Tower Construction (Cheltenham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02601401

Tower Construction (Cheltenham) Limited

Filleted Unaudited Financial Statements

31 August 2025

Tower Construction (Cheltenham) Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		307,322		313,023

Current Assets

Debtors	6	23,663	87,175
Cash at bank and in hand		42,309	74,391
		--------	---------
		65,972	161,566

Creditors: amounts falling due within one year	7	35,508		91,052
		--------		---------
Net Current Assets			30,464		70,514
			---------		---------
Total Assets Less Current Liabilities			337,786		383,537

Provisions

Taxation including deferred tax	7,129	8,819
	---------	---------
Net Assets	330,657	374,718
	---------	---------

Tower Construction (Cheltenham) Limited

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	8	10,000	10,000
Profit and loss account		320,657	364,718
		---------	---------
Shareholders Funds		330,657	374,718
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mr G A Kynaston-Smith
Director

Company registration number: 02601401

Tower Construction (Cheltenham) Limited

Notes to the Financial Statements

Year Ended 31 August 2025

1. General Information

The company is a private company limited by shares, registered in England. The address of the registered office is 17 St Davids Close, Cheltenham, Gloucestershire, GL51 3HL.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

1 Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

2 Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

3 Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4 Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

6 Investment Property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

7 Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

8 Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

9 Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

10 Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible Assets

	Investment properties	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024 and 31 August 2025	290,000	3,687	55,095	1,263	350,045
	---------	-------	--------	-------	---------
Depreciation
At 1 September 2024	–	2,858	33,011	1,153	37,022
Charge for the year	–	125	5,521	55	5,701
	---------	-------	--------	-------	---------
At 31 August 2025	–	2,983	38,532	1,208	42,723
	---------	-------	--------	-------	---------
Carrying amount
At 31 August 2025	290,000	704	16,563	55	307,322
	---------	-------	--------	-------	---------
At 31 August 2024	290,000	829	22,084	110	313,023
	---------	-------	--------	-------	---------

Investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment has been taken through the profit and loss account.

6. Debtors

	2025	2024
	£	£
Trade debtors	12,741	64,141
Other debtors	10,922	23,034
	--------	--------
	23,663	87,175
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,273	8,002
Social security and other taxes	19,606	33,431
Other creditors	13,629	49,619
	--------	--------
	35,508	91,052
	--------	--------

8. Called Up Share Capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------