IRIS Accounts Production v24.3.0.553 07745248 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077452482023-08-31077452482024-08-31077452482023-09-012024-08-31077452482022-08-31077452482022-09-012023-08-31077452482023-08-3107745248ns15:EnglandWales2023-09-012024-08-3107745248ns14:PoundSterling2023-09-012024-08-3107745248ns10:Director12023-09-012024-08-3107745248ns10:Director22023-09-012024-08-3107745248ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107745248ns10:SmallEntities2023-09-012024-08-3107745248ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107745248ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107745248ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107745248ns10:FullAccounts2023-09-012024-08-3107745248ns10:Director32023-09-012024-08-3107745248ns10:RegisteredOffice2023-09-012024-08-3107745248ns5:CurrentFinancialInstruments2024-08-3107745248ns5:CurrentFinancialInstruments2023-08-3107745248ns5:Non-currentFinancialInstruments2024-08-3107745248ns5:Non-currentFinancialInstruments2023-08-3107745248ns5:ShareCapital2024-08-3107745248ns5:ShareCapital2023-08-3107745248ns5:RetainedEarningsAccumulatedLosses2024-08-3107745248ns5:RetainedEarningsAccumulatedLosses2023-08-3107745248ns5:PlantMachinery2023-09-012024-08-3107745248ns5:PlantMachinery2023-08-3107745248ns5:PlantMachinery2024-08-3107745248ns5:PlantMachinery2023-08-3107745248ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107745248ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 07745248 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RICHARD ROWAN LTD

RICHARD ROWAN LTD (REGISTERED NUMBER: 07745248)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD ROWAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: Mr R D Rowan
Mrs E J E Rowan





Registered office: First Floor
44 High Street
Newport Pagnell
Buckinghamshire
MK16 8AQ





Registered number: 07745248 (England and Wales)





Accountants: Clark Pritchard
First Floor
44 High Street
Newport Pagnell
Buckinghamshire
MK16 8AQ

RICHARD ROWAN LTD (REGISTERED NUMBER: 07745248)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 446 744

Current assets
Debtors 5 2,207 15,896
Cash at bank and in hand 44,883 32,841
47,090 48,737
Creditors
Amounts falling due within one year 6 31,581 26,228
Net current assets 15,509 22,509
Total assets less current liabilities 15,955 23,253

Creditors
Amounts falling due after more than one
year

7

10,996

17,000
Net assets 4,959 6,253

Capital and reserves
Called up share capital 100 100
Retained earnings 4,859 6,153
Shareholders' funds 4,959 6,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RICHARD ROWAN LTD (REGISTERED NUMBER: 07745248)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:




Mr R D Rowan - Director



Mrs E J E Rowan - Director


RICHARD ROWAN LTD (REGISTERED NUMBER: 07745248)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. Statutory information

Richard Rowan Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

RICHARD ROWAN LTD (REGISTERED NUMBER: 07745248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 September 2023
and 31 August 2024 29,233
Depreciation
At 1 September 2023 28,489
Charge for year 298
At 31 August 2024 28,787
Net book value
At 31 August 2024 446
At 31 August 2023 744

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 2,207 15,896

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 26,917 20,996
Other creditors 4,664 5,232
31,581 26,228

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 10,996 17,000

8. Ultimate controlling party

The ultimate controlling party is Mr R D Rowan.