Company No: 13659383 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Julian Harvey
	Mrs Helen Harvey

REGISTERED OFFICE	Roselyn The Bowjey Hill
	Newlyn
	Penzance
	TR18 5LN
	England
	United Kingdom

COMPANY NUMBER

13659383 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Lowin House
	Tregolls Road
	Truro
	Cornwall TR1 2NA

	Note	31.10.2023		31.10.2022
		£		£
Fixed assets
Tangible assets	3	2,039		2,578
Investment property		863,234		863,234
		865,273		865,812
Current assets
Debtors	4	6,777		0
Cash at bank and in hand		25,099		1,630
		31,876		1,630
Creditors: amounts falling due within one year	5	( 265,576)		( 253,466)
Net current liabilities		(233,700)		(251,836)
Total assets less current liabilities		631,573		613,976
Creditors: amounts falling due after more than one year	6	( 610,313)		( 609,872)
Net assets		21,260		4,104
Capital and reserves
Called-up share capital	7	12		12
Profit and loss account		21,248		4,092
Total shareholders' funds		21,260		4,104

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lowen Trevow Ltd (registered number: 13659383) were approved and authorised for issue by the Board of Directors on 14 March 2024. They were signed on its behalf by:

Mr Julian Harvey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Lowen Trevow Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Roselyn The Bowjey Hill, Newlyn, Penzance, TR18 5LN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 31.10.2023		Period from 04.10.2021 to 31.10.2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2022	2,696		2,696
At 31 October 2023	2,696		2,696
Accumulated depreciation
At 01 November 2022	118		118
Charge for the financial year	539		539
At 31 October 2023	657		657
Net book value
At 31 October 2023	2,039		2,039
At 31 October 2022	2,578		2,578

4. Debtors

	31.10.2023		31.10.2022
	£		£
Other debtors	6,777		0

5. Creditors: amounts falling due within one year

	31.10.2023		31.10.2022
	£		£
Taxation and social security	4,151		990
Other creditors	261,425		252,476
	265,576		253,466

6. Creditors: amounts falling due after more than one year

	31.10.2023		31.10.2022
	£		£
Bank loans	610,313		609,872

7. Called-up share capital

	31.10.2023		31.10.2022
	£		£
Allotted, called-up and fully-paid
12 Ordinary shares of £ 1.00 each	12		12