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Registered number: 02126248 ROWLEY HILL INVESTMENTS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ROWLEY HILL INVESTMENTS LIMITED COMPANY INFORMATION
Directors | A H Turnbull
| W B Turnbull
Company secretary | A H Turnbull
Registered number | 02126248
Registered office | Rowley Hill Farm
| Little Walden
| Saffron Walden
| Essex
| CB10 1UZ
Accountants | Lakin Rose Limited
| Chartered Accountants
| Cambridge House
| Camboro Business Park
| Girton
| Cambridge
| CB3 0QH
ROWLEY HILL INVESTMENTS LIMITED CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 10
ROWLEY HILL INVESTMENTS LIMITED REGISTERED NUMBER: 02126248 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 306
Investments | 5 |  | 13,400 |  | 13,400
Investment property | 6 |  | 3,286,520 |  | 3,252,120
|  |  | 3,299,920 |  | 3,265,826
Current assets |  |  |  |  |
Stocks |  | 183,770 |  | - |
Debtors: amounts falling due within one year | 7 | 9,808 |  | 54,804 |
Cash at bank and in hand |  | 453,539 |  | 107,960 |
|  | 647,117 |  | 162,764 |
Creditors: amounts falling due within one year | 8 | (463,715) |  | (519,587) |
Net current assets/(liabilities) |  |  | 183,402 |  | (356,823)
Total assets less current liabilities |  |  | 3,483,322 |  | 2,909,003
Creditors: amounts falling due after more than one year | 9 |  | (2,001,504) |  | (1,420,622)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (364,458) |  | (355,857) |
|  |  | (364,458) |  | (355,857)
Net assets |  |  | 1,117,360 |  | 1,132,524
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 240 |  | 240
Share premium account |  |  | 99,960 |  | 99,960
Investment property reserve |  |  | 1,127,167 |  | 1,101,366
Profit and loss account |  |  | (110,007) |  | (69,042)
|  |  | 1,117,360 |  | 1,132,524
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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. Page 1
ROWLEY HILL INVESTMENTS LIMITED REGISTERED NUMBER: 02126248 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2026.
A H Turnbull
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Rowley Hill Investments Limited is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Rowley Hill Farm, Little Walden, Saffron Walden, Essex, CB10 1UZ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 20% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.8 | Valuation of investments
Other fixed asset investments, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.9 | Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and net realisable value. Cost represents the purchase price of land and properties for development plus all direct development expenditure and attributable overheads. Net realisable value is based on the estimated selling price less disposal costs. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its net realisable value. Impairment losses are recognised immediately through profit or loss.
3. | Employees
The company has no employees other than the directors, who received benefits in kind of £7,050 (2024 - £7,788). The average monthly number of employees, during the year was 0 (2024 - 0). Page 5
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Plant & machinery | Motor vehicles | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 7,556 | 7,540 | 15,096
| Disposals | (5,705) | - | (5,705)
| At 31 March 2025 | 1,851 | 7,540 | 9,391
| Depreciation |  |  |
| At 1 April 2024 | 7,437 | 7,353 | 14,790
| Charge for the year on owned assets | 119 | 187 | 306
| Disposals | (5,705) | - | (5,705)
| At 31 March 2025 | 1,851 | 7,540 | 9,391
| Net book value |  |  |
| At 31 March 2025 | - | - | -
| At 31 March 2024 | 119 | 187 | 306
5. | Fixed asset investments
|  | Other fixed asset investments
|  | £
| Cost or valuation |
| At 1 April 2024 | 13,400
| At 31 March 2025 | 13,400
Page 6
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 3,252,120
| Surplus on revaluation | 34,400
| At 31 March 2025 | 3,286,520
The 2025 valuations were made by Mullucks, an independent third party. The valuation was prepared by staff with relevant professional qualifications, on an open market value for existing use basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 3,191
| Other debtors | 8,675 | 51,613
| Prepayments and accrued income | 1,133 | -
|  | 9,808 | 54,804
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 4,584 | 26,333
| Trade creditors | 25,669 | 7,348
| Corporation tax | - | 2,620
| Other taxation and social security | - | 10,123
| Other creditors | 400,304 | 447,741
| Accruals and deferred income | 33,158 | 25,422
|  | 463,715 | 519,587
Page 7
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 2,001,504 | 1,420,622
|  | 2,001,504 | 1,420,622
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,999,951 | 1,436,346
|  | 1,999,951 | 1,436,346
| Details of security provided:
The loans are secured against the company's freehold properties.
| The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Repayable by instalments | - | 209,314
| Repayable other than by instalments | 1,999,951 | 1,098,593
|  | 1,999,951 | 1,307,907
Page 8
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 4,584 | 26,333
| Amounts falling due 1-2 years |  |
| Bank loans | 1,554 | 28,825
| Amounts falling due 2-5 years |  |
| Bank loans | - | 83,889
| Amounts falling due after more than 5 years |  |
| Bank loans | 1,999,951 | 1,307,907
|  | 2,006,089 | 1,446,954
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 355,857
| Charged to profit or loss | 8,599
| At end of year | 364,456
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deferred tax on investment property gains | 364,456 | 355,857
|  | 364,456 | 355,857
Page 9
ROWLEY HILL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Related party transactions
| Included within other creditors due within one year is a loan from a director, amounting to £400,304 (2024 - £447,741). The loans are interest free and repayable on demand. Included within other debtors due within one year is a loan to W Hart & Son (Saffron Walden) Limited, amounting to £5,475 (2024 - £24,410). A bad debt provision has been made in respect of the full amount of these loans. The loan is interest free and repayable on demand.
Page 10