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REGISTERED NUMBER: 01003826 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Rose Narrowboats Limited

Rose Narrowboats Limited (Registered number: 01003826)

Contents of the Financial Statements

for the Year Ended 30 November 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Rose Narrowboats Limited

Company Information

for the Year Ended 30 November 2024

| DIRECTORS: | Mrs A K Bain

| A Grantham-Jackson

| Miss S L Taylor

| SECRETARY: | Mrs A K Bain

| REGISTERED OFFICE: | Fosse Way

| Stretton Under Fosse

| Rugby

| Warwickshire

| CV23 0PU

| REGISTERED NUMBER: | 01003826 (England and Wales)

| ACCOUNTANTS: | Gopsall Services Limited

| First Floor

| 7 Marina Court

| Maple Drive

| Hinckley

| LE10 3BF

Rose Narrowboats Limited (Registered number: 01003826)

Balance Sheet

30 November 2024

| 30.11.24 | 30.11.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 196,112 |  | 201,552 |  |

CURRENT ASSETS

Stocks | 197,000 |  | 184,900 |  |

Debtors | 5 | 238,683 |  | 217,475 |  |

Cash at bank and in hand | 610 |  | 682 |  |

436,293 |  | 403,057 |  |

CREDITORS

Amounts falling due within one year | 6 | 366,056 |  | 291,356 |  |

NET CURRENT ASSETS | 70,237 |  | 111,701 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 266,349 |  | 313,253 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 227,282 |  | 284,121 |  |

PROVISIONS FOR LIABILITIES | 43,591 |  | 33,708 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 200 |  | 200 |  |

Revaluation reserve | 11 | 89,023 |  | 89,023 |  |

Retained earnings | (93,747 | ) | (93,799 | ) |

SHAREHOLDERS' FUNDS | (4,524 | ) | (4,576 | ) |

266,349 |  | 313,253 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2026 and were signed on its behalf by:

A Grantham-Jackson - Director

Rose Narrowboats Limited (Registered number: 01003826)

Notes to the Financial Statements

for the Year Ended 30 November 2024

1. | STATUTORY INFORMATION

| Rose Narrowboats 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance, 10% on reducing balance and 2% on reducing balance

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2023 - 10 ) .

Rose Narrowboats Limited (Registered number: 01003826)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST OR VALUATION

| At 1 December 2023

| and 30 November 2024 | 353,214 |  |

| DEPRECIATION

| At 1 December 2023 | 151,662 |  |

| Charge for year | 5,440 |  |

| At 30 November 2024 | 157,102 |  |

| NET BOOK VALUE

| At 30 November 2024 | 196,112 |  |

| At 30 November 2023 | 201,552 |  |

| Cost or valuation at 30 November 2024 is represented by:

| Plant and

| machinery

| etc

£ |

| Valuation in 2019 | 86,254 |  |

| Valuation in 2021 | 13,200 |  |

| Valuation in 2022 | (10,431 | ) |

| Cost | 264,191 |  |

353,214 |  |

| If tangible fixed assets had not been revalued they would have been included at the following historical cost:

| 30.11.24 |  | 30.11.23

£ | £ |

| Cost | 264,191 |  | 264,191 |  |

| Aggregate depreciation | 157,102 |  | 151,662 |  |

| NBV under the cost model would have been £107,089 (2023: £112,529).

| Assets are valued by the directors based on their knowledge of the market.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.24 |  | 30.11.23

£ | £ |

| Trade debtors | 13,321 |  | 2,675 |  |

| Amounts owed by group undertakings | 190,731 |  | 190,731 |  |

| Other debtors | 34,631 |  | 24,069 |  |

238,683 |  | 217,475 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank loans and overdrafts | 68,868 |  | 72,480 |  |

| Hire purchase contracts (see note 8) | 1,245 |  | 1,660 |  |

| Trade creditors | 85,768 |  | 70,534 |  |

| Taxation and social security | 61,582 |  | 38,973 |  |

| Other creditors | 148,593 |  | 107,709 |  |

366,056 |  | 291,356 |  |

Rose Narrowboats Limited (Registered number: 01003826)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank loans | 49,044 |  | 104,816 |  |

| Hire purchase contracts (see note 8) | - |  | 1,107 |  |

| Other creditors | 178,238 |  | 178,198 |  |

227,282 |  | 284,121 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Preference shares | 111,000 |  | 111,000 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.11.24 |  | 30.11.23 |

£ | £ |

| Net obligations repayable:

| Within one year | 1,245 |  | 1,660 |  |

| Between one and five years | - |  | 1,107 |  |

1,245 |  | 2,767 |  |

| Non-cancellable |

| operating leases |

| 30.11.24 |  | 30.11.23

£ | £ |

| Within one year | 29,000 |  | 29,000 |  |

| Between one and five years | 112,000 |  | 112,000 |  |

| In more than five years | 798,000 |  | 826,000 |  |

939,000 |  | 967,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank overdrafts | 39,828 |  | 37,378 |  |

| Bank loans | 78,084 |  | 139,918 |  |

117,912 |  | 177,296 |  |

| Bank overdrafts and bank loans are secured by a fixed and floating charge over the company's assets.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.24 |  | 30.11.23

| value: | £ | £ |

| 200 | Ordinary | 1 | 200 |  | 200 |  |

Rose Narrowboats Limited (Registered number: 01003826)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1 December 2023

| and 30 November 2024 | 89,023 |  |

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is A Grantham-Jackson.