REGISTERED NUMBER: 04792907 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rowden Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N A Money-Kyrle

SECRETARY:

Ms S J Morris

REGISTERED OFFICE:

North Wing

Rowden House

Rowden Hill

Chippenham

Wiltshire

SN15 2AG

REGISTERED NUMBER:

04792907 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,202,486

1,236,069

CURRENT ASSETS

Debtors

5

382,044

399,242

Cash at bank and in hand

478

1,033

382,522

400,275

CREDITORS

Amounts falling due within one year

6

577,555

591,233

NET CURRENT LIABILITIES

(195,033

)

(190,958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,453

1,045,111

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

997,453

1,035,111

SHAREHOLDERS' FUNDS

1,007,453

1,045,111

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 31 December 2025 and were signed by:

N A Money-Kyrle - Director

1.	STATUTORY INFORMATION

Rowden Financial Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

For the period ended 31 March 2025 the Company incurred a loss before tax of £28,658 (2024: £29,611). As at 31 March 2025 the Company had net assets of £1,007,453 (2024: £1,045,111).

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For long term finance the company relies on the loans provided by the director. In assessing going concern the director has assumed that these loans will not be repaid in the foreseeable future and therefore the director continues to adopt the going concern basis of accounting when preparing the annual financial statements.

Tangible fixed assets

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

Freehold property

-

2% on straight line basis

Improvements to property

-

2% on straight line basis

Fixtures and fittings

-

25% on straight line basis

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Repairs and maintenance costs are expensed as incurred.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders

Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

872,325

726,128

13,852

1,612,305

DEPRECIATION

At 1 April 2024

209,791

152,593

13,852

376,236

Charge for year

13,145

20,438

-

33,583

At 31 March 2025

222,936

173,031

13,852

409,819

NET BOOK VALUE

At 31 March 2025

649,389

553,097

-

1,202,486

At 31 March 2024

662,534

573,535

-

1,236,069

Included in cost or valuation of land and buildings is freehold land of £ 182,500 (2024 - £ 182,500 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

Valuation in 2023

-

(295,766

)

-

(295,766

)

Cost

872,325

1,021,894

13,852

1,908,071

872,325

726,128

13,852

1,612,305

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

200,058

218,012

Prepayments

5,040

4,284

205,098

222,296

Amounts falling due after more than one year:

Other debtors

176,946

176,946

Aggregate amounts

382,044

399,242

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,218

3,146

Other creditors

392,000

316,000

Directors' current accounts

173,337

268,337

Accruals and deferred income

4,000

3,750

577,555

591,233

7.	RELATED PARTY DISCLOSURES

During the year the company charged management charges of £4,096 (2024: £6,708) to Fynamore Asset Management Ltd (FAM), a company registered in England & Wales which is controlled by NA Money-Kyrle. During the year the company also paid management charges of £Nil (2024: 3,004) to FAM. A total balance of £196,520 (2024: £191,273) was due from FAM at the year end.

During the year the company charged management charges of £Nil (2024: £6,708) to London & Economic Properties Ltd (LEP), a company registered in England & Wales which is controlled by NA Money-Kyrle. A total balance of £177,480 (2024: £200,680) was due from LEP at the year end.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is N A Money-Kyrle.