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REGISTERED NUMBER: SO303225 (Scotland)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bower Investments LLP

Bower Investments LLP (Registered number: SO303225)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bower Investments LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: G A Ball
Mrs M Ball



REGISTERED OFFICE: Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE



REGISTERED NUMBER: SO303225 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



SOLICITORS: Dickson Minto WS
16 Charlotte Square
Edinburgh
EH2 4DF

Bower Investments LLP (Registered number: SO303225)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 92,795 113,947

CURRENT ASSETS
Debtors 118,046 116,609
Cash at bank - 158,350
118,046 274,959
CREDITORS
Amounts falling due within one year 5 2,010 940
NET CURRENT ASSETS 116,036 274,019
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

208,831

387,966

LOANS AND OTHER DEBTS DUE TO
MEMBERS

208,831

387,966

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 208,831 387,966
Amounts due from members (118,046 ) (116,609 )
90,785 271,357

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Bower Investments LLP (Registered number: SO303225)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 September 2024 and were signed by:





G A Ball - Designated member

Bower Investments LLP (Registered number: SO303225)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bower Investments LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Fixed asset investments
Fixed asset investments are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year.

Taxation
The taxation payable on the partnership profits is the personal liability of the members during the year and consequently neither taxation nor related deferred taxation is accounted for in the financial statements. Amounts retained for tax are treated in the same way as other profits and are so included in "Loans and other debts due to members" or "Members' interests" depending on whether or not division of profit has occurred.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Loan to
participatin
LLP
£   
At 1 April 2023 113,947
New in year (21,152 )
At 31 March 2024 92,795

The LLP has a 25% interest in Merlin Finance LLP.

Bower Investments LLP (Registered number: SO303225)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,010 940