Rosemount Investments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03808367 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ROSEMOUNT INVESTMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Thaker

SECRETARY:

Ruskin House Company Services Ltd

REGISTERED OFFICE:

44 Springfield Road

Horsham

West Sussex

RH12 2PD

REGISTERED NUMBER:

03808367 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

FIXED ASSETS

Tangible assets

2

1

1

Investments

3

760

-

Investment property

4

-

-

761

1

CURRENT ASSETS

Stocks

3,483,399

6,202,585

Debtors

5,036,426

200,000

Cash at bank

159,359

76,344

8,679,184

6,478,929

CREDITORS

Amounts falling due within one year

5

2,686,518

1,745,157

NET CURRENT ASSETS

5,992,666

4,733,772

TOTAL ASSETS LESS CURRENT LIABILITIES

5,993,427

4,733,773

CREDITORS

Amounts falling due after more than one year

5

(4,688,654

)

(4,168,194

)

PROVISIONS FOR LIABILITIES

(575,000

)

-

NET ASSETS

729,773

565,579

CAPITAL AND RESERVES

Called up share capital

6

338

338

Capital redemption reserve

652

652

Profit and loss account

728,783

564,589

SHAREHOLDERS' FUNDS

729,773

565,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 December 2015 and were signed by:

R Thaker - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of development properties or the rental income received from the

development properties, excluding 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.

Plant and machinery etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions in respect of onerous contracts are recognised in the period when it becomes probable that there will

be a future outflow of funds resulting from past operations or events that can reasonably estimated.

The timing of recognition requires the application of judgement to existing facts and circumstances which can be

subject to change.Since the actual cash outflows can take place many years in the future, the carrying amounts

of provisions and liabilities are reviewed regularly and adjusted to take account of changing facts and

circumstances.

A change in estimate of a recognised provision or liability would result in a charge or credit to the profit and loss

account in the period in which the change in circumstances occurs.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

2,681

DEPRECIATION

At 1 April 2014

and 31 March 2015

2,680

NET BOOK VALUE

At 31 March 2015

1

At 31 March 2014

1

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

760

At 31 March 2015

760

NET BOOK VALUE

At 31 March 2015

760

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rosemount Southwark Limited

Nature of business: Provision of holiday accommodation

%

Class of shares:

holding

Ordinary

76.00

2015

£

Aggregate capital and reserves

1,000

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

981,147

Disposals

(4,462,186

)

Revaluations

500,000

Reclassification/transfer

2,981,039

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

5.

CREDITORS

Creditors include an amount of £ 4,153,654 (2014 - £ 4,208,194 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

338

Ordinary shares

£1

338

338

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed R Thaker, the director, £1,988,196 (2014: £1,510,741). This loan from the

director has no set repayment dates and is unsecured. No interest has been charged for the current year.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R Thaker.