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REGISTERED NUMBER: 07777284 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th September 2024

for

Rowsport Limited

Rowsport Limited (Registered number: 07777284)






Contents of the Financial Statements
For The Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Rowsport Limited

Company Information
For The Year Ended 30th September 2024







DIRECTORS: P J Butler
Mrs G S Butler





REGISTERED OFFICE: Kings Buildings
Hill Street
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 07777284 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Rowsport Limited (Registered number: 07777284)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,038 2,683
Investment property 5 760,000 760,000
762,038 762,683

CURRENT ASSETS
Debtors 6 12,431 287
Cash at bank and in hand 14,990 4,344
27,421 4,631
CREDITORS
Amounts falling due within one year 7 530,528 533,887
NET CURRENT LIABILITIES (503,107 ) (529,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,931

233,427

CAPITAL AND RESERVES
Called up share capital 8 1,440 1,440
Retained earnings 9 257,491 231,987
SHAREHOLDERS' FUNDS 258,931 233,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:




P J Butler - Director


Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements
For The Year Ended 30th September 2024

1. STATUTORY INFORMATION

Rowsport 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.

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.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 - 1 ) .

Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 5,836 4,352 10,188
DEPRECIATION
At 1st October 2023 4,480 3,025 7,505
Charge for year 203 442 645
At 30th September 2024 4,683 3,467 8,150
NET BOOK VALUE
At 30th September 2024 1,153 885 2,038
At 30th September 2023 1,356 1,327 2,683

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 760,000
NET BOOK VALUE
At 30th September 2024 760,000
At 30th September 2023 760,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2017 104,760
Valuation in 2018 20,000
Cost 635,240
760,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 635,420 635,420

investment properties were valued on an open market basis on by the directors .

Rowsport Limited (Registered number: 07777284)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' current accounts 12,144 -
Prepayments 287 287
12,431 287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 6,134 4,256
Other creditors 1,142 4,970
Directors' current accounts 520,853 520,353
Accrued expenses 2,079 4,308
No description 320 -
530,528 533,887

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,200 A Ordinary £1 1,200 1,200
120 B Ordinary £1 120 120
120 C Ordinary £1 120 120
1,440 1,440

9. RESERVES
Retained
earnings
£   

At 1st October 2023 231,987
Profit for the year 25,504
At 30th September 2024 257,491

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rowsport Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rowsport Limited for the year ended 30th September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rowsport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rowsport Limited and state those matters that we have agreed to state to the Board of Directors of Rowsport Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rowsport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rowsport Limited. You consider that Rowsport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rowsport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 6th May 2025