Company registration number 04315497 (England and Wales)
STOWMILL PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
STOWMILL PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STOWMILL PROPERTIES LIMITED
BALANCE SHEET
AS AT
25 APRIL 2025
25 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
275,000
275,000
Current assets
Cash at bank and in hand
33
4,645
Creditors: amounts falling due within one year
4
(4,265)
(7,987)
Net current liabilities
(4,232)
(3,342)
Total assets less current liabilities
270,768
271,658
Provisions for liabilities
(11,663)
(11,663)
Net assets
259,105
259,995
Capital and reserves
Called up share capital
5
2
2
Revaluation reserve
6
116,659
116,659
Profit and loss reserves
142,444
143,334
Total equity
259,105
259,995

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 25 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 9 April 2026 and are signed on its behalf by:
Mrs H O'Connor
Director
Company Registration No. 04315497
STOWMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 APRIL 2025
- 2 -
1
Accounting policies
Company information

Stowmill Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover represents amounts receivable for rents.
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

STOWMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Investment property
2025
£
Fair value
At 28 April 2024 and 25 April 2025
275,000

Investment properties have been valued by the director at fair value. The historic cost of the properties was £146,678 (2024 - £146,678).

STOWMILL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 APRIL 2025
- 4 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
495
4,383
Other creditors
3,770
3,604
4,265
7,987

5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Revaluation reserve
2025
2024
£
£
At beginning and end of year
116,659
116,659
2025-04-25 2024-04-28 false false false 09 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs H O'Connor Ms C M O'Connor Mrs H L Sutton-Kirkby Miss V E O'Connor 04315497 2024-04-28 2025-04-25 04315497 2025-04-25 04315497 2024-04-27 04315497 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-25 04315497 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-27 04315497 core:ShareCapital 2025-04-25 04315497 core:ShareCapital 2024-04-27 04315497 core:RevaluationReserve 2025-04-25 04315497 core:RevaluationReserve 2024-04-27 04315497 core:RetainedEarningsAccumulatedLosses 2025-04-25 04315497 core:RetainedEarningsAccumulatedLosses 2024-04-27 04315497 core:ShareCapitalOrdinaryShareClass1 2025-04-25 04315497 core:ShareCapitalOrdinaryShareClass1 2024-04-27 04315497 bus:Director1 2024-04-28 2025-04-25 04315497 2023-04-28 2024-04-27 04315497 2024-04-27 04315497 core:CurrentFinancialInstruments 2025-04-25 04315497 core:CurrentFinancialInstruments 2024-04-27 04315497 bus:OrdinaryShareClass1 2024-04-28 2025-04-25 04315497 bus:OrdinaryShareClass1 2025-04-25 04315497 bus:OrdinaryShareClass1 2024-04-27 04315497 bus:PrivateLimitedCompanyLtd 2024-04-28 2025-04-25 04315497 bus:FRS102 2024-04-28 2025-04-25 04315497 bus:AuditExemptWithAccountantsReport 2024-04-28 2025-04-25 04315497 bus:Director2 2024-04-28 2025-04-25 04315497 bus:Director3 2024-04-28 2025-04-25 04315497 bus:Director4 2024-04-28 2025-04-25 04315497 bus:SmallCompaniesRegimeForAccounts 2024-04-28 2025-04-25 04315497 bus:FullAccounts 2024-04-28 2025-04-25 xbrli:pure xbrli:shares iso4217:GBP