IRIS Accounts Production v23.4.0.336 07777284 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077772842022-09-30077772842023-09-30077772842022-10-012023-09-30077772842021-09-30077772842021-10-012022-09-30077772842022-09-3007777284ns15:EnglandWales2022-10-012023-09-3007777284ns14:PoundSterling2022-10-012023-09-3007777284ns10:Director12022-10-012023-09-3007777284ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3007777284ns10:SmallEntities2022-10-012023-09-3007777284ns10:AuditExemptWithAccountantsReport2022-10-012023-09-3007777284ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3007777284ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3007777284ns10:FullAccounts2022-10-012023-09-3007777284ns10:OrdinaryShareClass12022-10-012023-09-3007777284ns10:OrdinaryShareClass22022-10-012023-09-3007777284ns10:OrdinaryShareClass32022-10-012023-09-3007777284ns10:Director22022-10-012023-09-3007777284ns10:CompanySecretary12022-10-012023-09-3007777284ns10:RegisteredOffice2022-10-012023-09-3007777284ns5:CurrentFinancialInstruments2023-09-3007777284ns5:CurrentFinancialInstruments2022-09-3007777284ns5:ShareCapital2023-09-3007777284ns5:ShareCapital2022-09-3007777284ns5:RetainedEarningsAccumulatedLosses2023-09-3007777284ns5:RetainedEarningsAccumulatedLosses2022-09-3007777284ns5:FurnitureFittings2022-10-012023-09-3007777284ns5:FurnitureFittings2022-09-3007777284ns5:ComputerEquipment2022-09-3007777284ns5:ComputerEquipment2022-10-012023-09-3007777284ns5:FurnitureFittings2023-09-3007777284ns5:ComputerEquipment2023-09-3007777284ns5:FurnitureFittings2022-09-3007777284ns5:ComputerEquipment2022-09-3007777284ns10:OrdinaryShareClass12023-09-3007777284ns10:OrdinaryShareClass22023-09-3007777284ns10:OrdinaryShareClass32023-09-3007777284ns5:RetainedEarningsAccumulatedLosses2022-09-3007777284ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30
REGISTERED NUMBER: 07777284 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th September 2023

for

Rowsport Limited

Rowsport Limited (Registered number: 07777284)






Contents of the Financial Statements
For The Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Rowsport Limited

Company Information
For The Year Ended 30th September 2023







DIRECTORS: P J Butler
Mrs G S Butler





SECRETARY:





REGISTERED OFFICE: Kings Buildings
Hill Street
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 07777284 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Rowsport Limited (Registered number: 07777284)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,683 1,526
Investment property 5 760,000 760,000
762,683 761,526

CURRENT ASSETS
Debtors 6 287 287
Cash at bank and in hand 4,344 776
4,631 1,063
CREDITORS
Amounts falling due within one year 7 533,887 548,367
NET CURRENT LIABILITIES (529,256 ) (547,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,427

214,222

CAPITAL AND RESERVES
Called up share capital 8 1,440 1,440
Retained earnings 9 231,987 212,782
SHAREHOLDERS' FUNDS 233,427 214,222

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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:




P J Butler - Director


Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements
For The Year Ended 30th September 2023

1. STATUTORY INFORMATION

Rowsport Limited 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2022 - 1 ) .

Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2022 5,327 3,364 8,691
Additions 509 988 1,497
At 30th September 2023 5,836 4,352 10,188
DEPRECIATION
At 1st October 2022 4,308 2,857 7,165
Charge for year 172 168 340
At 30th September 2023 4,480 3,025 7,505
NET BOOK VALUE
At 30th September 2023 1,356 1,327 2,683
At 30th September 2022 1,019 507 1,526

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2022
and 30th September 2023 760,000
NET BOOK VALUE
At 30th September 2023 760,000
At 30th September 2022 760,000

Fair value at 30th September 2023 is represented by:
£   
Valuation in 2017 104,760
Valuation in 2018 20,000
Cost 635,240
760,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 635,420 635,420

investment properties were valued on an open market basis on by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Prepayments 287 287

Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 4,256 2,890
Other creditors 4,970 839
Directors' current accounts 520,353 542,622
Accrued expenses 4,308 2,016
533,887 548,367

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,200 A Ordinary £1 1,200 1,200
120 B Ordinary £1 120 120
120 C Ordinary £1 120 120
1,440 1,440

9. RESERVES
Retained
earnings
£   

At 1st October 2022 212,782
Profit for the year 19,205
At 30th September 2023 231,987

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rowsport Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rowsport Limited for the year ended 30th September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rowsport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rowsport Limited and state those matters that we have agreed to state to the Board of Directors of Rowsport Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rowsport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rowsport Limited. You consider that Rowsport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rowsport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


15th February 2024