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Registration number: 01426079

Bowering Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Bowering Properties Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Bowering Properties Limited

(Registration number: 01426079)
Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 31,822 | 38,806
Investment property | 5 | 6,460,000 | 6,460,000
Investments | 6 | 240 | 241
|  | 6,492,062 | 6,499,047
Current assets |  |  |
Debtors | 7 | 80,793 | 64,639
Cash at bank and in hand |  | 574,842 | 372,622
|  | 655,635 | 437,261
Creditors: Amounts falling due within one year | 8 | (233,351) | (244,159)
Net current assets |  | 422,284 | 193,102
Total assets less current liabilities |  | 6,914,346 | 6,692,149
Provisions for liabilities |  | (584,293) | (585,839)
Net assets |  | 6,330,053 | 6,106,310
Capital and reserves |  |  |
Called up share capital |  | 71,994 | 71,994
Share premium reserve |  | 168,551 | 168,551
Capital redemption reserve |  | 4,450 | 4,450
Profit and loss account |  | 6,085,058 | 5,861,315
Shareholders' funds |  | 6,330,053 | 6,106,310

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 19 March 2026

Bowering Properties Limited

(Registration number: 01426079)
Statement of Financial Position as at 31 October 2025 (continued)

B T Bowering Director

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Castle Street
Bridgwater
Somerset
TA6 3DD

Principal activity

The principal activity of the company is that of property rental.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance
Plant and machinery | 20% reducing balance

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Impairment

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 4,000 | 39,629 | 6,995 | 50,624
At 31 October 2025 | 4,000 | 39,629 | 6,995 | 50,624
Depreciation
At 1 November 2024 | - | 5,283 | 6,535 | 11,818
Charge for the year | - | 6,869 | 115 | 6,984
At 31 October 2025 | - | 12,152 | 6,650 | 18,802
Carrying amount
At 31 October 2025 | 4,000 | 27,477 | 345 | 31,822
At 31 October 2024 | 4,000 | 34,346 | 460 | 38,806

5 | Investment properties

| 2025 £
At 1 November | 6,460,000
At 31 October | 6,460,000

The investment properties are shown at their fair value at the year end on an open market basis as considered by the director. The historical cost of the investment properties included above at 31 October 2025 was £3,590,407 (2024: £3,590,407).

There has been no valuation of investment property by an independent valuer.

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | - | 1
Investments in associates | 240 | 240
| 240 | 241

Subsidiaries | £
Cost or valuation
At 1 November 2024 | 1
Disposals | (1)
At 31 October 2025 | -
Provision
Carrying amount
At 31 October 2025 | -
At 31 October 2024 | 1

Associates | £
Cost
At 1 November 2024 | 240
Provision
Carrying amount
At 31 October 2025 | 240
At 31 October 2024 | 240

Details of undertakings

The company owned 0% (2024: 100%) of the ordinary issued share capital of Dunwear Property Limited, a company incorporated in England and Wales. Dunwear Property Limited ceased trading on 30 April 2024 and was dissolved on 13 May 2025.
The company owns 50% of the ordinary issued share capital of Bowering Estate Management Company Limited, a company incorporated in England and Wales.

Bowering Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 7,572 | 2,078
Other debtors | 62,014 | 54,455
Prepayments | 11,207 | 8,106
| 80,793 | 64,639

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,534 | 5,130
Taxation and social security | 111,709 | 113,357
Accruals and deferred income | 7,765 | 8,760
Other creditors | 112,343 | 116,912
| 233,351 | 244,159

9 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.
Included in the Profit and loss account is a non-distributable amount of £2,296,803 (2024: £2,297,003) relating to revaluation of Investment properties £2,869,593 (2024: £2,869,593) less deferred tax of £572,790 (2024: £572,590).