Rose Renovations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04206213 (England and Wales)

Financial Statements for the Year Ended 30 April 2018

for

Rose Renovations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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:

Paulley's Accounting Limited

55 Bristol Road

Keynsham

Bristol

BS31 2WA

FIXED ASSETS

Tangible assets

4

1,363

1,757

Investments

5

1,209,625

1,209,625

Investment property

6

1,640,672

1,439,000

2,851,660

2,650,382

CURRENT ASSETS

Debtors

7

10,122

8,617

Cash at bank

368,580

87,437

378,702

96,054

CREDITORS

Amounts falling due within one year

8

35,405

216,688

NET CURRENT ASSETS/(LIABILITIES)

343,297

(120,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,194,957

2,529,748

CREDITORS

Amounts falling due after more than one year

9

159,019

159,021

NET ASSETS

3,035,938

2,370,727

CAPITAL AND RESERVES

Called up share capital

20

20

Share premium

1,209,615

1,209,615

Retained earnings

1,826,303

1,161,092

SHAREHOLDERS' FUNDS

3,035,938

2,370,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements for company number 04206213 were approved by the Board of Directors on 14 December 2018 and were signed on its behalf by:

M Budd - Director

1.	STATUTORY INFORMATION

Rose Renovations 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.

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 has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

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

fair value is 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 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 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 (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2017

and 30 April 2018

3,750

13,358

654

17,762

DEPRECIATION

At 1 May 2017

3,296

12,055

654

16,005

Charge for year

68

326

-

394

At 30 April 2018

3,364

12,381

654

16,399

NET BOOK VALUE

At 30 April 2018

386

977

-

1,363

At 30 April 2017

454

1,303

-

1,757

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2017

and 30 April 2018

1,209,625

NET BOOK VALUE

At 30 April 2018

1,209,625

At 30 April 2017

1,209,625

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

1,439,000

Additions

178,082

Revaluations

23,590

At 30 April 2018

1,640,672

NET BOOK VALUE

At 30 April 2018

1,640,672

At 30 April 2017

1,439,000

Fair value at 30 April 2018 is represented by:

£

Valuation in 2013

96,309

Valuation in 2014

5,000

Valuation in 2015

175,000

Valuation in 2017

105,881

Valuation in 2018

23,590

Cost

1,234,892

1,640,672

If the investment properties had not been revalued they would have been included at the following historical cost:

30.4.18

30.4.17

£

£

Cost

1,048,705

1,048,705

Investment properties were valued on an open market basis on 30 April 2017 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

10,122

8,617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Amounts owed to group undertakings

7,610

191,200

Taxation and social security

15,410

14,032

Other creditors

12,385

11,456

35,405

216,688

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Other creditors

159,019

159,021

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Mortgages

159,019

159,021

One mortgage with a balance of £109,034 has 10 years and 7 months remaining. The loan is interest only at

0.42% and is secured on a property owned by the company.

The second mortgage with a balance of £49,986 has 10 years and 6 months remaining. The loan is interest only

at 1.14% and is secured on a property owned by the company.

11.	ULTIMATE CONTROLLING PARTY

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