Registration number: 05138714

Rowe Properties Homes Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Rowe Properties Homes Limited

Company Information

Directors

Mrs S M Rowe Mr D H Langley Mr A G E Rowe CBE

Registered office

Ground Floor Suite 3 Matford Business Centre Matford Exeter Devon EX2 8ED

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Rowe Properties Homes Limited

(Registration number: 05138714)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	-	421
Creditors: Amounts falling due within one year	5	(1,140)	(1,140)
Net liabilities		(1,140)	(719)
Capital and reserves
Called up share capital		2	2
Retained earnings		(1,142)	(721)
Shareholders' deficit		(1,140)	(719)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

......................................... Mr A G E Rowe CBE Director

Rowe Properties Homes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
Suite 3 Matford Business Centre
Matford
Exeter
Devon
EX2 8ED

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have acknowledged the negative reserves at the balance sheet date. The principal creditors are intercompany balances with companies under common control. Therefore the financial statements have been prepared on a going concern basis.

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with with FRS102, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Rowe Properties Homes Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Debtors

	Note	2024 £	2023 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		-	421
Total current trade and other debtors		-	421

5

Creditors

	2024 £	2023 £
Due within one year
Accrued expenses	1,140	1,140

6	Parent and ultimate parent undertaking

The company's immediate parent is Exeter Estates Holdings Limited, incorporated in England and Wales.

 The ultimate parent is Rowe Group Holdings Limited, incorporated in England and Wales.