Company registration number 05427989 (England and Wales)
BOWEN HOMES LTD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
BOWEN HOMES LTD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BOWEN HOMES LTD LIMITED
BALANCE SHEET
AS AT
29 APRIL 2025
29 April 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
54,823
109,227
Investment properties
4
7,155,000
7,950,000
7,209,823
8,059,227
Current assets
Debtors
5
2,950,161
1,958,218
Cash at bank and in hand
585,531
1,310,574
3,535,692
3,268,792
Creditors: amounts falling due within one year
6
(971,553)
(632,884)
Net current assets
2,564,139
2,635,908
Total assets less current liabilities
9,773,962
10,695,135
Creditors: amounts falling due after more than one year
7
(2,385,000)
(2,650,000)
Provisions for liabilities
(506,579)
(717,401)
Net assets
6,882,383
7,327,734
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss reserves
6,881,383
7,326,734
Total equity
6,882,383
7,327,734
BOWEN HOMES LTD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 APRIL 2025
29 April 2025
- 2 -

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

For the financial year ended 29 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her 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 and signed by the director and authorised for issue on 22 April 2026
Mrs S A Stevens
Director
Company Registration No. 05427989
BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2025
- 3 -
1
Accounting policies
Company information

Bowen Homes Ltd Limited is a private company limited by shares incorporated in England and Wales. The registered office is Jevington Hall, Rectory Road, Combe Martin, Devon, United Kingdom, EX34 0NS.

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 the revaluation of freehold properties and to include investment properties and certain financial instruments 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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 years straight line
Fixtures, fittings & equipment
8 years straight line
Motor vehicles
4 years straight line

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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. Changes in fair value are recognised in profit or loss. If investment property had not been revalued, it would have been included at the historical cost of £5,157,654. The investment properties were valued on an open market basis at the year end, by the Director.

1.5
Cash at bank and in hand

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.

BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

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

1.7
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.9

Reporting period length

The accounting period relates to a twelve month period. The comparative year is for an eighteen month period and are therefore not entirely comparable.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 30 April 2024
61,069
1,080,048
1,141,117
Disposals
-
0
(16,350)
(16,350)
At 29 April 2025
61,069
1,063,698
1,124,767
Depreciation and impairment
At 30 April 2024
29,401
1,002,489
1,031,890
Depreciation charged in the year
6,107
48,297
54,404
Eliminated in respect of disposals
-
0
(16,350)
(16,350)
At 29 April 2025
35,508
1,034,436
1,069,944
Carrying amount
At 29 April 2025
25,561
29,262
54,823
At 29 April 2024
31,668
77,559
109,227

4
Investment property
2025
£
Fair value
At 30 April 2024
7,950,000
Additions
294
Revaluations
(795,294)
At 29 April 2025
7,155,000
BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
4
Investment property
(Continued)
- 6 -

If the investment property had not been revalued, it would have been included at the hisorical cost of £5,157,948.

The investment properties were valued on an open market basis at the year end, by the Director.

5
Debtors
2025
2024
as restated
Amounts falling due within one year:
£
£
Corporation tax recoverable
671,180
491,209
Other debtors
2,278,981
1,467,009
2,950,161
1,958,218
6
Creditors: amounts falling due within one year
2025
2024
as restated
£
£
Bank loans
265,000
-
0
Taxation and social security
696,643
619,448
Other creditors
9,910
13,436
971,553
632,884

7
Creditors: amounts falling due after more than one year
2025
2024
as restated
Notes
£
£
Bank loans
2,385,000
2,650,000

8
Secured Debts

Recognise Bank Ltd holds fixed and floating charges against Bowen Homes Ltd Limited (dated 22nd December 2023), as continuing security for the payment and discharge of all secured liabilities. Security is held against all freehold and leasehold property (including all buildings and fixtures, plant and machinery). The charges include a negative pledge.

BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2025
- 7 -
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary of £1 each
1,000
1,000
10
Directors' transactions

As at 29 April 2025 the directors loan account was as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
as restated
£
£
£
Directors loan account
2.25
1,455,435
798,247
2,253,682
1,455,435
798,247
2,253,682
11
Prior period adjustment

A prior period adjustment has been included in the restated 2024 figures for the £2,650,000 loan taken out in the company name which was omitted from the 2024 accounts. This had further implications with regards to the directors loan account and taxation.

The changes to the 2024 financial statements are as follows:

Changes to the balance sheet
As previously reported
Adjustment
As restated at 29 Apr 2024
£
£
£
Current assets
Debtors due within one year
11,574
1,946,644
1,958,218
Creditors due within one year
Taxation
(128,239)
(491,209)
(619,448)
Other creditors
(1,124,862)
1,115,438
(9,424)
Creditors due after one year
Loans and overdrafts
-
(2,650,000)
(2,650,000)
Net assets
7,406,861
(79,127)
7,327,734
Capital and reserves
Profit and loss reserves
7,405,861
(79,127)
7,326,734
2025-04-29 2024-04-30 false false false 22 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs S A Stevens 05427989 2024-04-30 2025-04-29 05427989 2025-04-29 05427989 2024-04-29 05427989 core:LandBuildings 2025-04-29 05427989 core:OtherPropertyPlantEquipment 2025-04-29 05427989 core:LandBuildings 2024-04-29 05427989 core:OtherPropertyPlantEquipment 2024-04-29 05427989 core:CurrentFinancialInstruments 2025-04-29 05427989 core:CurrentFinancialInstruments 2024-04-29 05427989 core:Non-currentFinancialInstruments 2025-04-29 05427989 core:Non-currentFinancialInstruments 2024-04-29 05427989 core:ShareCapital 2025-04-29 05427989 core:ShareCapital 2024-04-29 05427989 core:RetainedEarningsAccumulatedLosses 2025-04-29 05427989 core:RetainedEarningsAccumulatedLosses 2024-04-29 05427989 core:ShareCapitalOrdinaryShareClass1 2025-04-29 05427989 core:ShareCapitalOrdinaryShareClass1 2024-04-29 05427989 bus:Director1 2024-04-30 2025-04-29 05427989 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-04-30 2025-04-29 05427989 core:FurnitureFittings 2024-04-30 2025-04-29 05427989 core:MotorVehicles 2024-04-30 2025-04-29 05427989 2022-10-31 2024-04-29 05427989 core:LandBuildings 2024-04-29 05427989 core:OtherPropertyPlantEquipment 2024-04-29 05427989 2024-04-29 05427989 core:LandBuildings 2024-04-30 2025-04-29 05427989 core:OtherPropertyPlantEquipment 2024-04-30 2025-04-29 05427989 bus:PrivateLimitedCompanyLtd 2024-04-30 2025-04-29 05427989 bus:SmallCompaniesRegimeForAccounts 2024-04-30 2025-04-29 05427989 bus:FRS102 2024-04-30 2025-04-29 05427989 bus:AuditExemptWithAccountantsReport 2024-04-30 2025-04-29 05427989 bus:FullAccounts 2024-04-30 2025-04-29 xbrli:pure xbrli:shares iso4217:GBP