REGISTERED NUMBER: 01198371 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Towerlodge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Wait

Ms C B Wait

SECRETARY:

S D Wait

REGISTERED OFFICE:

Rayleigh House Chapel Lane

Westcott

Dorking

Surrey

RH4 3PJ

REGISTERED NUMBER:

01198371 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Tangible assets

4

21,327

21,327

Investments

5

20,200

20,200

41,527

41,527

CURRENT ASSETS

Stocks

-

100

Debtors

6

1,030,939

1,408,607

Cash at bank

355,939

557,604

1,386,878

1,966,311

CREDITORS

Amounts falling due within one year

7

1,059,132

1,052,397

NET CURRENT ASSETS

327,746

913,914

TOTAL ASSETS LESS CURRENT LIABILITIES

369,273

955,441

CAPITAL AND RESERVES

Called up share capital

8

68

100

Retained earnings

369,205

955,341

SHAREHOLDERS' FUNDS

369,273

955,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Ms C B Wait - Director

1.	STATUTORY INFORMATION

Towerlodge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment

-

Fully depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

Investments in subsidiaries

Investments in subsidiary companies are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals are recognised in the profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 May 2024

21,327

4,888

26,215

Disposals

-

(4,888

)

(4,888

)

At 30 April 2025

21,327

-

21,327

DEPRECIATION

At 1 May 2024

-

4,888

4,888

Eliminated on disposal

-

(4,888

)

(4,888

)

At 30 April 2025

-

-

-

NET BOOK VALUE

At 30 April 2025

21,327

-

21,327

At 30 April 2024

21,327

-

21,327

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

20,200

NET BOOK VALUE

At 30 April 2025

20,200

At 30 April 2024

20,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Amounts owed by group undertakings

1,029,658

1,408,110

VAT

1,281

497

1,030,939

1,408,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

3,759

-

Amounts owed to group undertakings

1,043,446

1,050,447

Accruals and deferred income

11,927

1,950

1,059,132

1,052,397

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

68

Ordinary

£1

68

100

9.	RELATED PARTY TRANSACTIONS

During the year, the company repurchased 32 ordinary shares from a related party for £562,919. The transaction was approved by members and funded from distributable reserves. No further obligations remain outstanding.