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REGISTERED NUMBER: 09515198 (England and Wales)















Low Pressure Developments Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Low Pressure Developments Limited (Registered number: 09515198)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Low Pressure Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D D Seaton





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





BUSINESS ADDRESS: 13a - 15a Old Park Avenue
Exeter
Devon
EX1 3WD





REGISTERED NUMBER: 09515198 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
1A Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW

Low Pressure Developments Limited (Registered number: 09515198)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 881 564
Investments 6 3,645 45
4,526 609

CURRENT ASSETS
Debtors 7 47,147 4,657
Cash at bank 771,832 371,893
818,979 376,550
CREDITORS
Amounts falling due within one year 8 (141,602 ) (28,889 )
NET CURRENT ASSETS 677,377 347,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,903

348,270

PROVISIONS FOR LIABILITIES (169 ) (107 )
NET ASSETS 681,734 348,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 681,634 348,063
SHAREHOLDERS' FUNDS 681,734 348,163

Low Pressure Developments Limited (Registered number: 09515198)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





D D Seaton - Director


Low Pressure Developments Limited (Registered number: 09515198)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Low Pressure Developments 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. 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.

Turnover
Turnover represents amounts chargeable in respect of the provision of services to customers falling within the company's ordinary activities.

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 - 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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.

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.


Low Pressure Developments Limited (Registered number: 09515198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 589
Additions 474
At 31 March 2023 1,063
DEPRECIATION
At 1 April 2022 25
Charge for year 157
At 31 March 2023 182
NET BOOK VALUE
At 31 March 2023 881
At 31 March 2022 564

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 45
Additions 3,600
At 31 March 2023 3,645
NET BOOK VALUE
At 31 March 2023 3,645
At 31 March 2022 45

Low Pressure Developments Limited (Registered number: 09515198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,075 2,075
Directors' current accounts 45,072 -
Prepayments - 2,582
47,147 4,657

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 19
Tax 54,713 16,675
VAT 7,395 11,338
Other creditors 78,600 -
Directors' current accounts - 22
Accrued expenses 894 835
141,602 28,889

9. RELATED PARTY DISCLOSURES

During the year, a director had a director current account with the company. At the balance sheet
date the amount due to the company is £45,072 (2022: (£22)). This was repaid in full within 9
months of the year end.

A company in which it owns 33% of the issued share capital.

An inter company loan exists and at the balance sheet date the amount due from the related party was £2,075 (2022 - £2,075). No interest is charged on this account and it is repayable in within one year.


A company in which it owns 20% of the issued share capital.

An inter company loan exists and at the balance sheet date the amount due to the related party was £75,000 (2022 - £Nil). No interest is charged on this account and it is repayable in within one year.