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REGISTERED NUMBER: 10010592 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Rowe Lane Estates Ltd

Rowe Lane Estates Ltd (Registered number: 10010592)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rowe Lane Estates Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J Friedman
Ms V C Depledge
S S Zaltzman





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 10010592 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Rowe Lane Estates Ltd (Registered number: 10010592)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £ £ £ £
FIXED ASSETS
Investment property 4 800,000 3,469,000

CURRENT ASSETS
Debtors 5 39,466 32,294
Cash at bank 18,207 1,475
57,673 33,769
CREDITORS
Amounts falling due within one year 6 817,511 3,301,708
NET CURRENT LIABILITIES (759,838 ) (3,267,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,162

201,061

CREDITORS
Amounts falling due after more than one
year

7

(34,781

)

-

PROVISIONS FOR LIABILITIES 8 (27,840 ) (140,387 )
NET (LIABILITIES)/ASSETS (22,459 ) 60,674

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non distributable reserves 118,687 494,993
Retained earnings (141,246 ) (434,419 )
SHAREHOLDERS' FUNDS (22,459 ) 60,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Rowe Lane Estates Ltd (Registered number: 10010592)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 October 2023 and were signed on its behalf by:





J Friedman - Director


Rowe Lane Estates Ltd (Registered number: 10010592)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2022 - 1 ) .

Rowe Lane Estates Ltd (Registered number: 10010592)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2022 3,469,000
Additions 85
Disposals (2,669,085 )
At 31 January 2023 800,000
NET BOOK VALUE
At 31 January 2023 800,000
At 31 January 2022 3,469,000

Fair value at 31 January 2023 is represented by:
£
Valuation in 2021 1,597,141
Valuation in 2022 (961,761 )
Valuation in 2023 (488,852 )
Cost 653,472
800,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Trade debtors 21,678 -
Other debtors 17,788 32,294
39,466 32,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£ £
Bank loans and overdrafts 5,620 558,149
Trade creditors 36,687 48,220
Amounts owed to group undertakings 384,051 1,184,051
Taxation and social security 702 -
Other creditors 390,451 1,511,288
817,511 3,301,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£ £
Bank loans 34,781 -

Rowe Lane Estates Ltd (Registered number: 10010592)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,301 -

8. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£ £
Deferred tax 27,840 140,387

Deferred tax
£
Balance at 1 February 2022 140,387
Provided during year (112,547 )
Balance at 31 January 2023 27,840

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £ £
1 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company owed £384,051 (2022: £1,184,051) to one of the shareholders, The Knightland Foundation (UK Registered Charity)


Included within other creditors an amount of £387,951 (2022: £1,282,965) due to Bellview Estates Limited, a company in which J Friedman is a director and shareholder.