Rosie Investments Limited - Accounts to registrar (filleted) - small 18.2
Rosie Investments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2018 |
for |
Rosie Investments Limited |
Rosie Investments Limited (Registered number: SC173177) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 6 |
Rosie Investments Limited |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
82b East Main Street |
Broxburn |
EH52 5EG |
BANKERS: |
113 - 115 South Street |
St Andrews |
KY16 9QB |
Rosie Investments Limited (Registered number: SC173177) |
Balance Sheet |
31 March 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
Rosie Investments Limited (Registered number: SC173177) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Rosie Investments Limited is a |
office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
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. |
Investment properties |
Investment properties are shown at their open market value. The surplus or deficit arising from revaluation is recognised in the profit and loss |
account for the year. |
This is in accordance with the FRS 102 Section 1A, which, unlike the Companies Act 2006, does not require depreciation of investment |
properties. Investment properties are held for their investment potential and their current value is of prime importance. This departure from the |
provisions of the Companies Act is required in order to give a true and fair view. |
Rosie Investments Limited (Registered number: SC173177) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Cost or valuation at 31 March 2018 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2016 | 84,088 | - | 84,088 |
Valuation in 2007 | 233,685 | - | 233,685 |
Cost | 698,477 | 12,382 | 710,859 |
1,016,250 | 12,382 | 1,028,632 |
If Land and buildings had not been revalued they would have been included at the following historical cost: |
31.3.18 | 31.3.17 |
£ | £ |
Cost | 698,477 | 698,477 |
Land and buildings were valued on an open market value basis on 31 March 2018 by the directors . |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
Rosie Investments Limited (Registered number: SC173177) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | 198,997 | 241,616 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
The bank have a bond and floating charge over the assets of the company and a fixed security over heritable property. |
8. | RELATED PARTY DISCLOSURES |
At the year end the company is due £5,600 (2017 £77,250 due from) to Hermitage Investments Limited this loan is unsecured, bears no |
interest and has no fixed repayment terms. |
Eve Brown Limited provided property management services to the company in the normal course of business and at no charge. Included in Other debtors is £13,952 (2017 £13,952) due from Eve Brown Limited at the year end. The loan is unsecured, bears no fixed interest and has no fixed repayment terms. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Rosie Investments Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. |
In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rosie |
Investments Limited for the year ended 31 March 2018 which comprise the Income Statement, Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of Rosie Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rosie Investments Limited and state those matters that we have agreed to state to the Board of Directors of Rosie Investments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Rosie Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rosie Investments Limited. You consider that Rosie Investments Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Rosie Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
82b East Main Street |
Broxburn |
EH52 5EG |