Registration number:
Rowley IP Limited
for the Period from 16 August 2022 to 31 August 2023
Rowley IP Limited
(Registration number: 14298474)
Statement of Financial Position as at 31 August 2023
Note |
2023 |
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Fixed assets |
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Intangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
|
Profit and loss account |
(80,546) |
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Shareholders' deficit |
(80,446) |
For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
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Rowley IP Limited
Notes to the Unaudited Financial Statements for the Period from 16 August 2022 to 31 August 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Intellectual property |
10 Year Straight Line Method |
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
Trade creditors
Short term creditors are measured at the transaction price.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Rowley IP Limited
Notes to the Unaudited Financial Statements for the Period from 16 August 2022 to 31 August 2023
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 August 2023 |
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Amortisation |
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Amortisation charge |
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At 31 August 2023 |
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Carrying amount |
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At 31 August 2023 |
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Creditors |
Creditors: amounts falling due within one year
2023 |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
During the year the company took out a loan from its shareholder. The amount of the loan is £442,151 and disclosed as part of "Other creditors". The loan is repayable on demand and no interest is chargeable. The loan is secured by way of the intellectual property rights acquired with the aid of the loan.
Going concern |
The financial statements have been prepared on a going concern basis due to the continuing support of the shareholder.