Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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28,931,812 | 28,931,812 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (2,000) | (2,000) | ||
Total assets less current liabilities | 28,929,812 | 28,929,812 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Share premium account |
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Revaluation reserve |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Rowe Estates Holdings Ltd (registered number:
Mr C R Rowe
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rowe Estates Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Fixed asset investments are carried at fair value.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investments in subsidiaries
2023 | |
£ | |
Cost | |
At 01 April 2022 |
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At 31 March 2023 |
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Carrying value at 31 March 2023 |
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Carrying value at 31 March 2022 |
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Investments in shares
Name of entity | Registered office | Nature of business | Class of shares |
Ownership 31.03.2023 |
Ownership 31.03.2022 |
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c/o Francis Clark LLP, Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, Devon PL1 3GW | Property, investment and development. |
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c/o Francis Clark LLP, Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, Devon PL1 3GW | Dormant. |
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2023 | 2022 | ||
£ | £ | ||
Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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272 Ordinary J shares of £ 1.00 each | 272 | 272 | |
268 Ordinary K shares of £ 1.00 each | 268 | 268 | |
1,716 Ordinary L shares of £ 1.00 each | 1,716 | 1,716 | |
858 Ordinary M shares of £ 1.00 each | 858 | 858 | |
858 Ordinary N shares of £ 1.00 each | 858 | 858 | |
14,300 | 14,300 |
Transactions with the entity's directors
2023 | 2022 | ||
£ | £ | ||
Dividends paid to the directors in the year | 160,325 | 151,321 | |
Dividends paid to the immediate family of the directors in the year | 425,675 | 397,179 |
The company has taken advantage of the exemption under FRS 102 "Related Party Disclosures" from disclosing transactions with other wholly owned members of the group.
The ultimate controlling party are the directors by virtue of their controlling shareholding.