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REGISTERED NUMBER: 09138326 (England and Wales)















ROSEGARTH PROPERTIES DEVELOPMENT (UK)
LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






ROSEGARTH PROPERTIES DEVELOPMENT (UK)
LTD (REGISTERED NUMBER: 09138326)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ROSEGARTH PROPERTIES DEVELOPMENT (UK)
LTD (REGISTERED NUMBER: 09138326)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 1,438,369 1,372,420

Current assets
Debtors 5 3,997 1,475
Cash at bank and in hand 1,246 195
5,243 1,670
Creditors
Amounts falling due within one year 6 (1,543,593 ) (1,458,265 )
Net current liabilities (1,538,350 ) (1,456,595 )
Total assets less current liabilities (99,981 ) (84,175 )

Provisions for liabilities (19,015 ) (16,012 )
Net liabilities (118,996 ) (100,187 )

Capital and reserves
Called up share capital 100 100
Retained earnings (119,096 ) (100,287 )
(118,996 ) (100,187 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

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 9 April 2025 and were signed on its behalf by:





Mr. Whaid Ahmed - Director


ROSEGARTH PROPERTIES DEVELOPMENT (UK)
LTD (REGISTERED NUMBER: 09138326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Rosegarth Properties Development (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09138326

Registered office: Unit 4-5 Broughton Fashion Court
32a Broughton Street
Manchester
M8 8NN

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation is charged

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.


ROSEGARTH PROPERTIES DEVELOPMENT (UK)
LTD (REGISTERED NUMBER: 09138326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. 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.

3. Employees and directors

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

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 August 2023 1,372,420
Additions 65,949
At 31 July 2024 1,438,369
Net book value
At 31 July 2024 1,438,369
At 31 July 2023 1,372,420

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Called up share capital not paid 100 100
Prepayments 3,897 1,375
3,997 1,475

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Other creditors 1,543,593 1,458,265

7. Related party disclosures

Whaid Ahmed and Zaid Ahmed are the directors and shareholders of Rosegarth Properties Development (UK) Ltd and Edge Clothing (MCR) Limited. At the balance sheet date the amounts due to Edge Clothing (MCR) Limited was £481,493 (2023: £481,493). This loan is unsecured, interest free and repayable on demand.

Whaid Ahmed and Zaid Ahmed are the directors and shareholders of Rosegarth Properties Development (UK) Ltd and Port Street Developments Limited. At the balance sheet date the amounts due to Port Street Developments Limited was £776,222 (2023: £759,182). This loan is unsecured, interest free and repayable on demand.

At 31 July 2024 the company owed £247,851 to the director (2023: £179,561). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.