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REGISTERED NUMBER: 09450561 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STERLING ROSE DEVELOPMENTS LIMITED

STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


STERLING ROSE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr M Mehta





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 09450561 (England and Wales)





ACCOUNTANTS: Sterling Accounting & Bookkeeping Services Limited
t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

STERLING ROSE DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
STERLING ROSE DEVELOPMENTS LIMITED


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






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


27 June 2025

STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £ £ £
FIXED ASSETS
Property, plant and equipment 4 1,899 1,398
Investments 5 1,741 151,457
3,640 152,855

CURRENT ASSETS
Inventories 6 10,492,979 2,621,293
Debtors 7 5,317,310 7,378,352
Cash at bank 2,741 612
15,813,030 10,000,257
CREDITORS
Amounts falling due within one year 8 16,111,669 8,329,360
NET CURRENT (LIABILITIES)/ASSETS (298,639 ) 1,670,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

(294,999

)

1,823,752

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (295,001 ) 1,823,750
SHAREHOLDERS' FUNDS (294,999 ) 1,823,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:



Mr M Mehta - Director


STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

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


1. STATUTORY INFORMATION

Sterling Rose Developments 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.

Turnover
Turnover represents revenue recognised by the company in respect of property sales, exclusive of VAT.

Turnover is recognised when the company has a right to consideration.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Property work in progress is valued at the lower of cost and net realisable less cost to sell.

Cost for this purpose comprises the purchase of land and buildings, development expenditure and overheads.

In considering the net realisable value of land and properties it is assumed that the development will be
completed and sold in the ordinary course of the company's business.

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.

STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£
COST
At 1 April 2023 1,645
Additions 836
At 31 March 2024 2,481
DEPRECIATION
At 1 April 2023 247
Charge for year 335
At 31 March 2024 582
NET BOOK VALUE
At 31 March 2024 1,899
At 31 March 2023 1,398

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST
At 1 April 2023 149,716 1,741 151,457
Disposals (149,716 ) - (149,716 )
At 31 March 2024 - 1,741 1,741
NET BOOK VALUE
At 31 March 2024 - 1,741 1,741
At 31 March 2023 149,716 1,741 151,457

6. INVENTORIES
31/3/24 31/3/23
£ £
Development properties 10,492,979 2,621,293

STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade debtors - 70,500
Amounts owed by connected companies 5,217,647 7,166,613
Other debtors - 9,200
VAT 99,663 -
Prepayments - 132,039
5,317,310 7,378,352

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Bank loans and overdrafts 8,560,420 -
Trade creditors - 97,272
Amounts owed to connected companies 3,268,351 3,811,358
Tax 28,509 57,602
Social security and other taxes 108,127 5,975
Other creditors 2,131,579 2,128,831
Directors' current accounts 2,013,481 2,015,514
Accrued expenses 1,202 212,808
16,111,669 8,329,360

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

STERLING ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09450561)

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


9. RELATED PARTY DISCLOSURES - continued

At the year end the company owed £2,013,481 (2023: £2,015,514) to the director. The amount owed is repayable on demand and interest free.


At the year end, the company was owed by the following connected companies in which the director has a beneficial interest. The amount owed is interest free and repayable on demand.

31/03/2024 31/03/2023
£    £   
Emperor Property (Group) Limited - 6,761
Leslie Park Road Limited 696,663 704,208
MM3 Investments Limited 39,155 17,464
MM2 Investments Limited 97,737 74,587
MM5 Investments Limited 1,309,844 1,351,996
KMSP Ltd 35,284 9,634
MM7 Investments Ltd 5,213 -
Jarvis Road Ltd 60 -
CP Park Road Ltd 134,851 319,501
MM9 Investments Limited 231,022 65,322
2,549,829 2,549,473

At the year end, the company owed to the following connected companies in which the director has a beneficial interest. The amount owed is interest free and repayable on demand.

31/03/24 31/03/23
£    £   
Emperor Residential Limited 47,237 417,236
Emperor Residential II Limited 43,025 42,375
Emperor Residential 111 Ltd 483,100 621,550
Emperor Residential 1V Ltd 62,890 27,150
Emperor Property (Group) Limited 13,054 -
Westmead Road Limited 464,751 578,314
MM1 Investments Limited 185,012 222,412
1,299,069 1,659,475

10. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Emperor Development (Group) Limited, a company registered in England and Wales.