Rosepetal Limited - Limited company accounts 18.2

REGISTERED NUMBER: 05011697 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Rosepetal Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs F A Gordon

SECRETARY:

Grosvenor Secretaries Limited

REGISTERED OFFICE:

4th Floor,

Clerks' Well House

20 Britton Street

London

EC1M 5UA

REGISTERED NUMBER:

05011697 (England and Wales)

The director presents her report with the financial statements of the company for the year ended 31 December 2017.

DIRECTOR

Mrs F A Gordon held office during the whole of the period from 1 January 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Grosvenor Secretaries Limited - Secretary

20 August 2018

TURNOVER

-

-

Administrative expenses

14,040

11,968

(14,040

)

(11,968

)

Gain/loss on revaluation of investments

34,371

29,512

OPERATING PROFIT and

PROFIT BEFORE TAXATION

20,331

17,544

Tax on profit

6,187

5,902

PROFIT FOR THE FINANCIAL YEAR

14,144

11,642

FIXED ASSETS

Investments

4

826,519

792,148

CREDITORS

Amounts falling due within one year

5

473,873

459,833

NET CURRENT LIABILITIES

(473,873

)

(459,833

)

TOTAL ASSETS LESS CURRENT LIABILITIES

352,646

332,315

PROVISIONS FOR LIABILITIES

77,864

71,677

NET ASSETS

274,782

260,638

CAPITAL AND RESERVES

Called up share capital

144

144

Retained earnings

274,638

260,494

SHAREHOLDERS' FUNDS

274,782

260,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 August 2018 and were signed by:

Mrs F A Gordon - Director

1.	STATUTORY INFORMATION

Rosepetal Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the preparation of the financial statements, management has made no judgements,

estimates and assumptions that affect the amounts reported for assets and liabilities as at

the balance sheet date and the amounts reported for revenues and expenses during the

year.

Investments in subsidiaries

Investments in subsidiaries accounted for at fair value with changes in fair value recognised

in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST OR VALUATION

At 1 January 2017

792,148

Revaluations

34,371

At 31 December 2017

826,519

NET BOOK VALUE

At 31 December 2017

826,519

At 31 December 2016

792,148

Cost or valuation at 31 December 2017 is represented by:

Shares in

group

undertakings

€

Valuation in 2015

762,636

Valuation in 2016

29,512

Valuation in 2017

34,371

826,519

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

€

€

Other creditors

473,873

459,833

6.	ULTIMATE CONTROLLING PARTY