Rose Renovations Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04206213 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Rose Renovations Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

7

DIRECTORS:

M Budd

Mrs B A Budd

SECRETARY:

Mrs B A Budd

REGISTERED OFFICE:

Ordman House

31 Arden Close

Bradley Stoke

Bristol

BS32 8AX

REGISTERED NUMBER:

04206213 (England and Wales)

ACCOUNTANTS:

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

NE Somerset

BS31 1DS

FIXED ASSETS

Tangible assets

2

2,271

2,944

Investments

3

1,209,625

-

Investment property

4

1,277,990

1,269,821

2,489,886

1,272,765

CURRENT ASSETS

Stocks

14,861

1,969

Debtors

7,822

6,180

Cash at bank

67,484

45,278

90,167

53,427

CREDITORS

Amounts falling due within one year

5

172,136

168,577

NET CURRENT LIABILITIES

(81,969

)

(115,150

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,407,917

1,157,615

CREDITORS

Amounts falling due after more than one year

5

159,019

159,016

NET ASSETS

2,248,898

998,599

CAPITAL AND RESERVES

Called up share capital

6

20

5

Share premium

1,209,615

-

Revaluation reserve

276,309

Profit and loss account

762,954

722,285

SHAREHOLDERS' FUNDS

2,248,898

998,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 for company number 04206213 were approved by the Board of Directors on 13 October 2016 and were
signed on its behalf by:

M Budd - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Rose Renovations Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies

Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are

included by full consolidation in the consolidated financial statements of its parent, Rose Renovations Limited, a company

registered in England.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market

value is transferred to a revaluation reserve.

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.

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

17,762

DEPRECIATION

At 1 May 2015

14,818

Charge for year

673

At 30 April 2016

15,491

NET BOOK VALUE

At 30 April 2016

2,271

At 30 April 2015

2,944

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1,209,625

At 30 April 2016

1,209,625

NET BOOK VALUE

At 30 April 2016

1,209,625

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

Budd Plant Limited

Nature of business: Plant Hire

%

Class of shares:

holding

Ordinary

100.00

31.12.15

£

Aggregate capital and reserves

633,390

Profit for the year

301,176

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

1,269,821

Additions

8,169

At 30 April 2016

1,277,990

NET BOOK VALUE

At 30 April 2016

1,277,990

At 30 April 2015

1,269,821

5.

CREDITORS

Creditors include an amount of £ 159,016 (30.4.15 - £ 159,016 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

20

Ordinary

£1

20

5

(30.4.15 - 5 )

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

On 30th April 2016 the company issued 5 ordinary £1 shares at par. On 30th April 2016 the company issued a further 10

shares by way of a share for share exchange. The 20 ordinary £1 shares of Budd Plant Limited were acquired by Rose

Renovations Limited in exchange for the respective shares in Rose Renovations Limited. These shares were issued at a

premium of £1,209,615.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by M Budd and Mrs B A Budd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

NE Somerset

BS31 1DS

Date: .............................................