Registration number: 09112290

Tower Financial Search Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Tower Financial Search Limited

(Registration number: 09112290)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,910	413
Current assets
Debtors	5	5,172	8,002
Cash at bank and in hand		131	1,893
		5,303	9,895
Creditors: Amounts falling due within one year	6	(4,216)	(2,875)
Net current assets		1,087	7,020
Total assets less current liabilities		2,997	7,433
Creditors: Amounts falling due after more than one year	6	(9,119)	(11,315)
Net liabilities		(6,122)	(3,882)
Capital and reserves
Called up share capital		100	100
Retained earnings		(6,222)	(3,982)
Shareholders' deficit		(6,122)	(3,882)

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 October 2026
 

......................................... Mr Timothy Chadwick Director

Tower Financial Search Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Rose Cottage Moss Side Lane
Wrea Green
Preston
PR4 2PE
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through financed funds. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tax

The tax expense for the period comprises current. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tower Financial Search Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Tower Financial Search Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Office Equipment £	Total £
Cost or valuation
At 1 February 2025	5,106	5,106
Additions	2,265	2,265
Disposals	(1,124)	(1,124)
At 31 January 2026	6,247	6,247
Depreciation
At 1 February 2025	4,693	4,693
Charge for the year	637	637
Eliminated on disposal	(993)	(993)
At 31 January 2026	4,337	4,337
Carrying amount
At 31 January 2026	1,910	1,910
At 31 January 2025	413	413

5

Debtors

Current	2026 £	2025 £
Other debtors	5,172	8,002
	5,172	8,002

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Loans and borrowings	2,334	2,275
Accruals and deferred income	1,200	600
Other creditors	682	-
	4,216	2,875

Current loans and borrowings

Tower Financial Search Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

	2026 £	2025 £
Bank borrowings	2,334	2,275

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Loans and borrowings	9,119	11,315