Rowbrocke Limited 01566727 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property owning and managing Digita Accounts Production Advanced 6.30.9574.0 true true 01566727 2023-01-01 2023-12-31 01566727 2023-12-31 01566727 bus:OrdinaryShareClass2 2023-12-31 01566727 bus:OrdinaryShareClass3 2023-12-31 01566727 bus:OrdinaryShareClass4 2023-12-31 01566727 core:RetainedEarningsAccumulatedLosses 2023-12-31 01566727 core:ShareCapital 2023-12-31 01566727 core:SharePremium 2023-12-31 01566727 core:CurrentFinancialInstruments 2023-12-31 01566727 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01566727 core:FurnitureFittingsToolsEquipment 2023-12-31 01566727 bus:SmallEntities 2023-01-01 2023-12-31 01566727 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01566727 bus:FullAccounts 2023-01-01 2023-12-31 01566727 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01566727 bus:RegisteredOffice 2023-01-01 2023-12-31 01566727 bus:Director2 2023-01-01 2023-12-31 01566727 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 01566727 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 01566727 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 01566727 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01566727 core:FurnitureFittings 2023-01-01 2023-12-31 01566727 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 01566727 core:OtherRelatedParties 2023-01-01 2023-12-31 01566727 countries:England 2023-01-01 2023-12-31 01566727 2022-12-31 01566727 core:FurnitureFittingsToolsEquipment 2022-12-31 01566727 2022-01-01 2022-12-31 01566727 2022-12-31 01566727 bus:OrdinaryShareClass2 2022-12-31 01566727 bus:OrdinaryShareClass3 2022-12-31 01566727 bus:OrdinaryShareClass4 2022-12-31 01566727 core:RetainedEarningsAccumulatedLosses 2022-12-31 01566727 core:ShareCapital 2022-12-31 01566727 core:SharePremium 2022-12-31 01566727 core:CurrentFinancialInstruments 2022-12-31 01566727 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01566727 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01566727

Rowbrocke Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Rowbrocke Limited

(Registration number: 01566727)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,156

Investment property

5

340,000

340,000

 

340,000

341,156

Current assets

 

Debtors

6

373,114

370,655

Cash at bank and in hand

 

42,153

38,679

 

415,267

409,334

Creditors: Amounts falling due within one year

7

(165,814)

(184,991)

Net current assets

 

249,453

224,343

Total assets less current liabilities

 

589,453

565,499

Provisions for liabilities

(43,635)

(28,129)

Net assets

 

545,818

537,370

Capital and reserves

 

Called up share capital

8

65

65

Share premium reserve

35

35

Retained earnings

545,718

537,270

Shareholders' funds

 

545,818

537,370

 

Rowbrocke Limited

(Registration number: 01566727)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 


Mr Nicholas Allen Peacock
Director

   
 

Rowbrocke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

Registration number: 01566727

The address of its registered office is:
52-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UKi and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rowbrocke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

10% per annum on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Periodic valuations are carried out by a firm of Chartered Surveyors, when considered necessary by the directors.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rowbrocke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

13,853

13,853

At 31 December 2023

13,853

13,853

Depreciation

At 1 January 2023

12,697

12,697

Charge for the year

1,156

1,156

At 31 December 2023

13,853

13,853

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

1,156

1,156

5

Investment properties

2023
£

At 1 January 2022

340,000

At 31 December 2022

340,000

The investment property was valued at the previous year-end by a third party firm of Chartered Surveyors.

 

Rowbrocke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

2023
£

2022
£

Trade debtors

2,796

2,000

Prepayments

4,004

702

Other debtors

366,314

367,953

 

373,114

370,655

7

Creditors

2023
£

2022
£

Due within one year

Other payables

165,814

184,991

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

24

24

24

24

Ordinary B shares of £1 each

24

24

24

24

Ordinary C shares of £1 each

17

17

17

17

 

65

65

65

65

9

Related party transactions

Summary of transactions with other related parties

During the year ended 31 December 2017 a loan of £50,000 was advanced to Mr M A Peacock. No interest has been charged on the loan and no repayments have been made during the year. The amount repayable at the balance sheet date was £50,000 (2022- £50,000).