REGISTERED NUMBER: 01742973 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

ROSNET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss Jane Roseigh

Mrs Alison Frances Gibson

SECRETARY:

Miss Jane Roseigh

REGISTERED OFFICE:

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

01742973 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

5,497

8,079

Investment property

5

1,856,000

1,856,000

1,861,497

1,864,079

CURRENT ASSETS

Debtors

6

7,282

8,656

Investments

7

29,735

28,895

Cash at bank

34,028

44,300

71,045

81,851

CREDITORS

Amounts falling due within one year

8

6,218

5,124

NET CURRENT ASSETS

64,827

76,727

TOTAL ASSETS LESS CURRENT LIABILITIES

1,926,324

1,940,806

PROVISIONS FOR LIABILITIES

124,289

111,171

NET ASSETS

1,802,035

1,829,635

CAPITAL AND RESERVES

Called up share capital

122,262

122,262

Share premium

88

88

Capital redemption reserve

30,333

30,333

Fair value reserve

951,718

945,741

Retained earnings

697,634

731,211

SHAREHOLDERS' FUNDS

1,802,035

1,829,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mrs Alison Frances Gibson - Director

Miss Jane Roseigh - Director

1.	STATUTORY INFORMATION

Rosnet Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents income from letting properties and recharged expenses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

and 5 April 2025

87,126

DEPRECIATION

At 6 April 2024

79,047

Charge for year

2,582

At 5 April 2025

81,629

NET BOOK VALUE

At 5 April 2025

5,497

At 5 April 2024

8,079

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,856,000

NET BOOK VALUE

At 5 April 2025

1,856,000

At 5 April 2024

1,856,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 2003

287,801

Valuation in 2004

477,500

Valuation in 2007

604,359

Valuation in 2010

(299,029

)

Valuation in 2016

4,002

Cost

781,367

1,856,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

781,367

781,367

The investment properties were valued on an open market basis on 5 April 2025 by the directors .

The completed investment property is stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard FRS 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''..

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

7,282

8,656

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Investment in shares

29,735

28,895

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,045

-

Other creditors

5,173

5,124

6,218

5,124