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Company Registration No. 12526449 (England and Wales)
ROSSIE PLACE INVESTMENTS LTD Unaudited accounts for the year ended 31 March 2024
ROSSIE PLACE INVESTMENTS LTD Unaudited accounts Contents
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ROSSIE PLACE INVESTMENTS LTD Company Information for the year ended 31 March 2024
Director
Gallagher, Andrew Anthony
Company Number
12526449 (England and Wales)
Registered Office
HOPE STREET XCHANGE C/O OFFICE 501 SUNDERLAND TYNE AND WEAR SR1 3QD ENGLAND
Accountants
Waite Accountants Limited Hope Street Xchange 1-3 Hind Street Sunderland SR1 3QD
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ROSSIE PLACE INVESTMENTS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
465,000 
255,000 
Current assets
Cash at bank and in hand
1,652 
2,975 
Creditors: amounts falling due within one year
(315,803)
(119,085)
Net current liabilities
(314,151)
(116,110)
Total assets less current liabilities
150,849 
138,890 
Creditors: amounts falling due after more than one year
(85,430)
(85,430)
Provisions for liabilities
Deferred tax
(17,710)
(13,575)
Net assets
47,709 
39,885 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
47,609 
39,785 
Shareholders' funds
47,709 
39,885 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 February 2025 and were signed on its behalf by
Gallagher, Andrew Anthony Director Company Registration No. 12526449
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ROSSIE PLACE INVESTMENTS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ROSSIE PLACE INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12526449. The registered office is HOPE STREET XCHANGE, C/O OFFICE 501, SUNDERLAND, TYNE AND WEAR, SR1 3QD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis which, in the opinion of the director, is the appropriate basis. The company's ability to continue trading is dependent upon the on-going support of its shareholders. In the event that the company is unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount.
Turnover
Turnover represents rents receivable in accordance with the underlying property leases.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
255,000 
Additions
188,238 
Net gain from fair value adjustments
21,762 
At 31 March 2024
465,000 
Investment property has been valued at fair value based on estimates by the directors.
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ROSSIE PLACE INVESTMENTS LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
313,980 
117,609 
Accruals
1,823 
1,476 
315,803 
119,085 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,430 
85,430 
Aggregate of amounts that fall due for payment after five years
85,430 
85,430 
7
Transactions with related parties
Key management personnel of the entity (in the aggregate) Amount due to related party 2024- £313,979 2023 -£117,609 No interest is charged on the above loan.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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