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REGISTERED NUMBER: 15321152 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025

FOR

OVERTOWAN LIMITED

OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OVERTOWAN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025







DIRECTORS: A J M Cripwell
Mrs M J G Cripwell





REGISTERED OFFICE: Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG





REGISTERED NUMBER: 15321152 (England and Wales)





ACCOUNTANTS: Blackthorns
Chartered Accountants
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG

OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

BALANCE SHEET
31 MARCH 2025

Notes £    £   
FIXED ASSETS
Investments 4 2,042,434
Investment property 5 1,000,000
3,042,434

CURRENT ASSETS
Cash at bank 219,117

CREDITORS
Amounts falling due within one year 6 1,641,985
NET CURRENT LIABILITIES (1,422,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,566

CREDITORS
Amounts falling due after more than one
year

7

645,968
NET ASSETS 973,598

CAPITAL AND RESERVES
Called up share capital 51
Retained earnings 973,547
SHAREHOLDERS' FUNDS 973,598

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

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

OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

BALANCE SHEET - continued
31 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 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 28 August 2025 and were signed on its behalf by:





A J M Cripwell - Director


OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


1. STATUTORY INFORMATION

Overtowan Limited is a private company, limited by shares, registered in England and Wales, registered number 15321152. Its registered office is Admiral HOuse, Waterfront East, Brierley Hill, West Midlands, DY5 1XB.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

Financial instruments
Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest.

Taxation
Taxation for the period 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 period 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.

OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,042,434
At 31 March 2025 2,042,434
NET BOOK VALUE
At 31 March 2025 2,042,434

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,000,000
At 31 March 2025 1,000,000
NET BOOK VALUE
At 31 March 2025 1,000,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 138,521
Amounts owed to group undertakings 1,276,695
Taxation and social security 25,000
Other creditors 201,769
1,641,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 645,968

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 104,587

OVERTOWAN LIMITED (REGISTERED NUMBER: 15321152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 784,489

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £1,210,000 were paid to the directors .