Company Registration No. 11302183 (England and Wales)
LOWE PROPERTY LTD
Unaudited accounts
for the year ended 30 April 2023
LOWE PROPERTY LTD
Unaudited accounts
Contents
LOWE PROPERTY LTD
Statement of financial position
as at 30 April 2023
Tangible assets
975,047
798,629
Cash at bank and in hand
22,135
10,113
Creditors: amounts falling due within one year
(23,517)
(3,272)
Net current (liabilities)/assets
(1,382)
6,841
Total assets less current liabilities
973,665
805,470
Creditors: amounts falling due after more than one year
(960,914)
(805,131)
Called up share capital
1
1
Profit and loss account
12,750
338
Shareholders' funds
12,751
339
For the year ending 30 April 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2024 and were signed on its behalf by
Helen Mary Lowe
Director
Company Registration No. 11302183
LOWE PROPERTY LTD
Notes to the Accounts
for the year ended 30 April 2023
LOWE PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 11302183. The registered office is 22E MONTPELIER ROW, LONDON, SE3 0RL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,380
311
Loans from directors
6,775
2,611
LOWE PROPERTY LTD
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
677,358
546,682
Loans from directors
283,556
258,449
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
