REGISTERED NUMBER: 12305178 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Tower 23 Ventures Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Kandola

Mrs. N Kandola

REGISTERED OFFICE:

The Old Doctor's House

74 Grange Road

Dudley

West Midlands

DY1 2AW

REGISTERED NUMBER:

12305178 (England and Wales)

ACCOUNTANTS:

Lewis Smith & Co.

Chartered Certified Accountants

The Old Doctor's House

74 Grange Road

Dudley

West Midlands

DY1 2AW

BANKERS:

Lloyds Bank PLC

153 High Street

Rowley Regis

West Midlands

B65 0EB

FIXED ASSETS

Tangible assets

4

86,100

5,251

CURRENT ASSETS

Stocks

14,850

14,850

Debtors

299,461

365,550

Cash at bank and in hand

108,610

97,451

422,921

477,851

CREDITORS

Amounts falling due within one year

355,082

313,679

NET CURRENT ASSETS

67,839

164,172

TOTAL ASSETS LESS CURRENT LIABILITIES

153,939

169,423

CREDITORS

Amounts falling due after more than one year

78,109

13,842

NET ASSETS

75,830

155,581

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

75,730

155,481

SHAREHOLDERS' FUNDS

75,830

155,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

K Kandola - Director

1.	STATUTORY INFORMATION

Tower 23 Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

89,676

Additions

108,340

At 31 August 2025

198,016

DEPRECIATION

At 1 September 2024

84,425

Charge for year

27,491

At 31 August 2025

111,916

NET BOOK VALUE

At 31 August 2025

86,100

At 31 August 2024

5,251

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

108,340

At 31 August 2025

108,340

DEPRECIATION

Charge for year

27,085

At 31 August 2025

27,085

NET BOOK VALUE

At 31 August 2025

81,255

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary Shares

1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

K Kandola and Mrs. N Kandola

Balance outstanding at start of year

232,539

232,563

Amounts advanced

1,803

-

Amounts repaid

(162,460

)

(24

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

71,882

232,539

7.	RELATED PARTY DISCLOSURES

At the year end the company was owed £215,482 (£126,012 - 2025) by Tower 23 Limited, a company under control of the directors.

In addition, the company owed £234,029 (£234,029 - 2025) to Tower 23 Capital Limited, a company under the control of the directors.