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REGISTERED NUMBER: 05788110 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

Bower Retirement Limited

Bower Retirement Limited (Registered number: 05788110)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Bower Retirement Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: G S Charles
M A Draffan





REGISTERED OFFICE: Ongar Business Centre
The Gables
Fyfield Road
Ongar
Essex
CM5 0GA





REGISTERED NUMBER: 05788110 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Bower Retirement Limited (Registered number: 05788110)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 12,175
Tangible assets 5 83,377 44,360
83,377 56,535

CURRENT ASSETS
Debtors 6 267,378 325,305
Cash at bank and in hand 335,835 70,496
603,213 395,801
CREDITORS
Amounts falling due within one year 7 204,806 135,635
NET CURRENT ASSETS 398,407 260,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,784

316,701

CREDITORS
Amounts falling due after more than one
year

8

(34,730

)

(12,492

)

PROVISIONS FOR LIABILITIES (9,932 ) -
NET ASSETS 437,122 304,209

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 437,023 304,110
437,122 304,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Bower Retirement Limited (Registered number: 05788110)

Balance Sheet - continued
31st March 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 11th June 2025 and were signed on its behalf by:





G S Charles - Director


Bower Retirement Limited (Registered number: 05788110)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Bower Retirement 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.

Revenue recognition
Revenue is measured at the fair value of the commission and fees receivable, excluding discounts and rebates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Government grants
Government grants are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 27 ) .

Bower Retirement Limited (Registered number: 05788110)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st April 2024 467,580
Disposals (467,580 )
At 31st March 2025 -
AMORTISATION
At 1st April 2024 455,405
Charge for year 12,175
Eliminated on disposal (467,580 )
At 31st March 2025 -
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 12,175

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2024 92,439
Additions 54,878
At 31st March 2025 147,317
DEPRECIATION
At 1st April 2024 48,079
Charge for year 15,861
At 31st March 2025 63,940
NET BOOK VALUE
At 31st March 2025 83,377
At 31st March 2024 44,360

Bower Retirement Limited (Registered number: 05788110)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£
COST
Additions 50,914
At 31st March 2025 50,914
DEPRECIATION
Charge for year 3,780
At 31st March 2025 3,780
NET BOOK VALUE
At 31st March 2025 47,134

6. DEBTORS
31.3.25 31.3.24
£ £
Amounts falling due within one year:
Trade debtors 59,646 32,307
Other debtors 36,959 128,319
96,605 160,626

Amounts falling due after more than one year:
Amounts owed by group undertakings 170,773 164,679

Aggregate amounts 267,378 325,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Bank loans and overdrafts 9,957 9,957
Finance leases (see note 9) 11,170 -
Trade creditors 86,386 84,455
Amounts owed to group undertakings - 100
Taxation and social security 58,323 17,162
Other creditors 38,970 23,961
204,806 135,635

Bower Retirement Limited (Registered number: 05788110)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£ £
Bank loans 2,280 12,492
Finance leases (see note 9) 32,450 -
34,730 12,492

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.3.25 31.3.24
£ £
Gross obligations repayable:
Within one year 14,263 -
Between one and five years 35,733 -
49,996 -

Finance charges repayable:
Within one year 3,093 -
Between one and five years 3,283 -
6,376 -

Net obligations repayable:
Within one year 11,170 -
Between one and five years 32,450 -
43,620 -

Non-cancellable
operating leases
31.3.25 31.3.24
£ £
Within one year 18,279 17,406

10. RELATED PARTY DISCLOSURES

During the year, the company continued to advance an interest-free loan to its parent company, Bower Group Limited. The balance due to the company by Bower Group Limited at the year-end amounted to
£170,773 (2024: £164,679). This amount is not repayable before 31st March 2026.

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Bower Group Limited, a company registered in England and Wales.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bower Retirement Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bower Retirement Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bower Retirement Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bower Retirement Limited and state those matters that we have agreed to state to the Board of Directors of Bower Retirement Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bower Retirement Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bower Retirement Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bower Retirement Limited. You consider that Bower Retirement Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bower Retirement Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


11th June 2025