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Registration number: 11011244

Roseland Partners Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

image-name
 

Roseland Partners Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Roseland Partners Ltd

Company Information

Directors

L E Briginshaw

CE Roake

Registered office

24A College Road
Brighton
East Sussex
BN2 1JB

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Roseland Partners Ltd

(Registration number: 11011244)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

1,452

961

Current assets

 

Debtors

5

26,158

25,734

Cash at bank and in hand

 

14,615

98,437

 

40,773

124,171

Creditors: Amounts falling due within one year

6

(24,149)

(50,809)

Net current assets

 

16,624

73,362

Total assets less current liabilities

 

18,076

74,323

Creditors: Amounts falling due after more than one year

6

(3,298)

(6,296)

Provisions for liabilities

(276)

(240)

Net assets

 

14,502

67,787

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

14,402

67,687

Shareholders' funds

 

14,502

67,787

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

 

Roseland Partners Ltd

(Registration number: 11011244)
Balance Sheet as at 31 October 2024

.........................................
L E Briginshaw
Director

.........................................
CE Roake
Director

 
     
 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24A College Road
Brighton
East Sussex
BN2 1JB
United Kingdom

These financial statements were authorised for issue by the Board on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% On cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2024
 No.

2023
 No.

Administration and support

2

2

2

2

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

1,282

1,282

Additions

1,082

1,082

At 31 October 2024

2,364

2,364

Depreciation

At 1 November 2023

321

321

Charge for the year

591

591

At 31 October 2024

912

912

Carrying amount

At 31 October 2024

1,452

1,452

At 31 October 2023

961

961

5

Debtors

Current

2024
£

2023
£

Trade Debtors

14,400

-

Other debtors

11,758

25,734

 

26,158

25,734

6

Creditors

 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

7

16,979

13,547

Trade Creditors

 

90

-

Social security and other taxes

 

5,542

19,094

Other payables

 

(2)

-

Accrued expenses

 

1,540

2,920

Corporation tax liability

-

15,248

 

24,149

50,809

Due after one year

 

Loans and borrowings

7

3,298

6,296

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

3,298

6,296

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,298

6,296

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,194

3,194

Other borrowings

13,785

10,353

16,979

13,547

 

Roseland Partners Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

8

Related party transactions

Loans to related parties

2023

Key management
£

Total
£

At start of period

55

55

Repaid

(55)

(55)

At end of period

-

-

Terms of loans to related parties

During the year the company provided the directors with an interest free loan, this was unsecured and repayable on demand.
 

Loans from related parties

2024

Key management
£

Total
£

At start of period

916

916

Advanced

3,742

3,742

At end of period

4,658

4,658

2023

Key management
£

Total
£

Advanced

916

916

At end of period

916

916

Terms of loans from related parties

During the year the director provided the company with an interest free loan, this was unsecured and repayable on demand.