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REGISTERED NUMBER: 10537098 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROWE MILLER HOMES LIMITED

ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROWE MILLER HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E A Miller





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 11 Edmund Close
Rochford
Essex
SS4 1JW





REGISTERED NUMBER: 10537098 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,248 -
Investment property 5 1,430,000 1,370,000
1,436,248 1,370,000

CURRENT ASSETS
Debtors 6 5,166 4,787
Cash at bank 2,934 7,944
8,100 12,731
CREDITORS
Amounts falling due within one year 7 253,631 217,200
NET CURRENT LIABILITIES (245,531 ) (204,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,190,717

1,165,531

CREDITORS
Amounts falling due after more than one
year

8

(858,281

)

(856,019

)

PROVISIONS FOR LIABILITIES (82,007 ) (74,987 )
NET ASSETS 250,429 234,525

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 273,181 252,121
Retained earnings (22,852 ) (17,696 )
SHAREHOLDERS' FUNDS 250,429 234,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 11 September 2024 and were signed by:





E A Miller - Director


ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rowe Miller Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus of deficit 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.

3. EMPLOYEES AND DIRECTORS

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

ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 6,942
At 31 December 2023 6,942
DEPRECIATION
Charge for year 694
At 31 December 2023 694
NET BOOK VALUE
At 31 December 2023 6,248

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 1,370,000
Additions 31,920
Revaluations 28,080
At 31 December 2023 1,430,000
NET BOOK VALUE
At 31 December 2023 1,430,000
At 31 December 2022 1,370,000

The company's investment properties were revalued to open market value at the period end by an independent estate agent.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 162 470
Other debtors 5,004 4,317
5,166 4,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 253,631 217,200

ROWE MILLER HOMES LIMITED (REGISTERED NUMBER: 10537098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 858,281 856,019

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 858,281 856,019

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 858,281 856,019

The debt is secured by a fixed legal charge on the company investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023 252,121
Fair value gains 21,060

At 31 December 2023 273,181