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REGISTERED NUMBER: 02734033 (England and Wales)















Roselea Properties Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Roselea Properties Ltd (Registered number: 02734033)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Roselea Properties Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P A Edwards
Mrs F K A Edwards



REGISTERED OFFICE: Moss Bank
Lippiatt Lane
SHIPHAM
Somerset
BS25 1QY



REGISTERED NUMBER: 02734033 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank PLC
Cheddar Branch
PO Box 1000
BX1 1LT

Roselea Properties Ltd (Registered number: 02734033)

Abridged Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 129,135 127,949
Investments 6 2 -
129,137 127,949

CURRENT ASSETS
Stocks 1,925,512 2,297,901
Debtors 99,265 113,489
Cash at bank 679,549 519,306
2,704,326 2,930,696
CREDITORS
Amounts falling due within one year 1,019,451 1,436,040
NET CURRENT ASSETS 1,684,875 1,494,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,814,012

1,622,605

CREDITORS
Amounts falling due after more than one year 6,702 16,668
NET ASSETS 1,807,310 1,605,937

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,807,210 1,605,837
SHAREHOLDERS' FUNDS 1,807,310 1,605,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Roselea Properties Ltd (Registered number: 02734033)

Abridged Statement of Financial Position - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





P A Edwards - Director


Roselea Properties Ltd (Registered number: 02734033)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Roselea Properties Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Roselea Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Roselea Properties Ltd (Registered number: 02734033)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 129,070
Additions 1,770
At 30 September 2024 130,840
DEPRECIATION
At 1 October 2023 1,121
Charge for year 584
At 30 September 2024 1,705
NET BOOK VALUE
At 30 September 2024 129,135
At 30 September 2023 127,949

Included in cost of land and buildings is freehold land of £ 127,949 (2023 - £ 127,949 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 2
At 30 September 2024 2
NET BOOK VALUE
At 30 September 2024 2

Roselea Properties Ltd (Registered number: 02734033)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 845,617 1,415,547

The bank loans are secured by fixed and floating charges and negative pledges over Land on the west side of Bristol Road, Bridgwater known as peninsula 23, Land at Woodlands South Industrial Estate, Bridgwater and Car park land at Woodlands Business Park, Bristol Road, Bridgwater.

Bank loans also includes a government secured bounce back loan.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
P A Edwards and Mrs F K A Edwards
Balance outstanding at start of year 7,056 6,753
Amounts advanced 44,768 8,233
Amounts repaid (58,986 ) (7,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,162 ) 7,056