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REGISTERED NUMBER: 09705334 (England and Wales)














ROWLANDS HATCH LTD

Unaudited Financial Statements

for the Year Ended 31 July 2023






ROWLANDS HATCH LTD (REGISTERED NUMBER: 09705334)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ROWLANDS HATCH LTD

Company Information
for the Year Ended 31 July 2023







Directors: Mr M R Patel
Mr S Patel





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 09705334 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

ROWLANDS HATCH LTD (REGISTERED NUMBER: 09705334)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,119 58,119
Tangible assets 5 13,212 15,265
71,331 73,384

CURRENT ASSETS
Debtors 6 28,147 16,259
Cash at bank and in hand 27,236 35,960
55,383 52,219
CREDITORS
Amounts falling due within one year 7 138,027 133,293
NET CURRENT LIABILITIES (82,644 ) (81,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,313

)

(7,690

)

CREDITORS
Amounts falling due after more than
one year

8

10,944

16,192
NET LIABILITIES (22,257 ) (23,882 )

CAPITAL AND RESERVES
Called up share capital 20,100 20,100
Retained earnings (42,357 ) (43,982 )
SHAREHOLDERS' FUNDS (22,257 ) (23,882 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 HATCH LTD (REGISTERED NUMBER: 09705334)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





Mr M R Patel - Director


ROWLANDS HATCH LTD (REGISTERED NUMBER: 09705334)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Rowlands Hatch 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

ROWLANDS HATCH LTD (REGISTERED NUMBER: 09705334)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 58,119
Net book value
At 31 July 2023 58,119
At 31 July 2022 58,119

ROWLANDS HATCH LTD (REGISTERED NUMBER: 09705334)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 August 2022 41,627
Additions 636
At 31 July 2023 42,263
Depreciation
At 1 August 2022 26,362
Charge for year 2,689
At 31 July 2023 29,051
Net book value
At 31 July 2023 13,212
At 31 July 2022 15,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 28,147 16,259

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,051 4,854
Trade creditors 3,460 612
Taxation and social security 5,755 2,290
Other creditors 123,761 125,537
138,027 133,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,944 16,192