Caseware UK (AP4) 2024.0.164 2024.0.164 false0No description of principal activity2024-01-01false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10063865 2024-01-01 2024-12-31 10063865 2023-01-01 2023-12-31 10063865 2024-12-31 10063865 2023-12-31 10063865 c:Director1 2024-01-01 2024-12-31 10063865 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 10063865 d:FreeholdInvestmentProperty 2024-12-31 10063865 d:FreeholdInvestmentProperty 2023-12-31 10063865 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 10063865 d:CurrentFinancialInstruments 2024-12-31 10063865 d:CurrentFinancialInstruments 2023-12-31 10063865 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10063865 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10063865 d:ShareCapital 2024-12-31 10063865 d:ShareCapital 2023-12-31 10063865 d:RetainedEarningsAccumulatedLosses 2024-12-31 10063865 d:RetainedEarningsAccumulatedLosses 2023-12-31 10063865 c:FRS102 2024-01-01 2024-12-31 10063865 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10063865 c:FullAccounts 2024-01-01 2024-12-31 10063865 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10063865 2 2024-01-01 2024-12-31 10063865 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10063865










ROWHILL PROPERTIES LIMITED








Unaudited

Financial statements

For the Year Ended 31 December 2024


 
ROWHILL PROPERTIES LIMITED
Registered number:10063865


Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
6,000,000
5,742,261

  
6,000,000
5,742,261

Current assets
  

Debtors: amounts falling due within one year
 5 
2,000
2,000

Cash at bank and in hand
  
371,934
838,201

  
373,934
840,201

Creditors: amounts falling due within one year
 6 
(6,345,259)
(6,354,358)

Net current liabilities
  
 
 
(5,971,325)
 
 
(5,514,157)

Total assets less current liabilities
  
28,675
228,104

  

Net assets
  
28,675
228,104


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
28,671
228,100

  
28,675
228,104


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 comprehensive income 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 by: 




MJ Kraus
Director

Page 1


 
ROWHILL PROPERTIES LIMITED
Registered number:10063865

    
Statement of financial position (continued)
As at 31 December 2024

Date: 22 July 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


 
ROWHILL PROPERTIES LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

Rowhill Properties Ltd is a company incorporated in England and Wales under the Companies Act. The principal activity of the company is that of property development and property investment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3


 
ROWHILL PROPERTIES LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

  
2.6
Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. 
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
 


  
2.7
Reserves

The company's reserves are as follows:
• Called up share capital represents the nominal value of the shares issued
• Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.

  
2.8
Turnover

Turnover represents gross rental income from the letting of property and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.  


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 4


 
ROWHILL PROPERTIES LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 December 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
5,742,261


Additions at cost
524,607


Deficit on revaluation
(266,868)



At 31 December 2024
6,000,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.






5.


Debtors

2024
2023
£
£


Other debtors
2,000
2,000

2,000
2,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
6,281,313
6,297,944

Corporation tax
19,213
16,501

Other creditors
31,593
27,493

Accruals and deferred income
13,140
12,420

6,345,259
6,354,358



7.


Controlling party

The company is controlled by Helibron Properties Limited, registered at 57-63 Line Wall Road, Gibraltar.
Page 5