0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 233,367 233,367 233,367 xbrli:pure xbrli:shares iso4217:GBP 13120172 2022-02-01 2023-01-31 13120172 2023-01-31 13120172 2022-01-31 13120172 bus:Director1 2022-02-01 2023-01-31 13120172 bus:Director2 2022-02-01 2023-01-31 13120172 core:WithinOneYear 2023-01-31 13120172 core:WithinOneYear 2022-01-31 13120172 core:ShareCapital 2023-01-31 13120172 core:ShareCapital 2022-01-31 13120172 core:RetainedEarningsAccumulatedLosses 2023-01-31 13120172 core:RetainedEarningsAccumulatedLosses 2022-01-31 13120172 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 13120172 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 13120172 bus:SmallEntities 2022-02-01 2023-01-31 13120172 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13120172 bus:FullAccounts 2022-02-01 2023-01-31 13120172 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 13120172 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 13120172
Lowell and Hunter Limited
Filleted Unaudited Financial Statements
31 January 2023
Lowell and Hunter Limited
Financial Statements
Year ended 31 January 2023
Contents
Pages
Balance sheet
1
Notes to the financial statements
2 to 3
Lowell and Hunter Limited
Balance Sheet
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
233,367
233,367
Current assets
Cash at bank and in hand
19,817
11,187
Creditors: amounts falling due within one year
5
248,798
242,451
---------
---------
Net current liabilities
228,981
231,264
---------
---------
Total assets less current liabilities
4,386
2,103
-------
-------
Net assets
4,386
2,103
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,286
2,003
-------
-------
Shareholders funds
4,386
2,103
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 October 2023 , and are signed on behalf of the board by:
Miss J Lowell
Mr K M Hunter
Director
Director
Company registration number: 13120172
Lowell and Hunter Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 King Street, Newcastle-under-Lyme, Staffordshire, ST5 1ER. The company registration number is 13120172 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
The turnover shown in the profit and loss accounts represents amounts invoiced for rents due during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are include din the profit and loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an ongoing basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
4. Tangible assets
Land and buildings
£
Cost
At 1 February 2022 and 31 January 2023
233,367
---------
Depreciation
At 1 February 2022 and 31 January 2023
---------
Carrying amount
At 31 January 2023
233,367
---------
At 31 January 2022
233,367
---------
Included within the above is investment property as follows:
£
---------
At 1 February 2022 and 31 January 2023
233,367
---------
The investment properties were purchased during the previous year and fair value as at 31 January 2023 has been assessed by the directors to be equivalent to cost.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,971
1,731
Other creditors
246,827
240,720
---------
---------
248,798
242,451
---------
---------
6. Employee numbers
The average number of persons employed by the company during the year amounted to nil (2022: nil)