Bower Property Limited Filleted accounts for Companies House (small and micro)

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.