Registration number: 02274118

Rose Estates (Yorkshire) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Rose Estates (Yorkshire) Limited

(Registration number: 02274118)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,428,673	1,370,905
Investments		-	4,250
		1,428,673	1,375,155
Current assets
Stocks	5	40,762	23,520
Cash at bank and in hand		3,309	8,523
		44,071	32,043
Creditors: Amounts falling due within one year	6	(1,013,000)	(920,795)
Net current liabilities		(968,929)	(888,752)
Total assets less current liabilities		459,744	486,403
Provisions for liabilities		(14,944)	(16,513)
Net assets		444,800	469,890
Capital and reserves
Called up share capital		100,000	100,000
Revaluation reserve		46,864	46,864
Retained earnings		297,936	323,026
Shareholders' funds		444,800	469,890

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.

Director's 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 Director acknowledges his 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 and 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 Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... T D Rose Director

Rose Estates (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
The Forge
Main Street
Hotham
York
YO43 4UD

These financial statements were authorised for issue by the director on 26 September 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).

These financial statements cover the individual entity, Rose Estates (Yorkshire) Limited.

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 and are rounded to the nearest pound.

Tax

The tax expense for the period comprises 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Motor Vehicles	25% Reducing Balance

Rose Estates (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Fixtures and Fittings

25% Straight Line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

Rose Estates (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	1,317,788	31,203	90,897	1,439,888
Additions	66,721	-	-	66,721
At 31 December 2024	1,384,509	31,203	90,897	1,506,609
Depreciation
At 1 January 2024	-	14,137	54,846	68,983
Charge for the year	-	5,199	3,754	8,953
At 31 December 2024	-	19,336	58,600	77,936
Carrying amount
At 31 December 2024	1,384,509	11,867	32,297	1,428,673
At 31 December 2023	1,317,788	17,066	36,051	1,370,905

Included within the net book value of land and buildings above is £1,384,509 (2023 - £1,317,788) in respect of freehold land and buildings.
 

Revaluation

The fair value of the Company's Land and buildings was revalued on 31 December 2024. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,326,652 (2023 - £1,259,931).

5

Stocks

	2024 £	2023 £
Other inventories	40,762	23,520

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	1,010,000	918,495
Accruals and deferred income		3,000	2,300
		1,013,000	920,795

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Rose Estates (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	46,864	46,864

8	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Other borrowings	1,010,000	918,495