REGISTERED NUMBER: SC194146 (Scotland)

Rowanbank Financial Consultants Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Ballingall

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Lothian

EH3 6AT

REGISTERED NUMBER:

SC194146 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Tangible assets

4

14,739

21,119

CURRENT ASSETS

Stocks

51,600

34,200

Debtors

5

51,286

59,364

Cash at bank

20,388

21,598

123,274

115,162

CREDITORS

Amounts falling due within one year

6

112,574

85,265

NET CURRENT ASSETS

10,700

29,897

TOTAL ASSETS LESS CURRENT LIABILITIES

25,439

51,016

CREDITORS

Amounts falling due after more than one year

7

39,167

49,167

NET (LIABILITIES)/ASSETS

(13,728

)

1,849

CAPITAL AND RESERVES

Called up share capital

5,000

300

Retained earnings

(18,728

)

1,549

(13,728

)

1,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 December 2025 and were signed by:

Mr D Ballingall - Director

1.	STATUTORY INFORMATION

Rowanbank Financial Consultants Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for services provided in the normal course of business, net of trade discounts and other sales related taxes. The company's policy is to recognise a sale when the company obtains the right to consideration. This company does not require to be registered for VAT.

Commissions payable

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, primarily in respect of commissions payable representing fifty percent of commissions receivable, this being in accordance with the commission structure of the advisors.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

Land and buildings are valued at cost.

The Directors have reviewed the asset lives and associated residual values of all fixed asset classes, and in particular the useful economic lives and residual values, and have concluded that asset lives and residual values are appropriate.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

The company has financial assets and financial liabilities only of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Leasing commitments

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

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. In order to do so, the company will require the ongoing support of its lenders, creditors and director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

69,076

Additions

2,186

Disposals

(10,823

)

At 31 March 2025

60,439

DEPRECIATION

At 1 April 2024

47,957

Charge for year

3,507

Eliminated on disposal

(5,764

)

At 31 March 2025

45,700

NET BOOK VALUE

At 31 March 2025

14,739

At 31 March 2024

21,119

There are no impairment indicators in the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,377

7,033

Other debtors

49,909

52,331

51,286

59,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

3,669

8,327

Amounts owed to group undertakings

12,864

19,894

Taxation and social security

277

729

Other creditors

85,764

46,315

112,574

85,265

Included within other creditors is a loan from the director. This loan is unsecured, interest-free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,167

14,167

Other creditors

35,000

35,000

39,167

49,167

8.	RELATED PARTY DISCLOSURES

During the year the company paid commission to the director in their capacity as Financial Advisors. These were paid in accordance with commission rates paid to other Financial Advisors, involving deduction of expenses reimbursed to the company, a percentage share to the company and salaries paid to the advisors. The amount paid during the year which is included in the Director's emoluments above were Mr D. Ballingall £25,713 (2024 - £20,476).

9.	ULTIMATE CONTROLLING PARTY

RBK Group Limited is the company's ultimate controlling party.