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REGISTERED NUMBER: 04792907 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Rowden Financial Services Limited

Rowden Financial Services Limited (Registered number: 04792907)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rowden Financial Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N A Money-Kyrle





SECRETARY: Ms S J Morris





REGISTERED OFFICE: North Wing
Rowden House
Rowden Hill
Chippenham
Wiltshire
SN15 2AG





REGISTERED NUMBER: 04792907 (England and Wales)

Rowden Financial Services Limited (Registered number: 04792907)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,236,069 1,250,290

CURRENT ASSETS
Debtors 5 399,242 385,691
Cash at bank and in hand 1,033 959
400,275 386,650
CREDITORS
Amounts falling due within one year 6 591,233 553,768
NET CURRENT LIABILITIES (190,958 ) (167,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,111

1,083,172

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,035,111 1,073,172
SHAREHOLDERS' FUNDS 1,045,111 1,083,172

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





N A Money-Kyrle - Director


Rowden Financial Services Limited (Registered number: 04792907)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rowden Financial Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land - is not depreciated
Freehold buildings - 2% on straight line basis
Fixtures and fittings - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Rowden Financial Services Limited (Registered number: 04792907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 872,325 706,476 13,852 1,592,653
Additions - 19,652 - 19,652
At 31 March 2024 872,325 726,128 13,852 1,612,305
DEPRECIATION
At 1 April 2023 196,646 132,155 13,562 342,363
Charge for year 13,145 20,438 290 33,873
At 31 March 2024 209,791 152,593 13,852 376,236
NET BOOK VALUE
At 31 March 2024 662,534 573,535 - 1,236,069
At 31 March 2023 675,679 574,321 290 1,250,290

Included in cost or valuation of land and buildings is freehold land of £ 182,500 (2023 - £ 182,500 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2023 - (295,766 ) - (295,766 )
Cost 872,325 1,021,894 13,852 1,908,071
872,325 726,128 13,852 1,612,305

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 218,012 204,703
Prepayments 4,284 4,042
222,296 208,745

Amounts falling due after more than one year:
Other debtors 176,946 176,946

Aggregate amounts 399,242 385,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,146 41
Social security and other taxes - 1,766
Other creditors 316,000 340,000
Directors' current accounts 268,337 208,349
Accruals and deferred income 3,750 3,612
591,233 553,768

Rowden Financial Services Limited (Registered number: 04792907)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

During the year the company charged management charges of £6,708 (2023: £39,534) to Fynamore Asset Management Ltd (FAM), a company registered in England & Wales which is controlled by NA Money-Kyrle. During the year the company also paid management charges of £3,004 (2023: £1,629) to FAM. A total balance of £191,273 (2023: £187,569) was due from FAM at the year end.

During the year the company charged management charges of £6,708 (2023: £39,534) to London & Economic Properties Ltd (LEP), a company registered in England & Wales which is controlled by NA Money-Kyrle. A total balance of £200,680 (2023: £193,972) was due from LEP at the year end.

8. ULTIMATE CONTROLLING PARTY

The controlling party is N A Money-Kyrle.