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REGISTERED NUMBER: 11820051 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

TOWER 1 LIMITED

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWER 1 LIMITED

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Kidar Joshi
Mehrdad Solimanifar





REGISTERED OFFICE: Rosehill House
Rosehill
Worcester
Worcestershire
WR5 1EY





REGISTERED NUMBER: 11820051 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,440 40,080
Investment property 5 2,522,041 -
2,554,481 40,080

CURRENT ASSETS
Debtors 6 164,533 597,126
Cash at bank and in hand 559,958 2,149
724,491 599,275
CREDITORS
Amounts falling due within one year 7 341,080 36,083
NET CURRENT ASSETS 383,411 563,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,937,892

603,272

CREDITORS
Amounts falling due after more than one year 8 (1,694,958 ) (24,221 )

PROVISIONS FOR LIABILITIES (195,990 ) (8,931 )
NET ASSETS 1,046,944 570,120

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,046,844 570,020
SHAREHOLDERS' FUNDS 1,046,944 570,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Balance Sheet - continued
28 February 2025


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 19 May 2025 and were signed on its behalf by:





Mehrdad Solimanifar - Director


TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Tower 1 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 55,505
Additions 1,916
At 28 February 2025 57,421
DEPRECIATION
At 1 March 2024 15,425
Charge for year 9,556
At 28 February 2025 24,981
NET BOOK VALUE
At 28 February 2025 32,440
At 29 February 2024 40,080

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,694,449
Revaluations 827,592
At 28 February 2025 2,522,041
NET BOOK VALUE
At 28 February 2025 2,522,041

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 827,592
Cost 1,694,449
2,522,041

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 43,336 137,739
Other debtors 102,541 456,537
VAT 17,156 2,850
Prepayments 1,500 -
164,533 597,126

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,474 9,999
Hire purchase contracts 11,592 10,808
Trade creditors 7,711 840
Tax - 6,786
Other creditors 136,399 3,400
Directors' current accounts 162,106 -
Accrued expenses 10,798 4,250
341,080 36,083

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years - 9,999
Bank loans - 2-5 years - 2,503
Bank loans more 5 yr by instal 1,694,958 -
Hire purchase contracts - 11,719
1,694,958 24,221

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,694,958 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 1,694,958 -

The loan amounts are secured by fixed and floating charge over all the property or undertaking of the business.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
51 A Ordinary £1 51 51
49 B Ordinary £1 49 49
100 100

TOWER 1 LIMITED (REGISTERED NUMBER: 11820051)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

11. RESERVES
Retained
earnings
£   

At 1 March 2024 570,020
Profit for the year 556,824
Dividends (80,000 )
At 28 February 2025 1,046,844