IRIS Accounts Production v24.2.0.383 04714578 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047145782022-12-31047145782023-12-31047145782023-01-012023-12-31047145782021-12-31047145782022-01-012022-12-31047145782022-12-3104714578ns15:EnglandWales2023-01-012023-12-3104714578ns14:PoundSterling2023-01-012023-12-3104714578ns10:Director12023-01-012023-12-3104714578ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104714578ns10:SmallEntities2023-01-012023-12-3104714578ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104714578ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104714578ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104714578ns10:FullAccounts2023-01-012023-12-3104714578ns10:RegisteredOffice2023-01-012023-12-3104714578ns5:CurrentFinancialInstruments2023-12-3104714578ns5:CurrentFinancialInstruments2022-12-3104714578ns5:Non-currentFinancialInstruments2023-12-3104714578ns5:Non-currentFinancialInstruments2022-12-3104714578ns5:ShareCapital2023-12-3104714578ns5:ShareCapital2022-12-3104714578ns5:RetainedEarningsAccumulatedLosses2023-12-3104714578ns5:RetainedEarningsAccumulatedLosses2022-12-31
REGISTERED NUMBER: 04714578 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lowtown Properties Limited

Lowtown Properties Limited (Registered number: 04714578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lowtown Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: W Y Ho





REGISTERED OFFICE: 386 Dewsbury Road
Beeston
Leeds
West Yorkshire
LS11 7JX





REGISTERED NUMBER: 04714578 (England and Wales)





ACCOUNTANTS: Woodhouse
25 Netherwood Road
Manchester
M22 4BW

Lowtown Properties Limited (Registered number: 04714578)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 161,600 161,600

CURRENT ASSETS
Cash at bank 23,509 16,090

CREDITORS
Amounts falling due within one year 5 10,123 7,056
NET CURRENT ASSETS 13,386 9,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,986

170,634

CREDITORS
Amounts falling due after more than one
year

6

94,304

99,758
NET ASSETS 80,682 70,876

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 80,680 70,874
80,682 70,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:



W Y Ho - Director


Lowtown Properties Limited (Registered number: 04714578)

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

1. STATUTORY INFORMATION

Lowtown Properties 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 161,600
NET BOOK VALUE
At 31 December 2023 161,600
At 31 December 2022 161,600

Lowtown Properties Limited (Registered number: 04714578)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 481 632
Taxation and social security 2,389 (829 )
Other creditors 7,253 7,253
10,123 7,056

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 94,304 99,758