REGISTERED NUMBER:
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ROSEBUD ENTERPRISES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30TH SEPTEMBER 2020 |
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REGISTERED NUMBER:
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ROSEBUD ENTERPRISES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30TH SEPTEMBER 2020 |
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ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ROSEBUD ENTERPRISES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
80 West View |
Barlby Road |
Selby |
North Yorkshire |
YO8 5BD |
ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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BALANCE SHEET |
30TH SEPTEMBER 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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BALANCE SHEET - continued |
30TH SEPTEMBER 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Rosebud Enterprises Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover includes revenue income for commercial and domestic property rental, maintenance and service charges, net of Value Added Tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures, fittings & equipment | - |
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Motor vehicles | - |
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Office equipment | - |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures, |
to | Plant and | fittings |
property | machinery | & equipment |
£ | £ | £ |
COST |
At 1st October 2019 |
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Additions |
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Disposals |
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At 30th September 2020 |
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DEPRECIATION |
At 1st October 2019 |
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Charge for year |
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Eliminated on disposal |
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At 30th September 2020 |
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NET BOOK VALUE |
At 30th September 2020 |
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At 30th September 2019 |
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Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st October 2019 |
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Additions |
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Disposals |
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At 30th September 2020 |
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DEPRECIATION |
At 1st October 2019 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 30th September 2020 |
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NET BOOK VALUE |
At 30th September 2020 |
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At 30th September 2019 |
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ROSEBUD ENTERPRISES LIMITED (REGISTERED NUMBER: 07767052) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st October 2019 |
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Additions |
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Disposals | ( |
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At 30th September 2020 |
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NET BOOK VALUE |
At 30th September 2020 |
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At 30th September 2019 |
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Investment properties were valued on an open market basis on 30th September 2020 by Mr E Rodgers, a director of the company. In his opinion there has been no increase or decrease in the value of the properties since they were acquired. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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As at 30 September 2020, the company owed Business Training Ventures, a company Mr E Rodgers is the shareholder and director of £413,499. |
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During the year the company rented a number of properties to Business Training Ventures. The total amount of rent and other property costs invoiced to the company in the year to 31 July 2020 was £92,056. |