Rowanvale Limited NI041459 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is television and radio programme production Digita Accounts Production Advanced 6.30.9574.0 true true NI041459 2022-04-01 2023-03-31 NI041459 2023-03-31 NI041459 bus:Revised 2023-03-31 NI041459 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI041459 core:FurnitureFittingsToolsEquipment 2023-03-31 NI041459 bus:SmallEntities 2022-04-01 2023-03-31 NI041459 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI041459 bus:FullAccounts 2022-04-01 2023-03-31 NI041459 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI041459 bus:RegisteredOffice 2022-04-01 2023-03-31 NI041459 bus:Director1 2022-04-01 2023-03-31 NI041459 bus:Director2 2022-04-01 2023-03-31 NI041459 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI041459 core:OfficeEquipment 2022-04-01 2023-03-31 NI041459 countries:NorthernIreland 2022-04-01 2023-03-31 NI041459 2022-03-31 NI041459 core:FurnitureFittingsToolsEquipment 2022-03-31 NI041459 2021-04-01 2022-03-31 NI041459 2022-03-31 NI041459 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: NI041459

Rowanvale Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Rowanvale Limited

(Registration number: NI041459)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

21,729

25,465

Creditors: Amounts falling due within one year

5

(10,431)

(10,902)

Net assets

 

11,298

14,563

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

11,296

14,561

Shareholders' funds

 

11,298

14,563

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

.........................................
Mr Paul Henry Evans
Director

.........................................
Mrs Joanne Moore Evans
Director

 

Rowanvale Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 6 Ballymullan Road, Crawfordsburn, Bangor, Co Down, BT19 1JG.

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Rowanvale Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% per year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Rowanvale Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,744

1,744

At 31 March 2023

1,744

1,744

Depreciation

At 1 April 2022

1,744

1,744

At 31 March 2023

1,744

1,744

Carrying amount

At 31 March 2023

-

-

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Directors current account

9,565

9,854

Accruals and deferred income

693

693

Other creditors

173

355

10,431

10,902