BOWHOUSE GROUP LIMITED


Directors	Ian Fleming
	Mark Kinnell


Registered Address	Unit 4, Lochgelly Business Park
	Auchterderran Road
	Lochgelly
	KY5 9HF


Registered Number	SC621027 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,608,305		198,247
Investments	4		167,246		167,246
			1,775,551		365,493
Current assets
Debtors	5	56,524		58,972
Cash at bank and on hand		198		7,110
		56,722		66,082
Creditors amounts falling due within one year	6	(131,165)		(14,610)
Net current assets (liabilities)			(74,443)		51,472
Total assets less current liabilities			1,701,108		416,965
Creditors amounts falling due after one year	7		(1,271,174)		(415,767)
Provisions for liabilities			(12,924)		-
Net assets			417,010		1,198
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			416,010		198
Shareholders' funds			417,010		1,198

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 September 2025, and are signed on its behalf by:

Ian Fleming
Director

Mark Kinnell
Director

Registered Company No. SC621027

BOWHOUSE GROUP LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors who have confirmed that they will continue to support the company as required.

	Turnover policy
	Income represents rents receivable in the year.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation. No depreciation is currently being charged.

	Investments
	Investments in subsidiary undertakings are recognised at cost.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 24	198,247	198,247
Additions	1,410,058	1,410,058
At 31 December 24	1,608,305	1,608,305
Net book value
At 31 December 24	1,608,305	1,608,305
At 31 December 23	198,247	198,247

4.	Fixed asset investments
	The company owns 100% of the issues share capital of Owen Buchanan Builders Limited which is incorporated in Scotland.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 24	167,246	167,246
At 31 December 24	167,246	167,246
Net book value
At 31 December 24	167,246	167,246
At 31 December 23	167,246	167,246

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,040	4,240
Other debtors	55,201	54,732
Prepayments and accrued income	283	-
Total	56,524	58,972

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	89,121	-
Taxation and social security	-	3,363
Other creditors	30,051	6,148
Accrued liabilities and deferred income	11,993	5,099
Total	131,165	14,610

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	874,779	-
Other creditors	396,395	415,767
Total	1,271,174	415,767


	Atom Bank plc hold a floating charge, fixed charge and security over the land and buildings.