Roseshire Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03508337

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2022 TO 31 DECEMBER 2023

FOR

ROSESHIRE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A L Eichenstein

SECRETARY:

Mrs R Eichenstein

REGISTERED OFFICE:

87 St Ann's Road

Stamford Hill

London

N15 6NJ

REGISTERED NUMBER:

03508337

ACCOUNTANTS:

Versa Accountants Ltd

Chartered Certified Accountants

9 Corbets Tey Road

Upminster

Essex

RM14 2AP

FIXED ASSETS

Tangible assets

4

3,200,457

3,200,697

Investments

5

544,057

544,057

3,744,514

3,744,754

CURRENT ASSETS

Debtors

6

103,595

151,002

Cash at bank

9,817

16,475

113,412

167,477

CREDITORS

Amounts falling due within one year

7

870,651

914,800

NET CURRENT LIABILITIES

(757,239

)

(747,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,987,275

2,997,431

CREDITORS

Amounts falling due after more than one year

8

(50,967

)

(68,687

)

PROVISIONS FOR LIABILITIES

(494,410

)

(494,410

)

NET ASSETS

2,441,898

2,434,334

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

405,590

-

Retained earnings

2,036,307

2,434,333

SHAREHOLDERS' FUNDS

2,441,898

2,434,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 25 March 2024 and were signed by:

Mr A L Eichenstein - Director

1.	STATUTORY INFORMATION

Roseshire Properties Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

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 date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 period was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

property

leasehold

fittings

Totals

£

£

£

£

COST

At 1 August 2022

and 31 December 2023

2,200,000

1,000,000

21,839

3,221,839

DEPRECIATION

At 1 August 2022

-

-

21,142

21,142

Charge for period

-

-

240

240

At 31 December 2023

-

-

21,382

21,382

NET BOOK VALUE

At 31 December 2023

2,200,000

1,000,000

457

3,200,457

At 31 July 2022

2,200,000

1,000,000

697

3,200,697

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 August 2022

and 31 December 2023

544,057

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by associates

90,595

121,681

Other debtors

13,000

29,321

103,595

151,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

155,219

180,200

Amounts owed to associates

372,433

357,516

Taxation and social security

1,830

17,184

Other creditors

341,169

359,900

870,651

914,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

50,967

68,687

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

16,042

28,105

Repayable by instalments

Bank loans more 5 yr by instal

34,925

40,582