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Company No: 12353816 (England and Wales)

ROWSELL HOLDINGS LTD

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

ROWSELL HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ROWSELL HOLDINGS LTD

BALANCE SHEET

As at 31 December 2023
ROWSELL HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 500,000 500,000
500,000 500,000
Current assets
Debtors 4 100 100
Cash at bank and in hand 100,000 50,000
100,100 50,100
Creditors: amounts falling due within one year 5 ( 7,720) ( 7,300)
Net current assets 92,380 42,800
Total assets less current liabilities 592,380 542,800
Net assets 592,380 542,800
Capital and reserves
Called-up share capital 100 100
Profit and loss account 592,280 542,700
Total shareholder's funds 592,380 542,800

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 Rowsell Holdings Ltd (registered number: 12353816) were approved and authorised for issue by the Director on 30 June 2024. They were signed on its behalf by:

J M Rowsell
Director
ROWSELL HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ROWSELL HOLDINGS LTD

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

Rowsell Holdings Ltd (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 24 Buckland Road Pen Mill Trading Estate, Yeovil, BA21 5HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 500,000
At 31 December 2023 500,000
Carrying value at 31 December 2023 500,000
Carrying value at 31 December 2022 500,000

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.12.2023
Ownership
31.12.2022
Rowsell Roofing Limited 24 Buckland Road, Pen Mill Trading Estate, Yeovil Roofing Contractors Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Other debtors 100 100

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 7,720 7,300