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Registration number: 03924020

The Gower Schools Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

The Gower Schools Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

The Gower Schools Limited

Company Information

Director | EC Gowers

Company secretary | F Gowers

Registered office | 18 North Road Islington London United Kingdom N7 9EY

The Gower Schools Limited

(Registration number: 03924020)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 292,045 | 361,110
Current assets |  |  |
Debtors | 5 | 3,099,075 | 744,025
Cash at bank and in hand |  | 1,351,317 | 3,736,128
|  | 4,450,392 | 4,480,153
Creditors: Amounts falling due within one year | 6 | (2,105,688) | (2,349,785)
Net current assets |  | 2,344,704 | 2,130,368
Net assets |  | 2,636,749 | 2,491,478
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Retained earnings |  | 2,635,749 | 2,490,478
Shareholders' funds |  | 2,636,749 | 2,491,478

For the financial year ending 31 August 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 her 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 Profit and Loss Account.

Approved and authorised by the director on 19 March 2026

......................................... EC Gowers Director

The Gower Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
18 North Road
Islington
London
N7 9EY
United Kingdom

These financial statements were authorised for issue by the director on 19 March 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.

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 sales/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 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.

The Gower Schools Limited

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

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet 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
Fixture and Fittings costs | 25% reducing balance
Computer equipment | 25% reducing balance
Leasehold property | 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

The Gower Schools Limited

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

2 | Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 127 (2024 - 123).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 596,136 | 2,261,423 | 2,857,559
Additions | - | 15,507 | 15,507
At 31 August 2025 | 596,136 | 2,276,930 | 2,873,066
Depreciation
At 1 September 2024 | 535,900 | 1,960,549 | 2,496,449
Charge for the year | 9,035 | 75,537 | 84,572
At 31 August 2025 | 544,935 | 2,036,086 | 2,581,021
Carrying amount
At 31 August 2025 | 51,201 | 240,844 | 292,045
At 31 August 2024 | 60,236 | 300,874 | 361,110

Included within the net book value of land and buildings above is £51,201 (2024 - £60,236) in respect of short leasehold land and buildings.

5 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 9 | 2,887,676 | 410,659
Other debtors |  | 211,399 | 333,366
|  | 3,099,075 | 744,025

The Gower Schools Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 521,276 | 425,726
Taxation and social security | 315,596 | 85,893
Other creditors | 1,268,816 | 1,838,166
| 2,105,688 | 2,349,785

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 599 | 599 | 599 | 599
A Ordinary of £1 each | 1 | 1 | 1 | 1
B Ordinary of £1 each | 400 | 400 | 400 | 400
| 1,000 | 1,000 | 1,000 | 1,000

The Gower Schools Limited

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

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £134.75 (2024 - £158.94) per each Ordinary |  | 134,745 |  | 158,940
Interim dividend of £Nil per each A Ordinary |  | - |  | -
|  | 134,745 |  | 158,940

9 | Related party transactions

During the accounting period the company provided £2,587,000 against loans made to Cynthia Street Property Limited, a company with a common shareholder and director.

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 9,000 | 9,000

The Gower Schools Limited

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

9 | Related party transactions (continued)

Summary of transactions with associates

Cynthia Street Properties Ltd
Cynthia Street Properties (London) Ltd
Loans, dividends and transfers of common expenses

Loans to related parties

2025 | Associates £ | Total £
At start of period | 410,479 | 410,479
Advanced | 2,527,197 | 2,527,197
Repaid | (50,000) | (50,000)
At end of period | 2,887,676 | 2,887,676

2024 | Associates £ | Total £
At start of period | 535,794 | 535,794
Advanced | 11,208 | 11,208
Repaid | (136,523) | (136,523)
At end of period | 410,479 | 410,479

Terms of loans to related parties

Interest free and repayable on demand

Loans from related parties

2025 | Associates £ | Total £
Repaid | (86,523) | (86,523)
At end of period | (86,523) | (86,523)

2024 | Associates £ | Total £
At start of period | 438,239 | 438,239
Advanced | 1,213 | 1,213
Repaid | (439,452) | (439,452)
At end of period | - | -

Terms of loans from related parties

Interest free and repayable on demand