ACCOUNTS - Final Accounts preparation

Company registration number: 06942677

	FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 29 MARCH 2024

	ROWAN HOUSING LIMITED


ROWAN HOUSING LIMITED

COMPANY INFORMATION

Director	B. A. Mitchell


Registered number	06942677


Registered office	1 Park Road
	Hampton Wick
	Kingston Upon Thames
	Surrey
	KT1 4AS


ROWAN HOUSING LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


ROWAN HOUSING LIMITED REGISTERED NUMBER:06942677

STATEMENT OF FINANCIAL POSITION

AS AT 29 MARCH 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,426,344		1,237,399
Cash at bank and in hand		6,739		8,307
		1,433,083		1,245,706
Creditors: amounts falling due within one year	5	(558,032)		(553,763)
Net current assets			875,051		691,943
Total assets less current liabilities			875,051		691,943

Net assets			875,051		691,943

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	874,951	691,843
	875,051	691,943

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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 by:

................................................

B. A. Mitchell

Director

Date: 5 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


ROWAN HOUSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2024

1.	General information

Rowan Housing Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and the Company's registered number is disclosed on the company information page. The principal place of the business is Bridgeham Grange, Broadbridge Lane, Smallfield, Surrey, RH6 9RD.
The Company's functional and presentational currency is GBP and these financial statement have been rounded to the nearest £.

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 following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is recognised in respect of fees receivable for the provision of domiciliary care, to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2


ROWAN HOUSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2024

2.Accounting policies (continued)

2.5

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.

Employees

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

Debtors

					2024	2023
					£	£


Trade debtors	224,543	121,595
Amounts owed by group undertakings	385,312	268,166
Other debtors	616,517	619,451
Prepayments and accrued income	570	27,795
Tax recoverable	199,402	200,392
	1,426,344	1,237,399

Page 3


ROWAN HOUSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	17,058	-
Amounts owed to group undertakings	182,283	239,504
Corporation tax	334,253	301,771
Other creditors	2,750	2,750
Accruals and deferred income	21,688	9,738
	558,032	553,763

6.	Contingent liabilities

The Company has given Coutts & Co a composite guarantee in favour of the parent company Mitchells Holdings Limited and fellow subsidiary Mitchell's Care Homes Limited.
The bank loan to the parent company, Mitchells Holding Limited is secured partly by fixed and floating charges over all the assets of the Company.

7.	Parent and ultimate parent

The Company's parent company is Mitchells Holding Limited, a company incorporated in England and Wales. Mitchells Holding Limited draws up consolidated financial statements which can be obtained from its registered office which is 6th Floor 9 Appold Street, London, EC2A 2AP. There is no one controlling party of the parent company.

Page 4