REGISTERED NUMBER: 01404011 (England and Wales)

TOWER SEA PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B A Hodge

REGISTERED OFFICE:

Philips Cottage

2 Coach Road

Shepshed

Loughborough

LE12 9BY

REGISTERED NUMBER:

01404011 (England and Wales)

ACCOUNTANTS:

Harrison & Co

Chartered Accountants

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

BANKERS:

HSBC

55 Victoria Street

Grimsby

N E Lincolnshire

DN31 1UX

FIXED ASSETS

Tangible assets

4

77,380

91,035

Investments

5

12,793

39,116

Investment property

6

326,310

532,283

416,483

662,434

CURRENT ASSETS

Debtors

444,854

412,051

Cash at bank

207,841

52,836

652,695

464,887

CREDITORS

Amounts falling due within one year

4,769

31,374

NET CURRENT ASSETS

647,926

433,513

TOTAL ASSETS LESS CURRENT LIABILITIES

1,064,409

1,095,947

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

1,062,409

1,093,947

SHAREHOLDERS' FUNDS

1,064,409

1,095,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 30 September 2025 and were signed by:

Mrs B A Hodge - Director

1.	STATUTORY INFORMATION

Tower Sea Products Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

Investments

Fixed asset investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

126,000

DEPRECIATION

At 1 January 2024

34,965

Charge for year

13,655

At 31 December 2024

48,620

NET BOOK VALUE

At 31 December 2024

77,380

At 31 December 2023

91,035

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

39,116

Disposals

(27,143

)

Revaluations

820

At 31 December 2024

12,793

NET BOOK VALUE

At 31 December 2024

12,793

At 31 December 2023

39,116

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2015

(8,693

)

Valuation in 2016

30,464

Valuation in 2017

33,817

Valuation in 2018

(6,537

)

Valuation in 2019

12,250

Valuation in 2020

(1,116

)

Valuation in 2021

(14,242

)

Valuation in 2022

(14,097

)

Valuation in 2023

7,270

Valuation in 0

(26,323

)

12,793

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

532,283

Disposals

(205,973

)

At 31 December 2024

326,310

NET BOOK VALUE

At 31 December 2024

326,310

At 31 December 2023

532,283

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs B A Hodge.