REGISTERED NUMBER: 00668450 (England and Wales)

COWLEY BROS.(WROUGHTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

Mr N Cowley

SECRETARY:

Mr N Cowley

REGISTERED OFFICE:

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

REGISTERED NUMBER:

00668450 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Nat West Bank Plc

24-30 The Parade

SWINDON

Wiltshire

SN1 1BA

FIXED ASSETS

Tangible assets

4

145

170

Investments

5

1

1

Investment property

6

220,000

220,000

220,146

220,171

CURRENT ASSETS

Stocks

46,594

46,594

Debtors

7

3,928,622

3,909,047

Cash at bank

13,464

11,462

3,988,680

3,967,103

CREDITORS

Amounts falling due within one year

8

67,543

151,298

NET CURRENT ASSETS

3,921,137

3,815,805

TOTAL ASSETS LESS CURRENT LIABILITIES

4,141,283

4,035,976

CREDITORS

Amounts falling due after more than one year

9

285,470

1,162,222

NET ASSETS

3,855,813

2,873,754

CAPITAL AND RESERVES

Called up share capital

12

69,640

69,640

Share premium

13

178,560

178,560

Retained earnings

13

3,607,613

2,625,554

SHAREHOLDERS' FUNDS

3,855,813

2,873,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 1st September 2026 and were signed by:

Mr N Cowley - Director

1.	STATUTORY INFORMATION

Cowley Bros. (Wroughton) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00668450

Registered office: 43 - 45 Devizes Road, Swindon, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Cowley Bros.(Wroughton) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the director has determined the basis of the fair value of the investment property using knowledge of the market.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2025

and 30th April 2026

16,960

DEPRECIATION

At 1st May 2025

16,790

Charge for year

25

At 30th April 2026

16,815

NET BOOK VALUE

At 30th April 2026

145

At 30th April 2025

170

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaki

£

COST

At 1st May 2025

and 30th April 2026

1

NET BOOK VALUE

At 30th April 2026

1

At 30th April 2025

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2025

and 30th April 2026

220,000

NET BOOK VALUE

At 30th April 2026

220,000

At 30th April 2025

220,000

Fair value at 30th April 2026 is represented by:

£

Valuation in 2008

150,505

Valuation in 2009

(42,000

)

Valuation in 2016

(55,572

)

Valuation in 2020

(41,144

)

Valuation in 2021

(60,000

)

Cost

268,211

220,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

268,211

268,211

Investment property was valued on an open market basis on 30th April 2026 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

2,123

Amounts owed by associated companies

1,345,277

1,380,277

Other debtors

2,583,345

2,526,647

3,928,622

3,909,047

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1

13,199

Taxation and social security

-

18,294

Other creditors

67,542

119,805

67,543

151,298

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

285,470

1,162,222

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

49,000

32,000

Between one and five years

196,000

128,000

In more than five years

4,175,208

2,694,670

4,420,208

2,854,670

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

285,470

1,162,222

A debenture is held over the assets of the company by the Co-Trustees of the Arthur W. and Anne L. Dunkley Marital Property Trust as well as legal first charge over:

20 High Street, Swindon, Wiltshire

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

69,640

Ordinary

£1

69,640

69,640

13.

RESERVES

Retained earnings of which are distributable total £2,594,203 (2025: £2,594,203). The undistributable element of retained earnings is as a result of the fair value adjustments made in respect of the investment property.

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2026 and 30th April 2025:

2026

2025

£

£

Mr N Cowley

Balance outstanding at start of year

1,979,659

1,930,831

Amounts advanced

70,482

48,828

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,040,141

1,979,659

Interest has been charged at 3.75% and there is no fixed repayment date. However, there was a partial repayment of £73,921 made on 28th May 2026.