Registered number
00364150
Rowe (Kidderminster) Limited
Filleted Accounts
28 February 2025
Rowe (Kidderminster) Limited
Registered number: 00364150
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,102,684 1,182,718
Investments 4 100 100
1,102,784 1,182,818
Current assets
Debtors 5 53,775 524,173
Cash at bank and in hand 9,067 326,742
62,842 850,915
Creditors: amounts falling due within one year 6 (374,034) (131,528)
Net current (liabilities)/assets (311,192) 719,387
Net assets 791,592 1,902,205
Capital and reserves
Called up share capital 15,737 15,737
Share premium 16,230 16,230
Revaluation reserve 7 900,185 900,185
Profit and loss account (140,560) 970,053
Shareholders' funds 791,592 1,902,205
The directors are 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 directors acknowledge their 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.
P L Patterson
Director
Approved by the board on 2 June 2025
Rowe (Kidderminster) Limited
Notes to the Accounts
for the year ended 28 February 2025
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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% staright line
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 2,068,209 565,558 72,232 2,705,999
Disposals - - (44,032) (44,032)
At 28 February 2025 2,068,209 565,558 28,200 2,661,967
Depreciation
At 1 March 2024 950,142 539,835 33,304 1,523,281
Charge for the year 39,096 6,438 1,476 47,010
On disposals - - (11,008) (11,008)
At 28 February 2025 989,238 546,273 23,772 1,559,283
Net book value
At 28 February 2025 1,078,971 19,285 4,428 1,102,684
At 29 February 2024 1,118,067 25,723 38,928 1,182,718
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 March 2024 100
At 28 February 2025 100
5 Debtors 2025 2024
£ £
Trade debtors 18,800 10,454
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 503,160
Other debtors 34,975 10,559
53,775 524,173
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,464 29,866
Amounts owed to group undertakings and undertakings in which the company has a participating interest 260,840 -
Taxation and social security costs 5,135 68,393
Other creditors 103,595 33,269
374,034 131,528
7 Revaluation reserve 2025 2024
£ £
At 1 March 2024 900,185 900,185
At 28 February 2025 900,185 900,185
8 Related party transactions
Other creditors include an amount due to Mr R W A Rowe of £43,945 (2024 - £13,545), Mrs P L Patterson of £28,457 (2024 - £nil) and Mrs S L Watts £nil (2024 - £nil). All of whom are directors of the company.
9 Controlling party
The ultimate controlling party is R W A Rowe.
10 Other information
Rowe (Kidderminster) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wilden Business Park
Wilden Lane
Stourport-On-Severn
Worcestershire
DY13 9LW
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