H Rowley (Holdings) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 01073233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

H ROWLEY (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K M Rowley

J Rowley

SECRETARY:

Mrs K M Rowley

REGISTERED OFFICE:

One Eastwood Harry Weston Road

Binley Business Park

Coventry

West Midlands

CV3 2UB

REGISTERED NUMBER:

01073233 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

4

1,383,508

1,383,514

CURRENT ASSETS

Debtors

5

10,303

13,904

Investments

6

245,960

245,960

Cash at bank

142,030

176,645

398,293

436,509

CREDITORS

Amounts falling due within one year

7

31,590

27,574

NET CURRENT ASSETS

366,703

408,935

TOTAL ASSETS LESS CURRENT LIABILITIES

1,750,211

1,792,449

CAPITAL AND RESERVES

Called up share capital

103,000

103,000

Share premium

156,792

156,792

Other reserves

20,000

20,000

Retained earnings

1,470,419

1,512,657

SHAREHOLDERS' FUNDS

1,750,211

1,792,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2023 and were signed on its behalf by:

J Rowley - Director

1.	STATUTORY INFORMATION

H Rowley (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold investment properties - see note below

L/term leasehold investment property - see note below

Fixtures and fittings - 15% reducing balance

Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Finance Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

1,383,473

558

1,384,031

DEPRECIATION

At 1 April 2021

-

517

517

Charge for year

-

6

6

At 31 March 2022

-

523

523

NET BOOK VALUE

At 31 March 2022

1,383,473

35

1,383,508

At 31 March 2021

1,383,473

41

1,383,514

The investment properties of £1,383,473 (2021: £1,383,473) were valued by the directors on an open market value for existing use basis as at 31 March 2022.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,160

5,356

Other debtors

9,143

8,548

10,303

13,904

6.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Listed investments

245,960

245,960

The market value of the listed investments at 31 March 2022 was £106,448 (2021: £103,798).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,496

-

Taxation and social security

19,870

17,175

Other creditors

10,224

10,399

31,590

27,574

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Rowley.