Registrar

Registration number: 09854422

Roserne Capital Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 11

Roserne Capital Limited

Company Information

Directors

D C Foreman

Registered office

3 Warners Mill Silks Way Braintree Essex England CM7 3GB

Bankers

HSBC Bank Plc Canada Place Canary Wharf London E14 5AH

Accountants

Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Roserne Capital Limited

(Registration number: 09854422)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	2,737	4,042
Investment property	6	2,320,036	2,320,036
Investments	7	4,821	4,821
		2,327,594	2,328,899
Current assets
Debtors	9	978,130	330,119
Other financial assets	8	419,948	467,906
Cash at bank and in hand		687,171	408,951
		2,085,249	1,206,976
Creditors: Amounts falling due within one year	10	(839,708)	(981,206)
Net current assets		1,245,541	225,770
Total assets less current liabilities		3,573,135	2,554,669
Creditors: Amounts falling due after more than one year	10	(2,011,025)	(2,023,279)
Provisions for liabilities		(189,074)	(197,242)
Net assets		1,373,036	334,148
Capital and reserves
Called up share capital	11	1	1
Retained earnings		1,373,035	334,147
Shareholders' funds		1,373,036	334,148

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.

Roserne Capital Limited

(Registration number: 09854422)
Balance Sheet as at 31 December 2024 (continued)

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 23 December 2025
 

D C Foreman
Director

Roserne Capital Limited

Notes to the 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 & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

These financial statements were authorised for issue by the director on 23 December 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).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the renting of investment properties and management of associated companies in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, 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 material 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line method

Roserne Capital Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuations are calculated using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial Assets

Financial assets are classified as available for sale financial assets where changes in fair value are charged to the profit and loss account. Realised and unrealised gains and losses arising from the sale and changes in the fair value of the financial assets are included in the period in which they arise.

Financial assets are classified as current if they are expected to be realised within 12 months of the balance sheet date.

Investments

The Company’s investments are stated at cost less provision for impairment. Any impairment is charged to the profit and loss account as it arises.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for renting investment properties and managing associated companies in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

Roserne Capital Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4	Exceptional items

The Company lent money to a related party to undertake a joint venture development. This project has not gone to plan and the directors have made provision against the unrecoverable amount at the balance sheet date.
 

Roserne Capital Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

5	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2024	23,760	23,760
Additions	1,555	1,555
Disposals	(155)	(155)
At 31 December 2024	25,160	25,160
Depreciation
At 1 January 2024	19,718	19,718
Charge for the year	2,705	2,705
At 31 December 2024	22,423	22,423
Carrying amount
At 31 December 2024	2,737	2,737
At 31 December 2023	4,042	4,042

6	Investment properties

	2024 £
At 1 January	2,320,036
At 31 December	2,320,036

The director considers the value of investment property held in the accounts not to be materially different from the market value.

Roserne Capital Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

7	Investments

	2024 £	2023 £
Investments in associates	4,821	4,821