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REGISTERED NUMBER: 07934373 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Rowell Associates Limited

Rowell Associates Limited (Registered number: 07934373)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rowell Associates Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr D P Rowell





SECRETARY:





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 3a Market Row
Saffron Walden
Essex
CB10 1HA





REGISTERED NUMBER: 07934373 (England and Wales)

Rowell Associates Limited (Registered number: 07934373)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 196 464
Investment property 6 240,000 231,600
240,196 232,064

CURRENT ASSETS
Stocks - 240,300
Debtors 7 500 500
Cash at bank 750 87
1,250 240,887
CREDITORS
Amounts falling due within one year 8 201,409 435,881
NET CURRENT LIABILITIES (200,159 ) (194,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,037

37,070

PROVISIONS FOR LIABILITIES 1,633 -
NET ASSETS 38,404 37,070

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 6,767 -
Retained earnings 31,636 37,069
38,404 37,070

Rowell Associates Limited (Registered number: 07934373)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 11 November 2023 and were signed by:





Mr D P Rowell - Director


Rowell Associates Limited (Registered number: 07934373)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Rowell Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Rowell Associates Limited (Registered number: 07934373)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 812
DEPRECIATION
At 1 March 2022 348
Charge for year 268
At 28 February 2023 616
NET BOOK VALUE
At 28 February 2023 196
At 28 February 2022 464

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 231,600
Revaluations 8,400
At 28 February 2023 240,000
NET BOOK VALUE
At 28 February 2023 240,000
At 28 February 2022 231,600

Rowell Associates Limited (Registered number: 07934373)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 8,400
Cost 231,600
240,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 500 500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 936 936
Other creditors 200,473 434,945
201,409 435,881

Other creditors include accruals of £2,105 (2022 - £5,273), Director Loan account of 195,118 (2022 - £417,382 and rent deposits of £3,250 (2022 - £12,290)

9. RESERVES
Revaluation
reserve
£   
Transfer to fair value reserve 6,767

At 28 February 2023 6,767