Company Registration No. 11764282 (England and Wales)
Roshana Global Limited
Unaudited accounts
for the year ended 31 December 2022
Roshana Global Limited
Unaudited accounts
Contents
Roshana Global Limited
Company Information
for the year ended 31 December 2022
Company Number
11764282 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
United Kingdom
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Roshana Global Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
14,943
12,629
Creditors: amounts falling due within one year
(3,321)
(74,387)
Net current assets
11,856
5,045
Called up share capital
53,575
53,575
Profit and loss account
(41,719)
(48,530)
Shareholders' funds
11,856
5,045
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
Mr A M Alshihri
Director
Company Registration No. 11764282
Roshana Global Limited
Notes to the Accounts
for the year ended 31 December 2022
Roshana Global Limited is a private company, limited by shares, registered in England and Wales, registration number 11764282. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any
impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more
than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Roshana Global Limited
Notes to the Accounts
for the year ended 31 December 2022
Taxation for the period 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
Accrued income and prepayments
234
66,803
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Creditors: amounts falling due within one year
2022
2021
Amounts owed to group undertakings and other participating interests
-
822
Taxes and social security
667
22,897
Other creditors
476
39,829
Allotted, called up and fully paid:
53,575 Ordinary shares of £1 each
53,575
53,575
The immediate parent of the company is Roshana International Real Estate Company based in Saudi Arabia, having its registered office at 414 Index Tower, Dubai International Financial Center, Dubai, PO Box 507309
Mr Abdelwahab Mohammed Alshihri is the ultimate controlling party.
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Average number of employees
During the year the average number of employees was 1 (2021: 1).
