Rostaglow Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01289917 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

ROSTAGLOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs G M Lane

Miss L F H Lane

Miss C E I Lane

R J Williams

Ms A C Williams

SECRETARY:

Mrs G M Lane

REGISTERED OFFICE:

Leigh Place

Leigh Place Road

Leigh

Reigate

Surrey

RH2 8RF

REGISTERED NUMBER:

01289917 (England and Wales)

AUDITORS:

Ashdown Hurrey Auditors Ltd

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

-

896

Investment property

5

2,588,543

2,553,714

2,588,543

2,554,610

CURRENT ASSETS

Stocks

6

431,010

Debtors

7

19,915

15,573

Cash at bank

91,149

38,754

542,074

485,337

CREDITORS

Amounts falling due within one year

8

(116,433

)

(87,113

)

NET CURRENT ASSETS

425,641

398,224

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,014,184

2,952,834

CREDITORS

Amounts falling due after more than one
year

9

(44,533

)

(57,296

)

PROVISIONS FOR LIABILITIES

(359,425

)

(350,718

)

NET ASSETS

2,610,226

2,544,820

CAPITAL AND RESERVES

Called up share capital

11

100

Other reserves

262

Retained earnings

2,609,864

2,544,458

SHAREHOLDERS' FUNDS

2,610,226

2,544,820

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 September 2026 and were signed on its behalf by:

Mrs G M Lane - Director

1.	STATUTORY INFORMATION

Rostaglow 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.

Critical accounting judgements and key sources of estimation uncertainty

The directors have determined that properties are held for sale in the ordinary course of business and are therefore classified as stock rather than investment properties. This judgement is based on the directors' intention to dispose of the properties when market conditions permit.

The carrying amount of stocks is reviewed on an ongoing basis. The assessment of net realisable value is based on market conditions at the reporting date and, where appropriate, professional advice. Actual results may differ from these estimates.

Turnover

Turnover represents rents receivable during the year from property letting, net of value added tax.

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

-

20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks comprise properties held for resale in the ordinary course of business and are valued at the lower of cost and net realisable value. Cost includes purchase price and directly attributable expenditure. Net realisable value represents the estimated selling price less costs to complete and sell.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial instrument is measured at the present value of the future receipts discounted at a market rate of interest..

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.

Going concern

At the time of approving the financial statements, the directors had a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As such the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 4 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2024

9,986

Disposals

(9,986

)

At 31 July 2025

-

DEPRECIATION

At 1 August 2024

9,090

Eliminated on disposal

(9,090

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

896

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

2,553,714

Revaluations

34,829

At 31 July 2025

2,588,543

NET BOOK VALUE

At 31 July 2025

2,588,543

At 31 July 2024

2,553,714

Fair value at 31 July 2025 is represented by:

£

Valuation in 2024

1,744,464

Valuation in 2025

34,829

Cost

809,250

2,588,543

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

2025

2024

as restated

£

Cost

809,250

Investment property was valued on an open market basis on 9 February 2024 by the directors. .

6.

STOCKS

2025

2024

as restated

£

Stocks

431,010

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Other debtors

18,631

13,210

Prepayments and accrued income

1,284

2,363

19,915

15,573

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Bank loans and overdrafts

16,182

Trade creditors

2,220

6,691

Tax

20,348

1,210

Other creditors

55,433

28,778

Directors' current accounts

10,000

Accrued expenses

12,250

24,252

116,433

87,113

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

Bank loans - 1-2 years

16,182

Bank loans - 2-5 years

28,351

41,114

44,533

57,296

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

Bank Loans

60,715

73,478

The bank loans are secured against the properties known as 127, 129, 135, 137, 143 and 145 Birkbeck road.

11.	CALLED UP SHARE CAPITAL

All classes of shares have voting rights, one vote per share.

Allotted, issued and fully paid:

Number

Class

Nominal Value

2025

2024

£

20

Ordinary A

£1

20

9

Ordinary B

£1

9

15

Ordinary C

£1

15

10

Ordinary D

£1

10

8

Ordinary E

£1

8

Ordinary F

£1

8

Ordinary G

£1

8

15

Ordinary H

£1

15

1

Ordinary J

£1

1

3

Ordinary K

£1

3

Ordinary L

£1

3

100

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Daniel Oliver FCCA (Senior Statutory Auditor)

for and onbehalf of Ashdown Hurrey Auditors Ltd

13.	RELATED PARTY DISCLOSURES

At the balance sheet date included within other debtors is £12,930 (2024: £7,411) due from a company in which a director held a controlling interest.