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DESERT ROSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
Desert Rose Holdings Limited is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 17 St Lawrence Drive, Pinner, Middlesex, HA5 2RL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The company meets its day to day working capital requirements through loans from the directors. The directors have confirmed that this financial support will continue for the foreseeable future and will not be withdrawn. On this basis, the directors consider it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.
Revenue represents rents receivable during the year from investment properties. Rental income is recognised on a time apportioned basis in accordance with the terms of the lease between the company and its tenants.
Property acquisitions and disposals are accounted for when legally binding contracts which are irrevocable and effectively unconditional are exchanged.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value. Fair value is determined by the directors having regard to rental income from the property, their knowledge of the local residential property market and investment yields applicable to comparable properties in the locality. Appropriate adjustments are made, where necessary, to reflect the specific characteristics of the property. Changes in fair value are recognised in profit or loss. No depreciation is provided.
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