Registered number
03336782
The Rowans Estate Management Ltd
Filleted Accounts
31 July 2024
The Rowans Estate Management Ltd
Registered number: 03336782
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 640,562 136,060
Cash at bank and in hand 104,468 35,550
745,030 171,610
Creditors: amounts falling due within one year 4 (741,778) (168,358)
Net current assets 3,252 3,252
Net assets 3,252 3,252
Capital and reserves
Called up share capital 160 160
Profit and loss account 3,092 3,092
Shareholders' funds 3,252 3,252
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Radley
Director
Approved by the board on 10 April 2025
The Rowans Estate Management Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover for the year reflects management charges received and devoted to the management of The Rowans Estate. Any management charge received in excess of amounts expended have been carried forward as a liability of the company.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 413,418 136,060
Other debtors 227,144 -
640,562 136,060
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 31 31
Other creditors 741,747 168,327
741,778 168,358
5 Controlling party
The only voting share in issue was registered to Mewslade (Eastern) Ltd, The Warehouse, Wyndham Arcade, St Mary Street, Cardiff, Wales, CF10 1FH who hold it on behalf of the residents of the Rowans Estate.
6 Other information
The Rowans Estate Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
One The Centre
High Street
Gillingham
Dorset
SP8 4AB
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