ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

Registered number: 09965819

GAY BOWERS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

GAY BOWERS LTD

REGISTERED NUMBER: 09965819

BALANCE SHEET

AS AT 31 JANUARY 2026

		As restated
	2026	2025
Note	£	£

Fixed assets
Investment property	4		408,685		239,308
			408,685		239,308
Current assets
Debtors: amounts falling due within one year	5	7,808		4,200
Cash at bank and in hand	6	5,069		2,876
		12,877		7,076
Creditors: amounts falling due within one year	7	(10,260)		(43,055)
Net current assets/(liabilities)			2,617		(35,979)
Total assets less current liabilities			411,302		203,329
Creditors: amounts falling due after more than one year	8		(3,418)		-
Provisions for liabilities
Deferred tax	10	(67,857)		-
			(67,857)		-
Net assets			340,027		203,329

Capital and reserves
Called up share capital		100	100
Profit and loss account	11	339,927	203,229
		340,027	203,329

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 October 2026.

Page 1

GAY BOWERS LTD

REGISTERED NUMBER: 09965819

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

Deborah A Norton

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

GAY BOWERS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Gay Bowers Ltd is a private limited company limited by shares and incorporated in England & Wales. Its registered office is The Annexe, Willow Cottages Gay Bowers Road, Danbury, Chelmsford, Essex, England, CM3 4JQ. The registered number of the company is 09965819.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

GAY BOWERS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

Debtors

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.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

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

Page 4

GAY BOWERS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2025 - 0).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 February 2025	239,308
	Surplus on revaluation	169,377
	At 31 January 2026	408,685

The 2026 valuations were made by external valuers, on an open market value basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2026	2025
	£	£

Historic cost

137,255

Debtors

					2026	2025
					£	£


Trade debtors	-	4,200
Other debtors	5,500	-
Prepayments and accrued income	2,308	-
	7,808	4,200

Page 5

GAY BOWERS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

6.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	5,069	2,876

Bank loans	3,019	-
Other creditors	4,821	41,600
Accruals and deferred income	2,420	1,455
	10,260	43,055

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Bank loans	3,418	-

Amounts falling due within one year
Bank loans	3,019	-
Amounts falling due 1-2 years
Bank loans	3,418	-


	6,437	-

10.	Deferred taxation

Page 6

GAY BOWERS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.Deferred taxation (continued)

		2026
		£

	Charged to profit or loss	67,857
	At end of year	67,857

The deferred taxation balance is made up as follows:
	2026	2025
	£	£

Fair value movements

67,857

11.

Reserves

Profit and loss account

The profit and loss account includes non-distributable reserves of £101,520, which relate to the unrealised gain on the revaluation of investment properties.

12.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,000 (2025 - £3,500) . Contributions totalling £Nil (2025 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 7