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REGISTERED NUMBER: 02441694 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOWDEN GROUP LIMITED

SOWDEN GROUP LIMITED (REGISTERED NUMBER: 02441694)

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 GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







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





SECRETARY: Mrs N N Coley





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





REGISTERED NUMBER: 02441694 (England and Wales)

SOWDEN GROUP LIMITED (REGISTERED NUMBER: 02441694)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,861 -
Investments 5 105,502 105,502
Investment property 6 545,000 545,000
706,363 650,502

CURRENT ASSETS
Stocks 33,870 36,636
Debtors 7 7,882,504 5,912,552
Cash at bank and in hand 16,856,306 17,531,164
24,772,680 23,480,352
CREDITORS
Amounts falling due within one year 8 18,546,301 17,002,128
NET CURRENT ASSETS 6,226,379 6,478,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,932,742

7,128,726

CAPITAL AND RESERVES
Called up share capital 2,971 2,971
Capital redemption reserve 1,029 1,029
Retained earnings 6,928,742 7,124,726
6,932,742 7,128,726

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 GROUP LIMITED (REGISTERED NUMBER: 02441694)

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 26 March 2025 and were signed on its behalf by:





Mr R D Coley - Director


SOWDEN GROUP LIMITED (REGISTERED NUMBER: 02441694)

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


1. STATUTORY INFORMATION

Sowden Group 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 supplies goods and 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 provision of the services.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is carried at fair value determined annually by the director 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 GROUP LIMITED (REGISTERED NUMBER: 02441694)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 71,948 458 72,406
At 30 June 2024 71,948 458 72,406
DEPRECIATION
Charge for year 16,488 57 16,545
At 30 June 2024 16,488 57 16,545
NET BOOK VALUE
At 30 June 2024 55,460 401 55,861

SOWDEN GROUP LIMITED (REGISTERED NUMBER: 02441694)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 105,502
NET BOOK VALUE
At 30 June 2024 105,502
At 30 June 2023 105,502

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 545,000
NET BOOK VALUE
At 30 June 2024 545,000
At 30 June 2023 545,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,909 33,394
Amounts owed by group undertakings 7,506,438 5,826,230
Other debtors 246,157 52,928
7,882,504 5,912,552

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,033 10,724
Amounts owed to group undertakings 17,353,399 16,128,247
Taxation and social security 2,218 2,586
Other creditors 1,188,651 860,571
18,546,301 17,002,128

SOWDEN GROUP LIMITED (REGISTERED NUMBER: 02441694)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr R D Coley and Mrs N N Coley
Balance outstanding at start of year - -
Amounts advanced 581,701 -
Amounts repaid (379,222 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,479 -

Mrs D Beal
Balance outstanding at start of year - -
Amounts advanced 42,825 -
Amounts repaid (35,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,825 -

Interest was charged at a rate of 2.5% on overdrawn balances by the Company.

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.