Rose Property Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09254374

ROSE PROPERTY INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

ROSE PROPERTY INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	1,783,976	1,820,215

Current assets

Debtors	7	148,241	90,298
Cash at bank and in hand		66,245	58,371
		----------	----------
		214,486	148,669

Creditors: amounts falling due within one year	8	805,191	981,058
		----------	----------
Net current liabilities		590,705	832,389
		-------------	-------------
Total assets less current liabilities		1,193,271	987,826

Creditors: amounts falling due after more than one year	9	324,929	381,599

Provisions

Taxation including deferred tax	161,950	170,907
	-------------	----------
Net assets	706,392	435,320
	-------------	----------

Capital and reserves

Called up share capital		1,980	1,980
Capital redemption reserve	11	1,320	1,320
Other reserves	11	503,439	503,439
Profit and loss account	11	199,653	( 71,419)
		----------	----------
Shareholders funds		706,392	435,320
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ROSE PROPERTY INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:

Z Virani
Director

Company registration number: 09254374

ROSE PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Diamond House, 179 -181 Lower Richmond Road, Richmond, England, TW9 4LN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In accordance with the director's responsibilities, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the director has considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis in preparing these financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Property valuations Properties are valued annually at fair value by the directors. Fair value is ascertained through review of a number of factors to include market knowledge and market yields. There is an inevitable degree of judgement involved and value can only ultimately be reliably tested in the market itself.

Turnover and revenue recognition

Turnover represents amounts receivable from gross rents charged to tenants and the invoiced value of other goods and services supplied, net of value added tax. Rents received prior to the period to which they relate are accounted for as deferred income and released to the profit & loss account in the period to which the rent relates. Rental income is recognised as space is provided to tenants.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. The company does not depreciate its freehold properties and although this policy is in accordance with FRS 102, it is a departure from the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount in respect of this which might otherwise have been shown cannot be separately identified or quantified.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	10% straight line
Fixtures & Fittings	-	20% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tax on profit/(loss)

Major components of tax (income)/expense

	2024	2023
	£	£

Deferred tax:

Origination and reversal of timing differences	( 8,957)	4,281
	-------	-------
Tax on profit/(loss)	( 8,957)	4,281
	-------	-------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2024 and 31 December 2024	1,696,749	362,386	65,182	2,124,317
	-------------	----------	---------	-------------
Depreciation
At 1 January 2024	–	238,920	65,182	304,102
Charge for the year	–	36,239	–	36,239
	-------------	----------	---------	-------------
At 31 December 2024	–	275,159	65,182	340,341
	-------------	----------	---------	-------------
Carrying amount
At 31 December 2024	1,696,749	87,227	–	1,783,976
	-------------	----------	---------	-------------
At 31 December 2023	1,696,749	123,466	–	1,820,215
	-------------	----------	---------	-------------

Land and buildings represent freehold property. In the opinion of the directors, the carrying value of the property as at 31 December 2024, which is based on the directors' valuation, is not significantly different from the open market fair value of the property

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 December 2024
Aggregate cost	1,052,698
Aggregate depreciation	–
	-------------
Carrying value	1,052,698
	-------------

At 31 December 2023
Aggregate cost	1,052,698
Aggregate depreciation	–
	-------------
Carrying value	1,052,698
	-------------

7. Debtors

	2024	2023
	£	£
Trade debtors	108,554	53,748
Amounts due from related parties	35,032	35,032
Other debtors	4,655	1,518
	----------	---------
	148,241	90,298
	----------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	74,502	88,023
Trade creditors	24,655	37,915
Amounts owed to group undertakings and undertakings in which the company has a participating interest	425,070	625,071
Corporation tax	3	3
Social security and other taxes	24,983	27,079
Other creditors	235,316	185,566
Amounts owed to related parties	8,950	7,630
Other creditors	11,712	9,771
	----------	----------
	805,191	981,058
	----------	----------

The bank loan is secured by a mortgaged debenture.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	324,929	381,599
	----------	----------

The bank loan is secured by a mortgaged debenture.

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	161,950	170,907
	----------	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	21,338	30,295
Deferred tax on revaluation of property	140,612	140,612
	----------	----------
	161,950	170,907
	----------	----------

11. Reserves

Other reserves (non-distributable) - The other reserve is used to record increases in the fair value of properties and decreases to the extent that such decreases relate to an increase on the same asset, net of deferred tax. Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Related party transactions

At 31 December 2024, creditors, amounts falling due within one year, included amounts owed to related parties amounting to £8,950 (2023: £7,630), in respect of loans from shareholders with participating interests in the company and from companies over which significant influence is exerted by the directors. Interest totalling £nil (2023: £576,000) was paid in the year. The loans are unsecured and repayable on demand. At 31 December 2024, debtors included amounts due from related parties amounting to £35,000 (2023: £35,000), in respect of loans to companies under common control. The loans are interest free, unsecured and repayable on demand.

13. Controlling party

The company is a 100% subsidiary of Dowgate Limited, a company registered in England & Wales. The registered office of Dowgate Limited is Diamond House, 179-181 Lower Richmond Road, England, TW9 4LN.