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COMPANY REGISTRATION NUMBER: 06021165

BOWER PROPERTY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

BOWER PROPERTY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents | Page

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

BOWER PROPERTY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | A D Bower
| R Bower

Company secretary | M J Sheehan

Registered office | 273 Larne Road
| Lincoln
| England
| LN5 9UA

Accountants | STREETS LLP
| Chartered Accountants
| Tower House
| Lucy Tower Street
| Lincoln
| Lincolnshire
| LN1 1XW

BOWER PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 5 |  | 289,811 | 289,811

Current assets

Debtors | 6 | 1,736 |  | 1,762
Cash at bank and in hand | 40 |  | 2,000
| ------- |  | -------
| 1,776 |  | 3,762

Creditors: amounts falling due within one year | 7 | 92,627 |  | 77,846
| --------- |  | ---------
Net current liabilities |  | 90,851 | 74,084
|  | ---------- | ----------
Total assets less current liabilities |  | 198,960 | 215,727

Creditors: amounts falling due after more than one year | 8 |  | 144,229 | 161,289

Provisions

Taxation including deferred tax |  | 9,690 | 9,690
|  | ---------- | ----------
Net assets |  | 45,041 | 44,748
|  | ---------- | ----------

BOWER PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | 45,039 | 44,746
|  | --------- | ---------
Shareholders funds |  | 45,041 | 44,748
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:

A D Bower |
Director |

Company registration number: 06021165

BOWER PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 273 Larne Road, Lincoln, LN5 9UA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. The only exception is that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Investments

| Investment property
| £
Cost |
At 1 April 2024 and 31 March 2025 | 289,811
| ----------
Impairment |
At 1 April 2024 and 31 March 2025 | –
| ----------

Carrying amount |
At 31 March 2025 | 289,811
| ----------
At 31 March 2024 | 289,811
| ----------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,736 | 1,590
Other debtors | – | 172
| ------- | -------
| 1,736 | 1,762
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 19,426 | 18,919
Trade creditors | 3,149 | 3,928
Corporation tax | 773 | 206
Social security and other taxes | 1,709 | 1,634
Other creditors | 67,570 | 53,159
| --------- | ---------
| 92,627 | 77,846
| --------- | ---------

The bank facilities are secured by a legal charge on the investment property known as Unit 1, Lincoln Enterprise Park, Aubourn, Lincoln.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 143,953 | 161,013
Other creditors | 276 | 276
| ---------- | ----------
| 144,229 | 161,289
| ---------- | ----------

The bank facilities are secured by a legal charge on the investment property known as Unit 1, Lincoln Enterprise Park, Aubourn, Lincoln.
9. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 (Section 1A).
10. Controlling party
The company was under the control of the directors throughout the current and previous year.