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Registration number: 02010723

Bowness Time-Share Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Bowness Time-Share Limited

(Registration number: 02010723)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 3 | 530,838 | 530,838
Capital and reserves |  |  |
Called up share capital | 4 | 550,000 | 550,000
Retained earnings |  | (19,162) | (19,162)
Shareholders' funds |  | 530,838 | 530,838

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 9 April 2026 and signed on its behalf by:

......................................... D R Noble Director

Bowness Time-Share Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 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:
The Lodge Burnside Park
Kendal Road
Bowness On Windermere
Cumbria
LA23 3EW

These financial statements were authorised for issue by the Board on 9 April 2026.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties |  | 530,838 | 530,838
|  | 530,838 | 530,838

Bowness Time-Share Limited

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

4 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 70,000 | 70,000 | 70,000 | 70,000
Cumulative Preference shares of £1 each | 480,000 | 480,000 | 480,000 | 480,000
| 550,000 | 550,000 | 550,000 | 550,000

5 | Parent and ultimate parent undertaking

The company was dormant in the year.
The company's immediate parent is Hapimag Resorts & Residences (UK) Ltd, incorporated in England and Wales.
The ultimate parent is Hapimag AG, incorporated in Switzerland.
These financial statements are available upon request from Hapimag AG, Sumpfskasse 18, 6312 Steinhausen, Switzerland
The ultimate controlling party is Hapimag AG.