REGISTERED NUMBER: 00338383 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Rowland and Rowland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Rowland

SECRETARY:

Mrs J A G Rowland

REGISTERED OFFICE:

7 Pelham Gardens

Folkestone

Kent

CT20 2LF

REGISTERED NUMBER:

00338383 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Intangible assets

4

208,167

-

Tangible assets

5

3,167,222

2,291,798

Investments

6

-

7,414

3,375,389

2,299,212

CURRENT ASSETS

Stocks

47,500

43,500

Debtors

7

7,000

111,117

Prepayments and accrued income

15,298

29,698

Cash at bank and in hand

2,117,227

1,629,440

2,187,025

1,813,755

CREDITORS

Amounts falling due within one year

8

349,804

351,357

NET CURRENT ASSETS

1,837,221

1,462,398

TOTAL ASSETS LESS CURRENT LIABILITIES

5,212,610

3,761,610

CREDITORS

Amounts falling due after more than one year

9

1,146,170

41,906

NET ASSETS

4,066,440

3,719,704

CAPITAL AND RESERVES

Called up share capital

3,932

3,932

Capital redemption reserve

4,132

4,132

Retained earnings

4,058,376

3,711,640

SHAREHOLDERS' FUNDS

4,066,440

3,719,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director and authorised for issue on 26 September 2025 and were signed by:

K Rowland - Director

1.	STATUTORY INFORMATION

Rowland and Rowland 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

211,695

At 31 December 2024

211,695

AMORTISATION

Charge for year

3,528

At 31 December 2024

3,528

NET BOOK VALUE

At 31 December 2024

208,167

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,802,415

1,500,911

3,303,326

Additions

883,648

283,369

1,167,017

Disposals

-

(29,971

)

(29,971

)

At 31 December 2024

2,686,063

1,754,309

4,440,372

DEPRECIATION

At 1 January 2024

-

1,011,528

1,011,528

Charge for year

-

281,807

281,807

Eliminated on disposal

-

(20,185

)

(20,185

)

At 31 December 2024

-

1,273,150

1,273,150

NET BOOK VALUE

At 31 December 2024

2,686,063

481,159

3,167,222

At 31 December 2023

1,802,415

489,383

2,291,798

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

7,414

Disposals

(7,414

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

7,414

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

7,000

-

Other debtors

-

1,117

7,000

1,117

Amounts falling due after more than one year:

Other debtors

-

110,000

Aggregate amounts

7,000

111,117

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

27,100

62,354

Trade creditors

7,734

1

Taxation and social security

260,848

229,965

Other creditors

54,122

59,037

349,804

351,357

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

41,906

Other creditors

1,146,170

-

1,146,170

41,906

10.	RELATED PARTY DISCLOSURES

Other debtors included £nil by Bear Cubs Partnership LLP (2023: £110,000), which is controlled by the directors son and daughter in law, the loan is interest free and is repayable on demand.

In October 2024, the company purchased the trade and assets of a business owned by the wife of the director, the purchase was at open market value, at the balance sheet date, the amount owed to Mrs Julia Godden was £1,146,170.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K Rowland by virtue of ownership of 100% of the share capital.