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BOWHOLM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025






BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BOWHOLM HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTORS: J H Muir
Mrs M B Muir



SECRETARY: J H Muir



REGISTERED OFFICE: C/o JRW Hogg & Thorburn LLP
19 Buccleuch Street
Hawick
TD9 0HL



REGISTERED NUMBER: SC127645 (Scotland)



ACCOUNTANTS: JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL



BANKERS: Bank of Scotland
High Street
Langholm
DG13 0JH



SOLICITORS: Anderson Strathern LLP, W.S.
1 Rutland Court
Edinburgh
EH3 8EY

BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)

BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,033 100,117
Investments 5 470,931 431,291
570,964 531,408

CURRENT ASSETS
Debtors 6 30 -
Cash at bank 21,254 59,087
21,284 59,087
CREDITORS
Amounts falling due within one year 7 1,200 1,200
NET CURRENT ASSETS 20,084 57,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,048

589,295

PROVISIONS FOR LIABILITIES 41,000 27,000
NET ASSETS 550,048 562,295

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 542,048 554,295
SHAREHOLDERS' FUNDS 550,048 562,295

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

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

BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)

BALANCE SHEET - continued
28TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd July 2025 and were signed on its behalf by:





J H Muir - Director


BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. STATUTORY INFORMATION

Bowholm Holdings Limited is a private company, limited by shares , registered in Scotland. 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
The Company rents out residential property. Revenue is recognised in the accounting period to which the rent relates.

Revenue is measured at the fair value of the transaction excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Investment property is held at cost unless the Directors consider that there has been a material permanent diminution in its value. Depreciation is not provided.

Other tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition. Provision for depreciation is made so as to write off the costs less estimated residual value over the expected useful economic lives of the assets concerned. The principal annual rate used for this purpose is:-

Plant & equipment - 25% straight line
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% straight line
Computer Equipment - 25% reducing balance

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Investments
Investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is transferred to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Investment and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st March 2024
and 28th February 2025 99,817 28,166 895 128,878
DEPRECIATION
At 1st March 2024 - 27,916 845 28,761
Charge for year - 71 13 84
At 28th February 2025 - 27,987 858 28,845
NET BOOK VALUE
At 28th February 2025 99,817 179 37 100,033
At 29th February 2024 99,817 250 50 100,117

BOWHOLM HOLDINGS LIMITED (REGISTERED NUMBER: SC127645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st March 2024 431,291
Disposals (15,000 )
Revaluations 54,640
At 28th February 2025 470,931
NET BOOK VALUE
At 28th February 2025 470,931
At 29th February 2024 431,291

Cost or valuation at 28th February 2025 is represented by:

Other
investments
£   
Valuation in 2025 470,931

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 30 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 1,200 1,200

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BOWHOLM HOLDINGS 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 Bowholm Holdings Limited for the year ended 28th February 2025 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Bowholm Holdings 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 Bowholm Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Bowholm Holdings Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bowholm Holdings 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 Bowholm Holdings Limited. You consider that Bowholm Holdings 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 Bowholm Holdings 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.






JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


22nd July 2025