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
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
ROSSIE PLACE INVESTMENTS LTD
Statement of financial position
as at 31 March 2024
Investment property
465,000
255,000
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)
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
ROSSIE PLACE INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 represents rents receivable in accordance with the underlying property leases.
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 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.
Fair value at 1 April 2023
255,000
Net gain from fair value adjustments
21,762
Investment property has been valued at fair value based on estimates by the directors.
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
6
Creditors: amounts falling due after more than one year
2024
2023
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).