ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED - Company Information

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ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Company Registration Number:
07857157 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Investments: 3 175,126 175,126
Total fixed assets: 175,126 175,126
Current assets
Debtors: 4 1,602,447 1,488,225
Cash at bank and in hand: 5,551 4,554
Total current assets: 1,607,998 1,492,779
Creditors: amounts falling due within one year: 5 (2,121,624) (2,181,660)
Net current assets (liabilities): (513,626) (688,881)
Total assets less current liabilities: (338,500) (513,755)
Total net assets (liabilities): (338,500) (513,755)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (338,600) (513,855)
Shareholders funds: (338,500) (513,755)

The notes form part of these financial statements

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 June 2022
and signed on behalf of the board by:

Name: Nick Jacobs
Status: Director

The notes form part of these financial statements

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales to external customers and to group and related parties at invoiced amounts less value added tax or local taxes on sales.In respect of long term contracts and contracts for on going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced.

Valuation and information policy

Investments in subsidiaries are measured at cost less accumulated impairment.

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Fixed investments

Investments in subsidiary companies 175,000Unlisted 126

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

Trade creditors 30,126 Other creditors 2,090,298 Accruals and deferred income 1,200

ROWAN STRATEGIC ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Related party transactions

Name of the related party: Nicholas Jacobs
Relationship:
Director
Description of the Transaction: Money loaned to the company by the director
£
Balance at 01 January 2021 2,030,298
Balance at 31 December 2021 2,090,298
Name of the related party: Rowan Asset Management Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: Money loaned to the company by the related party
£
Balance at 01 January 2021 109,559
Balance at 31 December 2021 152,534
Name of the related party: Rowan Management Company Services Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: Money loaned to the company by the related party
£
Balance at 01 January 2021 485,243
Balance at 31 December 2021 508,243
Name of the related party: HAB Rowan Holdings Ltd
Relationship:
Subsidiary
Description of the Transaction: Money lent to the related party
£
Balance at 01 January 2021 560,332
Balance at 31 December 2021 573,281
Name of the related party: Rowan Bruton Street Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: Money lent to the related party by the company
£
Balance at 01 January 2021 600
Balance at 31 December 2021 600