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REGISTERED NUMBER: 09539063 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Rowdan Associates Ltd.

Rowdan Associates Ltd. (Registered number: 09539063)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Rowdan Associates Ltd.

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: Dr A Seedhouse
Ms J Taylor





Registered office: Herons Ford
Gooseford Lane
St John
Near Torpoint
Cornwall
PL11 3AR





Registered number: 09539063 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Rowdan Associates Ltd. (Registered number: 09539063)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,907 2,254
Investment property 5 223,000 222,000
224,907 224,254

Current assets
Debtors 6 517 36,085
Cash at bank 36,067 25,510
36,584 61,595
Creditors
Amounts falling due within one year 7 25,478 37,513
Net current assets 11,106 24,082
Total assets less current liabilities 236,013 248,336

Capital and reserves
Called up share capital 8 500 500
Revaluation reserve 9 25,278 24,278
Retained earnings 210,235 223,558
Shareholders' funds 236,013 248,336

Rowdan Associates Ltd. (Registered number: 09539063)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Ms J Taylor - Director


Rowdan Associates Ltd. (Registered number: 09539063)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Rowdan Associates 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment properties.

Turnover
Turnover represents amounts receivable in respect of services and is recognised upon invoicing the customer and adjusted for uninvoiced work in progress at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles20% reducing balance
Office equipment20 - 33% straight line

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 Profit and loss account, 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.

Rowdan Associates Ltd. (Registered number: 09539063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme have been charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 2,000 4,048 6,048
Additions - 328 328
Disposals - (95 ) (95 )
At 31 March 2024 2,000 4,281 6,281
Depreciation
At 1 April 2023 933 2,861 3,794
Charge for year 213 422 635
Eliminated on disposal - (55 ) (55 )
At 31 March 2024 1,146 3,228 4,374
Net book value
At 31 March 2024 854 1,053 1,907
At 31 March 2023 1,067 1,187 2,254

Rowdan Associates Ltd. (Registered number: 09539063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 222,000
Revaluations 1,000
At 31 March 2024 223,000
Net book value
At 31 March 2024 223,000
At 31 March 2023 222,000

A Seedhouse, a director of the company, considered the open market value of investment property to be £223,000 at the balance sheet date.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 12,278
Valuation in 2023 12,000
Valuation in 2024 1,000
Cost 197,722
223,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 35,455
Other debtors 517 630
517 36,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 21,128
Taxation and social security 6,839 5,035
Other creditors 18,639 11,350
25,478 37,513

Rowdan Associates Ltd. (Registered number: 09539063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 24,278
Transfer to revaluation
reserve 1,000

At 31 March 2024 25,278

10. TRANSACTIONS WITH RELATED PARTIES DIRECTORS

At the balance sheet date, the company owed the following amounts to related parties:

Dr A Seedhouse Director and shareholder £ 7,454
Ms J Taylor Director and shareholder £ 4,865

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.