COMPANY REGISTRATION NUMBER:
14958361
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
PERIOD FROM 24 JUNE 2023 TO 30 JUNE 2024
|
Officers and professional advisers |
1 |
|
|
|
Notes to the financial statements |
3 to 5 |
|
|
30 June 2024
FIXED ASSETS
CURRENT ASSETS
|
CREDITORS: amounts falling due within one year |
7 |
(
102,585) |
|
|
---------- |
|
|
NET CURRENT ASSETS |
|
288,332 |
|
|
---------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
288,532 |
|
|
|
|
|
CREDITORS: amounts falling due after more than one year |
8 |
|
(
291,274) |
|
|
---------- |
|
NET LIABILITIES |
|
(
2,742) |
|
|
---------- |
|
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
|
100 |
|
Profit and loss account |
|
(
2,842) |
|
|
------- |
|
SHAREHOLDER DEFICIT |
|
(
2,742) |
|
|
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 June 2025
, and are signed on behalf of the board by:
Company registration number:
14958361
|
NOTES TO THE FINANCIAL STATEMENTS |
|
PERIOD FROM 24 JUNE 2023 TO 30 JUNE 2024
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Notwithstanding the deficiency in net assets of the company, the financial statements have been prepared in accordance with the accounting principles applicable to a going concern on the basis of continuing financial support being provided by the company's parent undertaking.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The director does not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 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.
4.
EMPLOYEE NUMBERS
The number of persons employed by the company during the period amounted to nil.
5.
INVESTMENTS
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 24 June 2023 |
– |
|
Additions |
200 |
|
---- |
|
At 30 June 2024 |
200 |
|
---- |
|
Impairment |
|
|
At 24 June 2023 and 30 June 2024 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 30 June 2024 |
200 |
|
---- |
|
|
The company holds directly 66.67% of the issued share capital of Rosefields Investments Limited, a company incorporated in England and Wales. Rosefields Investments Limited holds directly 100% of the issued share capital of Rosefields Properties Ltd, a company incorporated in England and Wales.
6.
DEBTORS
|
30 Jun 24 |
|
£ |
|
Other debtors |
390,917 |
|
---------- |
|
|
The debtors above include the following amounts falling due after more than one year:
|
30 Jun 24 |
|
£ |
|
Other debtors |
290,917 |
|
---------- |
|
|
Other debtors comprise amounts due to a company whose directors include the director of this company.
7.
CREDITORS:
amounts falling due within one year
|
30 Jun 24 |
|
£ |
|
Amounts owed to group undertakings |
684 |
|
Other creditors |
101,901 |
|
---------- |
|
102,585 |
|
---------- |
|
|
8.
CREDITORS:
amounts falling due after more than one year
|
30 Jun 24 |
|
£ |
|
Amounts owed to group undertakings |
291,274 |
|
---------- |
|
|