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REGISTERED NUMBER: 10803933 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ROWLANDS FOUNTAIN LTD

ROWLANDS FOUNTAIN LTD (REGISTERED NUMBER: 10803933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

ROWLANDS FOUNTAIN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mrs K A Sinclair
Mrs M E Sinclair





REGISTERED OFFICE: 34 The Green
Rowlands Castle
Hampshire
PO9 6AB





REGISTERED NUMBER: 10803933 (England and Wales)





ACCOUNTANTS: Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF

ROWLANDS FOUNTAIN LTD (REGISTERED NUMBER: 10803933)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 25,297 27,614

CURRENT ASSETS
Stocks 8,000 5,813
Debtors 5 8,040 4,689
Cash at bank and in hand 9,906 34,693
25,946 45,195
CREDITORS
Amounts falling due within one year 6 100,223 63,007
NET CURRENT LIABILITIES (74,277 ) (17,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,980

)

9,802

CREDITORS
Amounts falling due after more than one
year

7

19,833

26,833
NET LIABILITIES (68,813 ) (17,031 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (68,815 ) (17,033 )
(68,813 ) (17,031 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

ROWLANDS FOUNTAIN LTD (REGISTERED NUMBER: 10803933)

BALANCE SHEET - continued
30TH JUNE 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 10th October 2023 and were signed on its behalf by:





Mrs K A Sinclair - Director


ROWLANDS FOUNTAIN LTD (REGISTERED NUMBER: 10803933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Rowlands Fountain 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.

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 each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

ROWLANDS FOUNTAIN LTD (REGISTERED NUMBER: 10803933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Improvements and Computer
leasehold to property fittings equipment Totals
£ £ £ £ £
COST
At 1st July 2022
and 30th June 2023 18,371 3,292 24,891 347 46,901
DEPRECIATION
At 1st July 2022 - 2,533 16,484 270 19,287
Charge for year - 190 2,106 21 2,317
At 30th June 2023 - 2,723 18,590 291 21,604
NET BOOK VALUE
At 30th June 2023 18,371 569 6,301 56 25,297
At 30th June 2022 18,371 759 8,407 77 27,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 3,980 637
Other debtors 4,060 4,052
8,040 4,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 7,000 7,000
Trade creditors 27,599 9,332
Taxation and social security 19,270 20,776
Other creditors 46,354 25,899
100,223 63,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 19,833 26,833

ROWLANDS FOUNTAIN LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ROWLANDS FOUNTAIN LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF


10th October 2023