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REGISTERED NUMBER: 06125028 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

The Rowleys Partnership Ltd

The Rowleys Partnership Ltd (Registered number: 06125028)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Rowleys Partnership Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C E Shevas
Mrs P T Swann-Jones
Mr M O Hook
Mr M H Freeman
Mr T A Copson
Mr M Hutchinson
Mrs L Parkes
Mrs C E Clifford





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 06125028 (England and Wales)






The Rowleys Partnership Ltd (Registered number: 06125028)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,649 93,659

CURRENT ASSETS
Debtors 5 1,069,119 1,059,549
Cash at bank 79,839 27,286
1,148,958 1,086,835
CREDITORS
Amounts falling due within one year 6 624,744 622,502
NET CURRENT ASSETS 524,214 464,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,863

557,992

PROVISIONS FOR LIABILITIES 16,649 20,451
NET ASSETS 582,214 537,541

CAPITAL AND RESERVES
Called up share capital 7 300,000 300,000
Retained earnings 282,214 237,541
SHAREHOLDERS' FUNDS 582,214 537,541

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 Rowleys Partnership Ltd (Registered number: 06125028)

Balance Sheet - continued
31 March 2024


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 30 August 2024 and were signed on its behalf by:




Mr C E Shevas - Director



Mr T A Copson - Director


The Rowleys Partnership Ltd (Registered number: 06125028)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

The Rowleys Partnership 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 recognised at the fair value of the consideration received or receivable, for products and services provided, excluding discounts, rebates, value added tax and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - over the term of the lease
Fixtures and fittings - 20% on cost
Computer equipment - 33% straight line basis

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102, to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.


The Rowleys Partnership Ltd (Registered number: 06125028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Lease commitments and incentives
Rent payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

The benefits of lease incentives are recognised in the profit and loss account over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 63 ) .

4. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 89,288 81,543 285,210 456,041
Additions - 701 16,926 17,627
At 31 March 2024 89,288 82,244 302,136 473,668
DEPRECIATION
At 1 April 2023 33,559 69,547 259,276 362,382
Charge for year 13,453 2,457 20,727 36,637
At 31 March 2024 47,012 72,004 280,003 399,019
NET BOOK VALUE
At 31 March 2024 42,276 10,240 22,133 74,649
At 31 March 2023 55,729 11,996 25,934 93,659

The Rowleys Partnership Ltd (Registered number: 06125028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 619,199 567,570
Other debtors 449,920 491,979
1,069,119 1,059,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 75,070 135,420
Amounts owed to group undertakings 213 15,000
Taxation and social security 450,488 357,116
Other creditors 98,973 114,966
624,744 622,502

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
300,000 Ordinary shares £1 300,000 300,000

8. OTHER FINANCIAL COMMITMENTS

The company has total commitments at the balance sheet date of £206,494 (2023 £261,559).

9. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is Rowleys Group LLP. The registered office of Rowleys Group LLP is Charnwood House, Harcourt Way, Meridian Business Park, Leicester, LE19 1WP.