Company registration number 05427989 (England and Wales)
BOWEN HOMES LTD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2026
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 2026
29 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,959
54,823
Investment properties
4
6,500,000
7,155,000
6,517,959
7,209,823
Current assets
Debtors
5
1,467,324
2,950,161
Cash at bank and in hand
1,340,542
585,531
2,807,866
3,535,692
Creditors: amounts falling due within one year
6
(510,286)
(971,553)
Net current assets
2,297,580
2,564,139
Total assets less current liabilities
8,815,539
9,773,962
Creditors: amounts falling due after more than one year
7
(2,000,000)
(2,385,000)
Provisions for liabilities
(319,431)
(506,579)
Net assets
6,496,108
6,882,383
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss reserves
6,495,108
6,881,383
Total equity
6,496,108
6,882,383
BOWEN HOMES LTD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 APRIL 2026
29 April 2026
- 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 2026 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 13 July 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 2026
- 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 99 Yelland Road, Fremington, Barnstaple, Devon, EX31 3DT.

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 2026
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 2026
- 5 -
2
Employees

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

2026
2025
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 30 April 2025
61,069
1,063,698
1,124,767
Disposals
(55,668)
(65,145)
(120,813)
At 29 April 2026
5,401
998,553
1,003,954
Depreciation and impairment
At 30 April 2025
35,508
1,034,436
1,069,944
Depreciation charged in the year
1,004
14,549
15,553
Eliminated in respect of disposals
(34,357)
(65,145)
(99,502)
At 29 April 2026
2,155
983,840
985,995
Carrying amount
At 29 April 2026
3,246
14,713
17,959
At 29 April 2025
25,561
29,262
54,823

4
Investment property
2026
£
Fair value
At 30 April 2025
7,155,000
Additions
180
Revaluations
(655,180)
At 29 April 2026
6,500,000

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.

BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2026
- 6 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Corporation tax recoverable
671,180
671,180
Other debtors
796,144
2,278,981
1,467,324
2,950,161
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
392,328
265,000
Taxation and social security
73,051
696,643
Other creditors
44,907
9,910
510,286
971,553
7
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans
2,000,000
2,385,000
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.

9
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary of £1 each
1,000
1,000
BOWEN HOMES LTD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2026
- 7 -
10
Directors' transactions

As at 29 April 2026 the directors loan account was as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors loan account
-
2,253,681
(1,504,626)
749,055
2,253,681
(1,504,626)
749,055
2026-04-29 2025-04-30 false false false 13 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs S A Stevens 05427989 2025-04-30 2026-04-29 05427989 2026-04-29 05427989 2025-04-29 05427989 core:LandBuildings 2026-04-29 05427989 core:OtherPropertyPlantEquipment 2026-04-29 05427989 core:LandBuildings 2025-04-29 05427989 core:OtherPropertyPlantEquipment 2025-04-29 05427989 core:CurrentFinancialInstruments 2026-04-29 05427989 core:CurrentFinancialInstruments 2025-04-29 05427989 core:Non-currentFinancialInstruments 2026-04-29 05427989 core:Non-currentFinancialInstruments 2025-04-29 05427989 core:ShareCapital 2026-04-29 05427989 core:ShareCapital 2025-04-29 05427989 core:RetainedEarningsAccumulatedLosses 2026-04-29 05427989 core:RetainedEarningsAccumulatedLosses 2025-04-29 05427989 core:ShareCapitalOrdinaryShareClass1 2026-04-29 05427989 core:ShareCapitalOrdinaryShareClass1 2025-04-29 05427989 bus:Director1 2025-04-30 2026-04-29 05427989 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2025-04-30 2026-04-29 05427989 core:FurnitureFittings 2025-04-30 2026-04-29 05427989 core:MotorVehicles 2025-04-30 2026-04-29 05427989 2024-04-30 2025-04-29 05427989 core:LandBuildings 2025-04-29 05427989 core:OtherPropertyPlantEquipment 2025-04-29 05427989 2025-04-29 05427989 core:LandBuildings 2025-04-30 2026-04-29 05427989 core:OtherPropertyPlantEquipment 2025-04-30 2026-04-29 05427989 bus:PrivateLimitedCompanyLtd 2025-04-30 2026-04-29 05427989 bus:SmallCompaniesRegimeForAccounts 2025-04-30 2026-04-29 05427989 bus:FRS102 2025-04-30 2026-04-29 05427989 bus:AuditExemptWithAccountantsReport 2025-04-30 2026-04-29 05427989 bus:FullAccounts 2025-04-30 2026-04-29 xbrli:pure xbrli:shares iso4217:GBP