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REGISTERED NUMBER: 00402260 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ROSLEA COMPANY LIMITED

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


ROSLEA COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs Rutti Simon
Ms Ronita Godsi
Mr Shlomo Godsi





SECRETARY: Ms Ronita Godsi





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 00402260 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROSLEA COMPANY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roslea Company Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company'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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Roslea Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Roslea Company Limited. You consider that Roslea Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roslea Company Limited. 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 financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


26 February 2025

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31/5/23 31/5/22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 18,124 21,322
Investment property 5 2,300,000 4,037,705
2,318,124 4,059,027

CURRENT ASSETS
Debtors 6 45,374 28,993
Investments 7 55,000 164,445
Cash at bank 2,926 8,947
103,300 202,385
CREDITORS
Amounts falling due within one year 8 2,114,577 1,817,127
NET CURRENT LIABILITIES (2,011,277 ) (1,614,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,847

2,444,285

PROVISIONS FOR LIABILITIES 9 - 251,435
NET ASSETS 306,847 2,192,850

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 10 326,155 -
Retained earnings 10 (69,308 ) 2,142,850
SHAREHOLDERS' FUNDS 306,847 2,192,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Ms Ronita Godsi - Director


ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Roslea Company 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2022
and 31 May 2023 36,169
DEPRECIATION
At 1 June 2022 14,847
Charge for year 3,198
At 31 May 2023 18,045
NET BOOK VALUE
At 31 May 2023 18,124
At 31 May 2022 21,322

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2022 4,037,705
Disposals (1,600,000 )
Revaluations (137,705 )
At 31 May 2023 2,300,000
NET BOOK VALUE
At 31 May 2023 2,300,000
At 31 May 2022 4,037,705

Fair value at 31 May 2023 is represented by:
£
Valuation in 2023 (137,705 )
Cost 2,437,705
2,300,000

In the opinion of the director the fair value of the investment properties as at 31 May 2023 is not significantly different to that stated above.

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£ £
Other debtors 45,374 28,993

7. CURRENT ASSET INVESTMENTS
31/5/23 31/5/22
£ £
Other investments 55,000 164,445

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£ £
Amounts owed to participating interests 88,260 -
Taxation and social security 3,597 27,314
Other creditors 2,022,720 1,789,813
2,114,577 1,817,127

9. PROVISIONS FOR LIABILITIES
31/5/22
£
Deferred tax 251,435

Deferred tax
£
Balance at 1 June 2022 251,435
Provided during year (12,087 )
Unused amounts reversed during year (251,435 )
Balance at 31 May 2023 (12,087 )

10. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 June 2022 2,142,850 - 2,142,850
Deficit for the year (1,886,003 ) (1,886,003 )
Revaluation Reserve (326,155 ) 326,155 -
At 31 May 2023 (69,308 ) 326,155 256,847