Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-02true2023-10-01falseproperty asset management11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09564561 2023-10-01 2024-09-30 09564561 2022-10-01 2023-09-30 09564561 2024-09-30 09564561 2023-09-30 09564561 1 2023-10-01 2024-09-30 09564561 d:Director1 2023-10-01 2024-09-30 09564561 c:ComputerEquipment 2023-10-01 2024-09-30 09564561 c:ComputerEquipment 2024-09-30 09564561 c:ComputerEquipment 2023-09-30 09564561 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09564561 c:CurrentFinancialInstruments 2024-09-30 09564561 c:CurrentFinancialInstruments 2023-09-30 09564561 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 09564561 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 09564561 c:ShareCapital 2024-09-30 09564561 c:ShareCapital 2023-09-30 09564561 c:RetainedEarningsAccumulatedLosses 2024-09-30 09564561 c:RetainedEarningsAccumulatedLosses 2023-09-30 09564561 d:OrdinaryShareClass1 2023-10-01 2024-09-30 09564561 d:OrdinaryShareClass1 2024-09-30 09564561 d:OrdinaryShareClass1 2023-09-30 09564561 d:FRS102 2023-10-01 2024-09-30 09564561 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09564561 d:FullAccounts 2023-10-01 2024-09-30 09564561 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09564561 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09564561









ROWAN MANAGEMENT COMPANY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
REGISTERED NUMBER: 09564561

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
788
1,182

  
788
1,182

Current assets
  

Debtors: amounts falling due within one year
 5 
5,081
3,361

Cash and cash equivalents
  
938
638

  
6,019
3,999

Creditors: amounts falling due within one year
 6 
(713,528)
(709,801)

Net current liabilities
  
 
 
(707,509)
 
 
(705,802)

Total assets less current liabilities
  
(706,721)
(704,620)

Net liabilities
  
(706,721)
(704,620)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(706,821)
(704,720)

Total deficit
  
(706,721)
(704,620)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 May 2025.




Page 1

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
REGISTERED NUMBER: 09564561
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

Nicholas Harry Jacobs
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Rowan Management Company Services Limited is a private limited company incorporated in England with the company number 09564561.
The Company's registered office is 10 Queen Street Place, London, EC4R 1AG. The Company's trading address is 10 Queen Street Place, London, EC4R 1AG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
After a review of the business by the director it was concluded that despite the illiquid position of the financial statements, the majority of its liabilities are to related parties. With agreement of these related parties there will be continued support of the Company and as such there is reasonable expectation to continue in operational existence for the forseeable future and accordingly the Company continues to adopt the going concern basis.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
 
Page 4

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023: 1).


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 October 2023
15,347



At 30 September 2024

15,347



Depreciation


At 1 October 2023
14,165


Charge for the year
394



At 30 September 2024

14,559



Net book value



At 30 September 2024
788



At 30 September 2023
1,182


5.


Debtors: amounts falling due within one year

2024
2023
£
£


Trade debtors
2,160
-
Page 5

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.Debtors: amounts falling due within one year (continued)


Amounts owed by group undertakings
2,270
2,270

Other debtors
651
1,091

5,081
3,361


Amounts owed by group undertakings are unsecured, interest free and repayment on demand.


6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
700
4,767

Amounts owed to group undertakings
640,824
632,358

Other taxation and social security
152
-

Other creditors
70,576
70,576

Accruals and deferred income
1,276
2,100

713,528
709,801


Amounts owed to group undertakings are unsecured, interest free and repayament on demand.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023: 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

At the end of the year the company owed Rowan Strategic Asset Management Limited £640,824 (2023: £632,358). This is included within note 6. N H Jacobs is the ultimate beneficial owner of Rowan Strategic Asset Management Limited.
Included in debtors within note 5 is a balance of £2,270 (2023: £2,270) owed by 8723 Limited. N H Jacobs is the ultimate beneficial owner of 8723 Limited.
Loans and transactions concerning directors and officers of the company
Included in other creditors is £60,576 (2023: £60,576) owed to N H Jacobs, a director. 

Page 6

 
ROWAN MANAGEMENT COMPANY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Controlling party

The ultimate controlling party is Mr N H Jacobs by virtue of his majority shareholding.


10.


Post balance sheet events

There were no significant events subsequent to the year end to report.

Page 7