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Registered number: 13257338
Rowan Group Holdings Limited
Financial Statements
For The Year Ended 31 March 2024
NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13257338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 316,575
- 316,575
CURRENT ASSETS
Debtors 5 77,024 85,000
Cash at bank and in hand 608,310 35,214
685,334 120,214
Creditors: Amounts Falling Due Within One Year 6 (2,613 ) (1,763 )
NET CURRENT ASSETS (LIABILITIES) 682,721 118,451
TOTAL ASSETS LESS CURRENT LIABILITIES 682,721 435,026
Creditors: Amounts Falling Due After More Than One Year 7 (500,000 ) (391,575 )
NET ASSETS 182,721 43,451
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 182,621 43,351
SHAREHOLDERS' FUNDS 182,721 43,451
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr R Jennings
Director
28th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rowan Group Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13257338 . The registered office is 14 Victoria Square, Droitwich Spa, Worcestershire, WR9 8DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 April 2023 316,575
Disposals (316,575 )
As at 31 March 2024 -
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 316,575
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 27,024 75,000
Other debtors 50,000 10,000
77,024 85,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 1,548 1,763
Taxation and social security 1,066 -
2,613 1,763
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 500,000 391,575
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr R Jennings 12,000 16,000
Mrs M Jennings 12,000 16,000
Page 5