Company No: 03246171 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	4	8,275,625		8,245,000
		8,275,625		8,245,000
Current assets
Debtors	5	1,240,222		906,118
Cash at bank and in hand		148,118		177,683
		1,388,340		1,083,801
Creditors: amounts falling due within one year	6	( 898,565)		( 403,179)
Net current assets		489,775		680,622
Total assets less current liabilities		8,765,400		8,925,622
Creditors: amounts falling due after more than one year	7	( 805,000)		( 855,000)
Provision for liabilities		( 351,410)		( 351,410)
Net assets		7,608,990		7,719,212
Capital and reserves
Called-up share capital		4,100		4,100
Undistributable reserve		3,026,645		3,026,645
Profit and loss account		4,578,245		4,688,467
Total shareholders' funds		7,608,990		7,719,212

For the financial year ending 30 June 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rowcliffe Holdings Limited (registered number: 03246171) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

T Rowcliffe Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rowcliffe Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rent received or receivable for the letting of an investment property for the period during which the tenant occupies the property. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value through the profit or loss and then presented under undistributable reserves. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 July 2024	6,051		6,051
At 30 June 2025	6,051		6,051
Accumulated depreciation
At 01 July 2024	6,051		6,051
At 30 June 2025	6,051		6,051
Net book value
At 30 June 2025	0		0
At 30 June 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 July 2024	8,245,000
Additions	30,625
As at 30 June 2025	8,275,625

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £8,275,625 (2024 - £8,245,000).

5. Debtors

	2025		2024
	£		£
Trade debtors	71,650		20,100
Other debtors	1,168,572		886,018
	1,240,222		906,118

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	650,000		0
Trade creditors	5,420		39,678
Taxation and social security	77,864		257,940
Other creditors	165,281		105,561
	898,565		403,179

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	600,000		650,000
Other creditors	205,000		205,000
	805,000		855,000

Current and non-current bank loans totalling £1,250,000 are secured by way of fixed and floating charges over investment property.

Within other creditors, there are 205,000 preference shares of £1 each allotted, called up and fully paid. These are included in creditors due over one year in accordance with accounting standards.

The preference shares have a right to a fixed preferential dividend per annum on the capital to the extent that there are profits available for distribution in each year in respect of the 12 months prior to the date on which the dividend is paid. On the winding up of the company the holders of these shares are entitled, in priority over other shares, to the amounts paid up on those shares and any arrears of dividends.

8. Related party transactions

Transactions with the entity's directors

The directors' loan accounts are repayable on demand, and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 July 2024, the balance owed from T Rowcliffe was £200,583. During the year, the company made advances to T Rowcliffe amounting to £232,097 and received repayments of £212,631 leaving a balance due of £220,049.
At 1 July 2023, the balance owed from T Rowcliffe was £146,736. During the year, the company made advances to T Rowcliffe amounting to £216,194 and received repayments of £162,347 leaving a balance due of £200,583.

At 1 July 2024, the balance owed from N Rowcliffe was £918. During the year, the company made advances to N Rowcliffe amounting to £7,964 and received repayments of £4,918 leaving a balance due of £3,964.
At 1 July 2023, the balance owed from N Rowcliffe was £874. During the year, the company made advances to N Rowcliffe amounting to £918 and received repayments of £874 leaving a balance due of £918.

At 1 July 2024, the balance owed from N Rattray was £501,802. During the year, the company made advances to N Rattray amounting to £1,187 and received repayments of £1,802 leaving a balance due of £501,187.
At 1 July 2023, the balance owed from N Nattray was £Nil. During the year, the company made advances to N Rattray amounting to £501,802 and received repayments of £Nil leaving a balance due of £501,802.

At 1 July 2024, the balance owed from L Darby was £1,802. During the year, the company made advances to L Darby amounting to £21,187 and received repayments of £21,802 leaving a balance due of £1,187.
At 1 July 2023, the balance owed from L Darby was £Nil. During the year, the company made advances to L Darby amounting to £1,802 and received repayments of £Nil leaving a balance due of £1,802.