Rose Leisure Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07617050 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

ROSE LEISURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G M Tyrer

REGISTERED OFFICE:

Unit E

Sovereign Business Park

Kingscroft Court

Wigan

Lancashire

WN1 3AP

REGISTERED NUMBER:

07617050 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

19,927

8,620

CURRENT ASSETS

Stocks

10,814

5,271

Debtors

5

18,166

2,738

Cash at bank and in hand

12,938

7,810

41,918

15,819

CREDITORS

Amounts falling due within one year

6

23,925

237,224

NET CURRENT ASSETS/(LIABILITIES)

17,993

(221,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,920

(212,785

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,820

(212,885

)

SHAREHOLDERS' FUNDS

37,920

(212,785

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 December 2020 and were signed by:

G M Tyrer - Director

1.	STATUTORY INFORMATION

Rose Leisure Ltd 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.

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.

The accounts have been prepared on a going concern basis. This assumes the continued support of both the directors and associated companies.

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 represents the net invoiced value of goods sold and services supplied excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

35,678

Additions

15,479

At 31 December 2019

51,157

DEPRECIATION

At 1 January 2019

27,058

Charge for year

4,172

At 31 December 2019

31,230

NET BOOK VALUE

At 31 December 2019

19,927

At 31 December 2018

8,620

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

200

550

Other debtors

17,966

2,188

18,166

2,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

10,689

5,493

Amounts owed to participating interests

-

205,048

Taxation and social security

9,222

2,696

Other creditors

4,014

23,987

23,925

237,224

7.	ULTIMATE CONTROLLING PARTY

The controlling party is a wholly owned subsidiary of 8thWonder Holdings Limited.

The ultimate controlling party is G M Tyrer.