REGISTERED NUMBER: 08610517 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

THE BOWERS PARTNERSHIP LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

11,511

13,589

Tangible assets

6

8,765

7,358

Investments

7

-

210,860

20,276

231,807

CURRENT ASSETS

Debtors

8

517,443

651,988

Cash at bank

805,476

618,586

1,322,919

1,270,574

CREDITORS

Amounts falling due within one year

9

100,299

90,005

NET CURRENT ASSETS

1,222,620

1,180,569

TOTAL ASSETS LESS CURRENT LIABILITIES

1,242,896

1,412,376

PROVISIONS FOR LIABILITIES

10

2,191

3,010

NET ASSETS

1,240,705

1,409,366

CAPITAL AND RESERVES

Called up share capital

11

2

2

Non-distributable reserve

12

-

3,509

Retained earnings

1,240,703

1,405,855

SHAREHOLDERS' FUNDS

1,240,705

1,409,366

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

Mrs N Bowers - Director

1.	STATUTORY INFORMATION

The Bowers Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08610517

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about The Bowers Partnership Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Equipment

-

25% on cost and 20% on cost

All fixed assets are initially recorded at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 year 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.

Pension costs and other post-retirement benefits

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

Leases

Rentals payable under operating lease, including any lease incentives received, and charged to profit or loss on a straight line basis over the term of the revenant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases assets are consumed.

Equity instruments

Changes in the fair value of derivatives that are designate and qualify as fair value hedges are recognised in profit and loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 April 2024

and 31 March 2025

20,771

AMORTISATION

At 1 April 2024

7,182

Amortisation for year

2,078

At 31 March 2025

9,260

NET BOOK VALUE

At 31 March 2025

11,511

At 31 March 2024

13,589

Capitalised website development costs incurred in past years, which had previously been classed as equipment, have been reclassified to their own class of intangible asset. Accumulated depreciation brought forward has been recalculated using the website amortisation rate and the surplus depreciation adjusted via the Profit and Loss account.

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 April 2024

15,265

36,244

51,509

Additions

4,162

1,083

5,245

Disposals

(392

)

(17,910

)

(18,302

)

At 31 March 2025

19,035

19,417

38,452

DEPRECIATION

At 1 April 2024

9,102

35,049

44,151

Charge for year

2,910

928

3,838

Eliminated on disposal

(392

)

(17,910

)

(18,302

)

At 31 March 2025

11,620

18,067

29,687

NET BOOK VALUE

At 31 March 2025

7,415

1,350

8,765

At 31 March 2024

6,163

1,195

7,358

7.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

210,860

Disposals

(210,860

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

210,860

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2020

3,690

Valuation in 2021

19,587

Valuation in 2022

6,994

Valuation in 2023

(4,711

)

Valuation in 2024

(13,789

)

Valuation in 2025

(11,771

)

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

58,313

Amounts owed by group undertakings

384,979

384,378

Other debtors

4,122

6,103

Directors' current accounts

33,350

127,894

Prepayments and accrued income

94,992

75,300

517,443

651,988

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,200

25,613

Amounts owed to group undertakings

10,027

10,642

Corporation tax

126

2,543

PAYE and social security

949

930

VAT

9,219

9,029

Accruals and deferred income

61,778

41,248

100,299

90,005

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,191

1,840

Other timing differences

-

1,170

2,191

3,010

Deferred

tax

£

Balance at 1 April 2024

3,010

Provided during year

(819

)

Balance at 31 March 2025

2,191

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Non-distributable

reserve

£

At 1 April 2024

3,509

Investment disposal

(3,509

)

At 31 March 2025

-

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due from directors at the balance sheet date total £33,351 (2024: £127,893). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs' beneficial loan rate.

14.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan balance of £384,979 (2024: £384,378) due from Lionfoxco Limited, a member of the group. The amount is interest free and on demand.

Included in other creditors is a loan balance of £10,027 (2024: £10,642) due to The Bowers Investment Limited, the parent company. The amount is interest free and repayable on demand.

The company paid dividends of £174,860 (2024: £174,860) to the parent company during the year.

The company claimed group relief in respect of losses across the group.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Bowers Investment Company Limited.

16.	PARENT COMPANY

The company is a wholly owned subsidiary of The Bowers Investment Company Ltd whose address is Pharmacy Chambers, High Street, Wadhurst, East Sussex, TN5 6AP.