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REGISTERED NUMBER: 00402260 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ROSLEA COMPANY LIMITED

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ROSLEA COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







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: Sterling Accounting & Bookkeeping Services Limited
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 Balance Sheet. 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 2024 which comprise the Profit and loss account, Balance Sheet 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 profit 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.






Sterling Accounting & Bookkeeping Services Limited
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


10 April 2025

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 15,405 18,124
Investment property 5 2,300,000 2,300,000
2,315,405 2,318,124

CURRENT ASSETS
Debtors 6 18,315 45,374
Investments 7 95,000 55,000
Cash at bank 20,416 2,926
133,731 103,300
CREDITORS
Amounts falling due within one year 8 2,098,016 2,114,577
NET CURRENT LIABILITIES (1,964,285 ) (2,011,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,120

306,847

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 326,155 326,155
Retained earnings (25,035 ) (69,308 )
SHAREHOLDERS' FUNDS 351,120 306,847

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

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

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

BALANCE SHEET - continued
31 MAY 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 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 2024


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 Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2023 - 3 ) .

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 36,169
DEPRECIATION
At 1 June 2023 18,045
Charge for year 2,719
At 31 May 2024 20,764
NET BOOK VALUE
At 31 May 2024 15,405
At 31 May 2023 18,124

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,300,000
NET BOOK VALUE
At 31 May 2024 2,300,000
At 31 May 2023 2,300,000

Fair value at 31 May 2024 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 2024 is not significantly different to that stated above.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Other debtors 18,315 45,374

7. CURRENT ASSET INVESTMENTS
31/5/24 31/5/23
£ £
Other investments 95,000 55,000

ROSLEA COMPANY LIMITED (REGISTERED NUMBER: 00402260)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Amounts owed to participating interests 88,260 88,260
Taxation and social security 3,597 3,597
Other creditors 2,006,159 2,022,720
2,098,016 2,114,577

9. DEFERRED TAX
£
Balance at 1 June 2023 (12,087 )
Provided during year 7,600
Balance at 31 May 2024 (4,487 )