REGISTERED NUMBER: SC566908 (Scotland)

Financial Statements

for the Year Ended

31 December 2024

for

ROSEBANK (DUNDEE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G Mcniven

M Singh

A J Jamieson

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

Lanarkshire

ML3 7DP

REGISTERED NUMBER:

SC566908 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

581,774

699,536

CURRENT ASSETS

Stocks

-

1,100

Debtors

5

541,560

156,460

Cash at bank and in hand

123,870

102,047

665,430

259,607

CREDITORS

Amounts falling due within one year

6

(309,605

)

(241,501

)

NET CURRENT ASSETS

355,825

18,106

TOTAL ASSETS LESS CURRENT LIABILITIES

937,599

717,642

PROVISIONS FOR LIABILITIES

(74,496

)

(94,933

)

NET ASSETS

863,103

622,709

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

863,003

622,609

863,103

622,709

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 by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M Singh - Director

1.	STATUTORY INFORMATION

Rosebank (Dundee) Limited is a private company, limited by shares , registered in Scotland. 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 care services supplied during the period. Revenue is recognised when the delivery of the service is completed. Fees invoiced in advance are included in deferred income until the service is completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

811,184

13,677

87,499

-

912,360

Additions

11,188

-

4,371

6,180

21,739

At 31 December 2024

822,372

13,677

91,870

6,180

934,099

DEPRECIATION

At 1 January 2024

194,443

5,686

12,695

-

212,824

Charge for year

125,058

1,598

11,460

1,385

139,501

At 31 December 2024

319,501

7,284

24,155

1,385

352,325

NET BOOK VALUE

At 31 December 2024

502,871

6,393

67,715

4,795

581,774

At 31 December 2023

616,741

7,991

74,804

-

699,536

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

361,086

148,547

Amounts owed by group undertakings

103,549

-

Prepayments and accrued income

76,925

7,913

541,560

156,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

65,927

16,605

Amounts owed to group undertakings

116,671

101,469

Amounts owed to associates

20,000

20,000

Social security and other taxes

20,452

20,093

Other creditors

23,979

27,881

Accrued expenses

62,576

55,453

309,605

241,501

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)

8.	RELATED PARTY DISCLOSURES

As at 31 December 2024 £20,000 (2023: £20,000) was owed to Enhance Properties (Coatbridge) Limited, a company under common control.

The loan is interest free with no fixed repayment date.

Rent of £90,000 (2023 - £65,833) was paid to Enhace Properties Rosebank Ltd, a company under common control.

TC Loans Limited have been granted a floating charge over all of the property or undertakings of the company. The charge is in respect of sums loaned to the parent company, Enhance Healthcare Holdings Ltd.