Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr K Hall 20/12/2016 Mrs T Hardick 20/12/2016 Mrs T R Hardick 26 August 2025 The principal activity of the Company during the financial year was the development of building projects and commercial rental. 10533829 2024-12-31 10533829 bus:Director1 2024-12-31 10533829 bus:Director2 2024-12-31 10533829 2023-12-31 10533829 core:CurrentFinancialInstruments 2024-12-31 10533829 core:CurrentFinancialInstruments 2023-12-31 10533829 core:ShareCapital 2024-12-31 10533829 core:ShareCapital 2023-12-31 10533829 core:RetainedEarningsAccumulatedLosses 2024-12-31 10533829 core:RetainedEarningsAccumulatedLosses 2023-12-31 10533829 bus:OrdinaryShareClass1 2024-12-31 10533829 2024-01-01 2024-12-31 10533829 bus:FilletedAccounts 2024-01-01 2024-12-31 10533829 bus:SmallEntities 2024-01-01 2024-12-31 10533829 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10533829 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10533829 bus:Director1 2024-01-01 2024-12-31 10533829 bus:Director2 2024-01-01 2024-12-31 10533829 bus:Director3 2024-01-01 2024-12-31 10533829 2023-01-01 2023-12-31 10533829 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10533829 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10533829 (England and Wales)

ROSENEATH PENRYN LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ROSENEATH PENRYN LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ROSENEATH PENRYN LIMITED

BALANCE SHEET

As at 31 December 2024
ROSENEATH PENRYN LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Investment property 3 1,350,000 1,750,000
1,350,000 1,750,000
Current assets
Debtors 4 78,343 23,859
Cash at bank and in hand 163 1,028
78,506 24,887
Creditors: amounts falling due within one year 5 ( 1,339,639) ( 1,326,637)
Net current liabilities (1,261,133) (1,301,750)
Total assets less current liabilities 88,867 448,250
Provision for liabilities 0 ( 128,950)
Net assets 88,867 319,300
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 88,767 319,200
Total shareholders' funds 88,867 319,300

Non-distributable reserves
At the year end, within the Profit and loss account are non-distributable reserves totalling £(40,550) (2023: £304,450). These are disclosed net of deferred tax.

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

Directors' responsibilities:

The financial statements of Roseneath Penryn Limited (registered number: 10533829) were approved and authorised for issue by the Board of Directors on 26 August 2025. They were signed on its behalf by:

Mrs T R Hardick
Director
ROSENEATH PENRYN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ROSENEATH PENRYN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roseneath Penryn Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The principal place of business is 56 The Square, Chagford, Newton Abbot, TQ13 8AE.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

The turnover shown in the profit and loss account represents rent receivable in the year. Revenue is recognised evenly over the rental period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

No depreciation is provided on the investment property which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors the property is held primarily for its investment potential and so its current value is of more significance than any measure of consumption and to depreciate it would not give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 January 2024 1,750,000
Fair value movement (400,000)
As at 31 December 2024 1,350,000

The investment properties were valued on 31 December 2024 by the director who is internal to the company. The basis of this valuation was open market value.

There has been no valuation of investment property by an independent valuer.

4. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 1,920 960
Amounts owed by Group undertakings 20 20
Deferred tax asset 55,000 0
Other debtors 21,403 22,879
78,343 23,859

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Amounts owed to Group undertakings 186,106 172,804
Other creditors 1,153,533 1,153,833
1,339,639 1,326,637

6. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

During the year, loans existed between a director and the spouse of one of the director's and Roseneath Penryn Limited. No interest was charged on the loans and the balances are repayable on demand. At the balance sheet date the amount due to the director by Roseneath Penryn Limited was £269,783 (2023: £269,783) and the amount due to the spouse of one of the director's by Roseneath Penryn Limited was £881,750 (2023: £881,750).

During the year, a loan existed between Roseneath Penryn Limited and Brechin Investments Limited. At the balance sheet date the amount due to Brechin Investments Limited was £168,650 (2023: £152,150 ). The balance is repayable on demand.

During the year, a loan existed between Roseneath Penryn Limited and Irregular Contracts Limited. At the balance sheet date the amount due to Irregular Contracts was £1,000 (2023: £1,000). The balance is repayable on demand.

During the year, a loan existed between Roseneath Penryn Limited and Irregular Cornwall Limited. At the balance sheet date the amount due to Irregular Cornwall was £16,454 (2023: £19,653). The balance is repayable on demand.

During the year, a loan existed between Roseneath Penryn Limited and Roseneath Estates Limited. At the balance sheet date the amount due from Roseneath Estates was £20 (2023: £20). The balance is repayable on demand.