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Registered number: 04413119










ROWLANDS WOODHOUSE (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
REGISTERED NUMBER:04413119

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022 Restated
Note
£
£

Fixed assets
  

Investments
 5 
256,652
256,652

  
256,652
256,652

Current assets
  

Debtors: amounts falling due within one year
 6 
700,133
100

Cash at bank and in hand
  
3,017
2,362

  
703,150
2,462

Creditors: amounts falling due within one year
 7 
(920,134)
(199,995)

Net current liabilities
  
 
 
(216,984)
 
 
(197,533)

Total assets less current liabilities
  
39,668
59,119

Creditors: amounts falling due after more than one year
 8 
(23,658)
(35,428)

  

Net assets
  
16,010
23,691


Capital and reserves
  

Called up share capital 
  
14,901
14,901

Profit and loss account
  
1,109
8,790

  
16,010
23,691


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
REGISTERED NUMBER:04413119
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2024.




................................................
Nigel George Gotts
................................................
James Arthur Walker
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Enter user text here... 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholdera.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
10,000



At 31 May 2023

10,000



Amortisation


At 1 June 2022
10,000



At 31 May 2023

10,000



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 5

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Fixed asset investments





Investments in subsidiary companies
Restated

£



Cost or valuation


At 1 June 2022
256,652



At 31 May 2023
256,652




Page 6

 
ROWLANDS WOODHOUSE (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
700,000
-

Other debtors
20
-

Prepayments and accrued income
113
100

700,133
100



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
12,805
13,839

Amounts owed to group undertakings
904,102
183,081

Corporation tax
-
44

Accruals and deferred income
3,227
3,031

920,134
199,995



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,658
35,428

23,658
35,428



9.


Prior year adjustment

The Company was part of a restructure during the year, and as a result of this it is deemed more appropriate for the investments to be held at cost, for comparability the comparitives have also been amended to reflect this.

 
Page 7