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Company No: 04011014 (England and Wales)

ROWLINSON INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ROWLINSON INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ROWLINSON INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2023
ROWLINSON INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 3,014,500 3,014,500
3,014,500 3,014,500
Current assets
Debtors
- due within one year 4 128,161 39,431
- due after more than one year 4 550 550
Cash at bank and in hand 5,078,193 5,329,039
5,206,904 5,369,020
Creditors: amounts falling due within one year 5 ( 2,910,320) ( 3,222,659)
Net current assets 2,296,584 2,146,361
Total assets less current liabilities 5,311,084 5,160,861
Net assets 5,311,084 5,160,861
Capital and reserves
Called-up share capital 65 65
Revaluation reserve 933,904 933,904
Capital redemption reserve 35 35
Profit and loss account 4,377,080 4,226,857
Total shareholder's funds 5,311,084 5,160,861

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.

Director's responsibilities:

The financial statements of Rowlinson Investments Limited (registered number: 04011014) were approved and authorised for issue by the Director on 21 September 2024. They were signed on its behalf by:

D J Roberts
Director
ROWLINSON INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ROWLINSON INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rowlinson Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Stockport Exchange, Stockport, SK1 3GG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue derived from the sale of property, including land, is recognised upon the transfer of risks and rewards of ownership to the buyer, when there is an exchange of unconditional contracts.

Rental income is recognised in the period it falls due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year. 0 0

The director did not receive remuneration from the company other than a pension contribution.

3. Investment property

Investment property
£
Valuation
As at 01 January 2023 3,014,500
As at 31 December 2023 3,014,500

Properties were not revalued in the year as the fair value was considered to be similar to the carrying value.

4. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 25,899 25,287
Other debtors 102,262 14,144
128,161 39,431
Debtors: amounts falling due after more than one year
Other debtors 550 550

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,204 0
Amounts owed to director 2,762,112 3,097,135
Accruals and deferred income 31,869 29,362
Taxation and social security 53,985 38,331
Other creditors 56,150 57,831
2,910,320 3,222,659