ACCOUNTS - Final Accounts preparation

Registered number: 03130736

Roseclaim Limited

Financial statements

For the Year Ended 31 December 2024

Roseclaim Limited

Company Information

Directors	R B H Angus
	D J Desmond
	S R Douglas
	S J Moran


Company secretary	S J Moran


Registered number	03130736


Registered office	3 Stockport Exchange
	Stockport
	SK1 3GG


Independent auditors	Hurst Accountants Limited
	Chartered Accountants & Statutory Auditors
	3 Stockport Exchange
	Stockport
	Cheshire
	SK1 3GG

Roseclaim Limited

Contents

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 3

Roseclaim Limited

Registered number: 03130736

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£


Creditors: amounts falling due within one year	4	-		(2,328,596)
Net current assets/(liabilities)			-		(2,328,596)
Total assets less current liabilities			-		(2,328,596)

Net assets/(liabilities)			-		(2,328,596)

Capital and reserves
Called up share capital	200	200
Profit and loss account	(200)	(2,328,796)
	-	(2,328,596)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S J Moran

Director

Date: 26 September 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

Roseclaim Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

Roseclaim Limited is a private company limited by shares incorporated in England & Wales. The registered office is 3 Stockport Exchange, Stockport, Cheshire, SK1 3GG.
The principal activity of the Company continues to be that of concert promotions.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The Company had net liabilities totalling £2,328,596 at 31 December 2023. During the year, other creditors and amounts owed to group undertakings totalling £2,328,596 were waived by the respective creditors, such that the Company has no residual equity at 31 December 2024.
Consequently, the directors are able to proceed with their intention of striking the Company off during 2025.
Based on the above, the directors have prepared the financial statements on a basis other than going concern.

2.3

Other operating income

Other operating income represents the impact of loans totalling £2,328,596 being waived by the respective creditors, and released to the profit and loss account, during the year.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2

Roseclaim Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
There were no employees in the current or preceding year, other than the directors. The directors are directors of other group and related companies and their services to the Company do not occupy a significant amount of their time. As such, they have not received any remuneration for their services to the Company in the current or prior year.

4.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	-	1,166,626
Other creditors	-	1,161,970
	-	2,328,596

5.Financial commitments

The Company has future operating lease commitments of £Nil (2023: £Nil).

6.	Controlling party

LN-Gaiety Holdings Limited is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of LN-Gaiety Holdings Limited is 30 St. John Street, London, EC1M 4AY.

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Attention was drawn to note 2.2 of the financial statements. In forming their opinion on the financial statements, which is not modified, the auditors have considered the adequacy of the disclosure made in note 2.2 which explains that the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

The audit report was signed on 26 September 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 3