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REGISTERED NUMBER: 04001146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ROSESHIRE ESTATES LTD

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROSESHIRE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs M Baumgarten





SECRETARY: Mrs M Baumgarten





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 04001146 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,675 1,971
Investment property 6 2,501,912 2,501,912
2,503,587 2,503,883

CURRENT ASSETS
Debtors 7 338,953 310,307
Cash at bank 18 435
338,971 310,742
CREDITORS
Amounts falling due within one year 8 (95,877 ) (87,022 )
NET CURRENT ASSETS 243,094 223,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,746,681

2,727,603

CREDITORS
Amounts falling due after more than one
year

9

(585,425

)

(603,534

)

PROVISIONS FOR LIABILITIES (291,033 ) (291,033 )
NET ASSETS 1,870,223 1,833,036

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 1,520,498 1,520,498
Retained earnings 13 349,723 312,536
SHAREHOLDERS' FUNDS 1,870,223 1,833,036

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 director acknowledges her 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.

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 29 May 2025 and were signed by:





Mrs M Baumgarten - Director


ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

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

1. STATUTORY INFORMATION

Roseshire Estates 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.

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


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 6,479
DEPRECIATION
At 1 June 2023 4,508
Charge for year 296
At 31 May 2024 4,804
NET BOOK VALUE
At 31 May 2024 1,675
At 31 May 2023 1,971

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,501,912
NET BOOK VALUE
At 31 May 2024 2,501,912
At 31 May 2023 2,501,912


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 448 -
Other debtors 338,505 310,307
338,953 310,307

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,033 1,032
Taxation and social security 81,557 72,063
Other creditors 13,287 13,927
95,877 87,022

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 10) 558,758 566,860
Other creditors 26,667 36,674
585,425 603,534

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 354,902 354,902

Repayable by instalments
Bank loans more 5 yr by instal 203,856 211,958

Other creditors include Bounceback loan of £26,667 [2023 - £36,674]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 26,667 36,674

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 354,902 354,902

Repayable by instalments
Bank loans more 5 yr by instal 203,856 211,958

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 558,758 566,860

Bank loans and overdraft are secured by the first charge over company's investment properties and bear interest at variable rates.

ROSESHIRE ESTATES LTD (REGISTERED NUMBER: 04001146)

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 312,536 1,520,498 1,833,034
Profit for the year 53,187 53,187
Dividends (16,000 ) (16,000 )
At 31 May 2024 349,723 1,520,498 1,870,221

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2023 - £24,000) were paid to the director .

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Baumgarten.