TOWERS HOSPITALITY LIMITED - Filleted accounts

Registered number

12163936

TOWERS HOSPITALITY LIMITED

Unaudited Financial Statements

31 August 2025

TOWERS HOSPITALITY LIMITED
Registered number:		12163936
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		3,000			3,750
Tangible assets	4		78,520			71,339
			81,520			75,089

Current assets
Stocks		8,825			8,500
Debtors	5	334,159			315,138
Cash at bank and in hand		7,832			4,996
		350,816			328,634

Creditors: amounts falling due within one year	6	(144,241)			(163,014)

Net current assets			206,575			165,620

Total assets less current liabilities			288,095			240,709

Creditors: amounts falling due after more than one year	7		(23,208)			(28,540)

Provisions for liabilities			(8,634)			-


Net assets			256,253			212,169

Capital and reserves
Called up share capital			100			100
Profit and loss account			256,153			212,069

Shareholders' funds			256,253			212,169

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr B Towers
Director
Approved by the board on 18 April 2026

TOWERS HOSPITALITY LIMITED
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Improvements to property			no depreciation
	Fixtures and fittings			15% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		17


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2024							7,500
	At 31 August 2025							7,500

	Amortisation
	At 1 September 2024							3,750
	Provided during the year							750
	At 31 August 2025							4,500

	Net book value
	At 31 August 2025							3,000
	At 31 August 2024							3,750

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	37,236		51,056		19,673		107,965
	Additions	11,557		1,839		-		13,396
	At 31 August 2025	48,793		52,895		19,673		121,361

	Depreciation
	At 1 September 2024	-		25,059		11,567		36,626
	Charge for the year	-		4,188		2,027		6,215
	At 31 August 2025	-		29,247		13,594		42,841

	Net book value
	At 31 August 2025	48,793		23,648		6,079		78,520
	At 31 August 2024	37,236		25,997		8,106		71,339


5	Debtors					2025		2024
£							£

	Trade debtors					2,455		-
	Deferred tax asset					-		5,554
	Related party loans					330,504		309,584
	Other debtors					1,200		-
						334,159		315,138


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans, overdrafts and credit card balances owed					33,232		39,203
	Obligations under finance lease and hire purchase contracts					5,916		6,126
	Trade creditors					18,335		29,244
	Taxation and social security costs					26,037		69,728
	Directors loan account					59,868		18,713
	Other creditors					853		-
						144,241		163,014

	Creditors: amounts falling due within one year includes loans from directors of £59,868.
	They are interest free loans, no terms for repayment having been fixed.

7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		8,333
	Obligations under finance lease and hire purchase contracts					-		3,573
	Related party loans					23,208		16,634
						23,208		28,540


8	Related party transactions

	Related Party Charges During the year the company operated a directors loan account with Mr B Towers, as at 31 August 2025 the company owed Mr B Towers £59,868 (2024: £18,713). Related Party Loans Loans between related parties owned and controlled by the same person: Loans made to the following companies: MOOD HOSPITALITY LIMITED - Company number 13851654 RESILETS: BLYTH QUAY LTD - Company number 15078181 BOTHER INVESTMENTS LIMITED - Company number 12320215 Loans received from the following company: TOWERS PROPERTIES LIMITED - Company number 12947228 Balance at year end of loans: MOOD HOSPITALITY LIMITED - £277,359 (included within debtors) RESILETS: BLYTH QUAY LTD - £23,210 (included within debtors) BOTHER INVESTMENTS LIMITED - £29,935 (included within debtors) TOWERS PROPERTIES LIMITED - £23,208 (included within creditors due after 1 year) No fixed terms of repayment are attached to the loans and these are interest free loans. Mr B Towers owns 100% shareholding in all of the above company's and he is also a director in each of the company's.


9	Other information

	TOWERS HOSPITALITY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Flat - La Torre
	Millfield East
	Bedlington
	Northumberland
	NE22 5ED