreciation method and rate

Plant and machinery

25% Straight line

Office equipment

25% Reducing balance

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

 

Rosary House Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 June 2023

6,737

Additions

1,267

At 31 May 2024

8,004

Depreciation

At 1 June 2023

3,471

Charge for the year

1,825

At 31 May 2024

5,296

Carrying amount

At 31 May 2024

2,708

At 31 May 2023

3,266

Investment properties

2024
£

At 1 June

1,213,330

At 31 May

1,213,330

There has been no valuation of investment property by an independent valuer.