Rosefield Developments Limited

Rosefield Developments Limited
Registered number:		04409310
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Investment properties	3		2,105,000			2,105,000
Investments	4		1			-
			2,105,001			2,105,000

Current assets
Debtors	5	1,040			957
Cash at bank and in hand		5,748			4,901
		6,788			5,858

Creditors: amounts falling due within one year	6	(344,099)			(35,745)

Net current liabilities			(337,311)			(29,887)

Total assets less current liabilities			1,767,690			2,075,113

Creditors: amounts falling due after more than one year	7		(283,089)			(621,085)

Provisions for liabilities			(151,658)			(151,657)

Net assets			1,332,943			1,302,371

Capital and reserves
Called up share capital			2			2
Non distributable fair value reserve			881,604			881,604
Profit and loss account			451,337			420,765

Shareholders' funds			1,332,943			1,302,371

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



A J Bloom
Director
Approved by the board on 7 September 2026

Rosefield Developments Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is attributable to property rental income and associated fees. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised at the point the company fulfils its commercial obligations to the customer, the revenue and costs in respect of the transaction can be measured reliably and collectability is reasonably assured.

	Investment properties
	Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. A transfer is made from the profit and loss account to a non-distributable fair value reserve for the value of gains and losses and related deferred tax arising in the period, so that the non-distributable gains and losses can be seperately identified.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees			2026		2025
Number					Number

	Average number of persons (including directors) employed by the company			2		2



3	Investment Properties
				Investment Properties		Total
£					£
	Valuation
	At 1 April 2025			2,105,000		2,105,000
	At 31 March 2026			2,105,000		2,105,000

	In accordance with FRS 102 the director has assessed the fair value of the investment properties held by the company. The assessment did not result in any revaluation during the year ended 31 March 2026 or 31 March 2025.

	The director does not hold a relevant professional qualification but has in excess of 20 years of property experience. The director used his judgement of the property market, supplemented by discussions with local estate agents, to determine the fair value of investment properties. This included carrying out research into current market valuations and recent transactions involving properties of a similar size and at a similar location to the properties held by the company as investments.

4	Investments
Investments in
subsidiary
undertakings					Total
Cost
£					£
	Cost
	At 1 April 2025			-		-
	Additions - cost			1		1

	At 31 March 2026			1		1


	Details of the subsidiaries of the company at 31 March 2026 are as follows:
	Name of undertaking	Registered office	Nature of business	Class of shares held		% Held
	Rosefield Freehold Limited	United Kingdom	Property investment	Ordinary shares		100

5	Debtors			2026		2025
£					£

	Other debtors			1,040		957
				1,040		957


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Taxation and social security costs			8,507		7,993
	Other creditors			335,592		27,752
				344,099		35,745


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			283,089		621,085
				283,089		621,085


8	Loans			2026		2025
£					£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			238,089		621,085
				238,089		621,085


	Secured bank loans			238,089		621,085

	Bank loans are secured by way of fixed and floating charges against the individual properties owned by the company.


9	Related party transactions

	Included in other creditors at 31 March 2026 is an amount due to Tenway Ventures Limited of £334,000 (2025: £25,000). The loan is interest free and repayable on demand. The directors A J Bloom and A Sawdaye-Azad are directors of Tenway Ventures Limited.

10	Other information

	Rosefield Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Academic House
	24-28 Oval Road
	London
	NW1 7DJ