Rowan House Penarth Freehold Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 10301581

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,445		48,445

			48,445		48,445
CURRENT ASSETS
Cash at bank and in hand		6,144		9,491

		6,144		9,491
Creditors: Amounts Falling Due Within One Year		(55,865 )		(10,760 )

NET CURRENT ASSETS (LIABILITIES)			(49,721 )		(1,269 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,276 )		47,176

Creditors: Amounts Falling Due After More Than One Year			-		(48,445 )

NET LIABILITIES			(1,276 )		(1,269 )

CAPITAL AND RESERVES
Called up share capital	5		5		5
Profit and Loss Account			(1,281 )		(1,274 )

SHAREHOLDERS' FUNDS			(1,276)		(1,269)

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Rowan House Penarth Freehold Ltd

Abridged Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Adam Laurence

Director

29/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Rowan House Penarth Freehold Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10301581 . The registered office is 10 Y Sgwar Heol Yr Orsaf, Dinas Powys, Cymru / Wales, CF64 4YR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the contributions of the lease holders and from the rendering of services. Turnover is reduced for rebates and other similar allowances.

Contributions

Turnover from the contributions of leaseholders is recognised when the significant risks and rewards of ownership of the servces has transferred to them. This is usually at the point that the commom works have been completed. Howvever, the charges are mandatory upon occupation.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The amount represents the Freehold of the property purchased by the founding five shareholder directors. However, the amounts are nominal relating to the orginal set up of the Manangement Company. Over time the amounts will be extinguished on changes of ownership. Depreciation would normally be provided at rates calculated to write off the cost of any other fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20
Motor Vehicles	20

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Rowan House Penarth Freehold Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 August 2024	48,445

As at 31 July 2025	48,445

Net Book Value
As at 31 July 2025	48,445

As at 1 August 2024	48,445

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

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