Bowers Promotions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09379624 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Bowers Promotions Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

196,004

196,159

196,004

196,159

CURRENT ASSETS

Debtors

7

230,675

386,573

Cash in hand

100

100

230,775

386,673

CREDITORS

Amounts falling due within one year

8

425,648

441,207

NET CURRENT LIABILITIES

(194,873

)

(54,534

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131

141,625

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,031

141,525

SHAREHOLDERS' FUNDS

1,131

141,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th December 2022 and were signed on its behalf by:

Ms K Bowers - Director

1.	STATUTORY INFORMATION

Bowers Promotions 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:

09379624

Registered office:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Revenue from the sale of boxing event is recognised at the point at which the goods have been delivered to the customer.

Revenue from the sale of rental services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

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 balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2021

and 31st March 2022

1,162

DEPRECIATION

At 1st April 2021

and 31st March 2022

1,162

NET BOOK VALUE

At 31st March 2022

-

At 31st March 2021

-

6.	FIXED ASSET INVESTMENTS

The balance held within Fixed Asset Investment represents the LLP’s capital account outstanding as at the balance sheet date in RDM Environmental Solutions LLP, Dalwood LLP and Assets and Investments LLP.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Intercompany

230,675

386,573

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Intercompany

401,997

409,176

Tax

16,920

25,300

Directors' current accounts

4,931

4,931

Accrued expenses

1,800

1,800

425,648

441,207

9.	RELATED PARTY DISCLOSURES

During the year under review, the company has been a corporate partner in RDM Environmental Solutions LLP, Dalwood Investments LLP and Assets and Investments LLP. As at the balance sheet date, the fixed asset investment of £109,131 (2021: £109,286) is made up of £50,652 (2021: £50,807) in RDM Environmental Solutions LLP, £14,632 (2020: £14,632) in Dalwood Investments LLP, £43,847 (2021: £43,847) in Assets and Investments LLP.