Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 03390088 Mrs Susan North Miss Zoe North iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03390088 2023-11-30 03390088 2024-11-30 03390088 2023-12-01 2024-11-30 03390088 frs-core:CurrentFinancialInstruments 2024-11-30 03390088 frs-core:FurnitureFittings 2024-11-30 03390088 frs-core:FurnitureFittings 2023-12-01 2024-11-30 03390088 frs-core:FurnitureFittings 2023-11-30 03390088 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 03390088 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03390088 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 03390088 frs-core:MotorVehicles 2024-11-30 03390088 frs-core:MotorVehicles 2023-12-01 2024-11-30 03390088 frs-core:MotorVehicles 2023-11-30 03390088 frs-core:PlantMachinery 2024-11-30 03390088 frs-core:PlantMachinery 2023-12-01 2024-11-30 03390088 frs-core:PlantMachinery 2023-11-30 03390088 frs-core:ShareCapital 2024-11-30 03390088 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 03390088 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03390088 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 03390088 frs-bus:SmallEntities 2023-12-01 2024-11-30 03390088 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 03390088 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03390088 frs-core:UnlistedNon-exchangeTraded 2024-11-30 03390088 frs-core:UnlistedNon-exchangeTraded 2023-11-30 03390088 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 03390088 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 03390088 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 03390088 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 03390088 frs-bus:Director1 2023-12-01 2024-11-30 03390088 frs-bus:Director2 2023-12-01 2024-11-30 03390088 frs-countries:EnglandWales 2023-12-01 2024-11-30 03390088 2022-11-30 03390088 2023-11-30 03390088 2022-12-01 2023-11-30 03390088 frs-core:CurrentFinancialInstruments 2023-11-30 03390088 frs-core:ShareCapital 2023-11-30 03390088 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 03390088
Rowan Investments Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Poolemead Accountants (Winchester) Ltd
Chartered Accountants & Business Advisors
Tremain House 8 Maple Drive
Kings Worthy
Winchester
Hampshire
SO23 7NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03390088
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 183,996 196,997
183,996 196,997
CURRENT ASSETS
Stocks 6 240,000 378,145
Debtors 7 670,266 674,404
910,266 1,052,549
Creditors: Amounts Falling Due Within One Year 8 (510,009 ) (621,333 )
NET CURRENT ASSETS (LIABILITIES) 400,257 431,216
TOTAL ASSETS LESS CURRENT LIABILITIES 584,253 628,213
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,029 )
NET ASSETS 584,253 626,184
CAPITAL AND RESERVES
Called up share capital 9 1,002 1,002
Profit and Loss Account 583,251 625,182
SHAREHOLDERS' FUNDS 584,253 626,184
Page 1
Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mrs Susan North
Director
16/05/2025
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 Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03390088 . The registered office is Tremain House, 8 Maple Drive, Kings Worthy, Winchester, Hampshire, SO23 7NG.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.


2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 4% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on Cost
Fixtures & Fittings 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 year 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 asset reflects 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2023 272,503 33,276 25,100 11,450 342,329
Additions - 6,123 - - 6,123
Disposals - - (7,850 ) (927 ) (8,777 )
As at 30 November 2024 272,503 39,399 17,250 10,523 339,675
Depreciation
As at 1 December 2023 103,153 24,848 10,186 7,145 145,332
Provided during the period 5,342 2,948 3,938 1,173 13,401
Disposals - - (2,126 ) (928 ) (3,054 )
As at 30 November 2024 108,495 27,796 11,998 7,390 155,679
Net Book Value
As at 30 November 2024 164,008 11,603 5,252 3,133 183,996
As at 1 December 2023 169,350 8,428 14,914 4,305 196,997
5. Investments
Unlisted
£
Cost
As at 1 December 2023 1,000
As at 30 November 2024 1,000
Provision
As at 1 December 2023 1,000
As at 30 November 2024 1,000
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
The investment comprises a 100% interest in the ordinary share capital of New Lodge Veterinary Centre Limited. In the financial statements to 31st August 2023, the company reported profits of £38,046 (2022- £44,764) and net liabilities of £562,935.( 2022 Net liabilities £600,981).
Page 4
Page 5
6. Stocks
2024 2023
£ £
Finished goods 240,000 378,145
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,160 1,000
Other debtors 668,692 90,647
Corporation tax recoverable assets - 3,341
VAT 414 2,116
670,266 97,104
Due after more than one year
Amounts owed by group undertakings - 577,300
670,266 674,404
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,809 20,328
Bank loans and overdrafts 113,203 152,259
Other creditors 53 447,096
Accruals and deferred income 1,850 1,650
Directors' loan accounts 382,094 -
510,009 621,333
The bank overdraft is secured by a fixed and floating charge over the assets of the company.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,002 1,002
Page 5