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REGISTERED NUMBER: 00489612 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOWDEN & CO LIMITED

SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOWDEN & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs D Beal
Mr R D Coley
Mrs N N Coley





SECRETARY: Mrs N N Coley





REGISTERED OFFICE: Blaby Hall
1 Church Street
Blaby
Leicester
LE8 4FA





REGISTERED NUMBER: 00489612 (England and Wales)

SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,413 499,465
Investments 5 71,455 71,455
Investment property 6 3,950,000 3,950,000
4,404,868 4,520,920

CURRENT ASSETS
Debtors 7 1,215,823 1,296,512
Cash at bank and in hand 586,138 84,471
1,801,961 1,380,983
CREDITORS
Amounts falling due within one year 8 5,000,841 4,730,533
NET CURRENT LIABILITIES (3,198,880 ) (3,349,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,988

1,171,370

PROVISIONS FOR LIABILITIES 532,046 572,581
NET ASSETS 673,942 598,789

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Revaluation reserve 9 2,181,363 2,181,363
Capital redemption reserve 2,313 2,313
Retained earnings (1,513,734 ) (1,588,887 )
673,942 598,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

BALANCE SHEET - continued
30 JUNE 2024


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 21 March 2025 and were signed on its behalf by:





Mr R D Coley - Director


SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Sowden & Co 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred, and this is defined to be on the completion of a service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

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.


SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 911,914 82,407 115,016 17,703 1,127,040
Disposals (35,315 ) - (33,486 ) (5,994 ) (74,795 )
At 30 June 2024 876,599 82,407 81,530 11,709 1,052,245
DEPRECIATION
At 1 July 2023 485,165 77,549 58,665 6,196 627,575
Charge for year 62,001 728 8,332 1,407 72,468
Eliminated on disposal (16,880 ) - (10,464 ) (3,867 ) (31,211 )
At 30 June 2024 530,286 78,277 56,533 3,736 668,832
NET BOOK VALUE
At 30 June 2024 346,313 4,130 24,997 7,973 383,413
At 30 June 2023 426,749 4,858 56,351 11,507 499,465

SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 71,455
NET BOOK VALUE
At 30 June 2024 71,455
At 30 June 2023 71,455

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 3,950,000
NET BOOK VALUE
At 30 June 2024 3,950,000
At 30 June 2023 3,950,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,013,833 683,009
Amounts owed by group undertakings 34,936 34,935
Other debtors 167,054 578,568
1,215,823 1,296,512

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 3,778
Trade creditors 18,415 44,288
Amounts owed to group undertakings 4,940,865 4,651,759
Taxation and social security 35,061 23,874
Other creditors 6,500 6,834
5,000,841 4,730,533

SOWDEN & CO LIMITED (REGISTERED NUMBER: 00489612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 2,181,363

10. RELATED PARTY DISCLOSURES

In accordance with FRS 102 35.1AC the Company is exempt from the requirements to disclose transactions with other wholly owned members of the group.

11. CONTROLLING PARTY

The ultimate parent undertaking of the company is Sowden Group Limited, The registered office and principle place of business of Sowden Group Limited is Blaby Hall, 1 Church Street, Blaby, Leicester, LE8 4FA.

The Company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.