Company Registration No. 10644668 (England)
Rowe Properties Ltd
Unaudited Financial Accounts
for the year ended 31 March 2025
Rowe Properties Ltd
Unaudited Financial Accounts
Contents
Rowe Properties Ltd
Company Information
for the year ended 31 March 2025
Directors
Daniel J Rowe
Samatha Rowe
Company Number
10644668 (England)
Registered Office
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
United Kingdom
Accountants
CDM Accountants Limited
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
Rowe Properties Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
6,267
5,928
Investment property
195,041
195,041
Cash at bank and in hand
6,551
5,517
Creditors: amounts falling due within one year
(25,501)
(31,419)
Net current liabilities
(18,950)
(20,782)
Total assets less current liabilities
182,358
180,187
Creditors: amounts falling due after more than one year
(113,857)
(113,863)
Provisions for liabilities
Deferred tax
(13,540)
(13,476)
Called up share capital
100
100
Fair value reserve
52,650
52,650
Profit and loss account
2,211
98
Shareholders' funds
54,961
52,848
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Daniel J Rowe
Director
Company Registration No. 10644668
Rowe Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rowe Properties Ltd is a private company, limited by shares, registered in England, registration number 10644668. The registered office is 28 Tytton Lane East, Wyberton, Boston, Lincolnshire, PE21 7HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rowe Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,283
6,750
949
8,982
Additions
1,597
-
750
2,347
At 31 March 2025
2,880
6,750
1,699
11,329
At 1 April 2024
418
1,687
949
3,054
Charge for the year
493
1,266
249
2,008
At 31 March 2025
911
2,953
1,198
5,062
At 31 March 2025
1,969
3,797
501
6,267
At 31 March 2024
865
5,063
-
5,928
Fair value at 1 April 2024
195,041
As at the 31 March 2023, the directors deem the fair value of the property to be £190,000 as per the valuation the lenders have used for the mortgage value.
Amounts falling due within one year
Accrued income and prepayments
-
440
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,750
7,750
Taxes and social security
3,495
5,558
Loans from directors
12,567
15,543
Bank loans totalling £7,750 (2024 - £7,750) are secured via a fixed charge and a negative pledge on the investment property.
Rowe Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
113,857
113,863
Bank loans totalling £113,857 (2024 - £113,863) are secured via a fixed charge and negative pledge on the investment property.
Bank loans include aggregate amounts of £90,607 (2024 - £90,613) which fall due after five years and which are payable by instalments.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).