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Registered number: 08664341
Towcester Research Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08664341
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 72 112
Tangible Assets 5 212 -
Investments 6 227,298 243,144
227,582 243,256
CURRENT ASSETS
Stocks 7 23,442 501,116
Debtors 8 2,907 25,090
Cash at bank and in hand 1,644,673 1,816,802
1,671,022 2,343,008
Creditors: Amounts Falling Due Within One Year 9 (252,971 ) (341,008 )
NET CURRENT ASSETS (LIABILITIES) 1,418,051 2,002,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,645,633 2,245,256
PROVISIONS FOR LIABILITIES
Deferred Taxation (71 ) (28 )
NET ASSETS 1,645,562 2,245,228
CAPITAL AND RESERVES
Called up share capital 10 3 3
Fair value reserve 11 (62,592 ) (46,745 )
Profit and Loss Account 1,708,151 2,291,970
SHAREHOLDERS' FUNDS 1,645,562 2,245,228
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 11 September 2026 and were signed on its behalf by:
Mr M J Brookfield
Director
11 September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Towcester Research Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08664341 . The registered office is 183a Watling Street West, Towcester, Northamptonshire, NN12 6BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks and are amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% Straight Line
Fixtures & Fittings 33% Straight Line
Office Equipment 33% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 400
As at 31 December 2025 400
Amortisation
As at 1 January 2025 288
Provided during the period 40
As at 31 December 2025 328
Net Book Value
As at 31 December 2025 72
As at 1 January 2025 112
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Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 1 January 2025 3,671 1,254 5,897 10,822
Additions - - 318 318
As at 31 December 2025 3,671 1,254 6,215 11,140
Depreciation
As at 1 January 2025 3,671 1,254 5,897 10,822
Provided during the period - - 106 106
As at 31 December 2025 3,671 1,254 6,003 10,928
Net Book Value
As at 31 December 2025 - - 212 212
As at 1 January 2025 - - - -
6. Investments
Listed
£
Cost or Valuation
As at 1 January 2025 243,144
Fair value adjustments (15,846 )
As at 31 December 2025 227,298
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 227,298
As at 1 January 2025 243,144
7. Stocks
2025 2024
£ £
Stock 23,442 501,116
8. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,907 25,090
Page 5
Page 6
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 38,301 2,338
Other creditors 46,292 60,938
Taxation and social security 168,378 277,732
252,971 341,008
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1.00 each 3 3
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 January 2025 (46,745 ) 2,291,970
Profit for the year and total comprehensive income - 1,200,335
Dividends paid - (1,800,000)
Transfer to/from Fair value reserve - 15,846
Transfer to/from Profit & Loss Account (15,847 ) -
As at 31 December 2025 (62,592 ) 1,708,151
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