Company registration number 08874312 (England and Wales)
LOWDAN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
LOWDAN HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr A J Lowe
Mrs R Lowe
Secretary
Mrs R Lowe
Company number
08874312
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
9-11 Poplar Road
Solihull
West Midlands
B91 3AN
LOWDAN HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
LOWDAN HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LOWDAN HOLDINGS LIMITED FOR THE PERIOD ENDED 31 JULY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lowdan Holdings Limited for the period ended 31 July 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Lowdan Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lowdan Holdings Limited and state those matters that we have agreed to state to the board of directors of Lowdan Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lowdan Holdings Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Lowdan Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lowdan Holdings Limited. You consider that Lowdan Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lowdan Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
10 October 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LOWDAN HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 2 -
31 July 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
635,245
Investments
4
-
0
639,306
-
0
1,274,551
Current assets
Debtors
5
1,471,996
773,016
Cash at bank and in hand
80,918
13,940
1,552,914
786,956
Creditors: amounts falling due within one year
6
(83,059)
(323,101)
Net current assets
1,469,855
463,855
Total assets less current liabilities
1,469,855
1,738,406
Creditors: amounts falling due after more than one year
7
-
0
(1,242,975)
Net assets
1,469,855
495,431
Capital and reserves
Called up share capital
9
300
300
Profit and loss reserves
1,469,555
495,131
Total equity
1,469,855
495,431

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LOWDAN HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 10 October 2024 and are signed on its behalf by:
Mr A J Lowe
Director
Company registration number 08874312 (England and Wales)
LOWDAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information

Lowdan Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
Nil

No depreciation is provided on freehold property. This treatment may be a departure from the requirements of Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of cost. 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

LOWDAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold property
£
Cost
At 1 April 2023
635,245
Additions
104,265
Disposals
(739,510)
At 31 July 2024
-
0
Depreciation and impairment
At 1 April 2023 and 31 July 2024
-
0
Carrying amount
At 31 July 2024
-
0
At 31 March 2023
635,245
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
-
0
639,306
LOWDAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023
639,306
Disposals
(532,826)
At 31 July 2024
106,480
Impairment
At 1 April 2023
-
Impairment losses
106,480
At 31 July 2024
106,480
Carrying amount
At 31 July 2024
-
At 31 March 2023
639,306
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
2,500
Amounts owed by group undertakings
-
0
770,516
Other debtors
1,471,996
-
0
1,471,996
773,016
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
36,468
Trade creditors
-
0
150
Amounts owed to group undertakings
-
0
16,000
Other creditors
83,059
270,483
83,059
323,101
LOWDAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
1,242,975
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
-
1,279,443

Bank loans are secured by way of a fixed and floating charge over all assets of Lowdan Holdings Limited and all asset debentures of the subsidiary undertakings: Mereside Farm Childrens Nursery Limited and Park Grove Private School Limited.

LOWDAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 8 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
100
100
100
100
Ordinary C of £1 each
100
100
100
100
300
300
300
300
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Loan accounts
2.25
-
1,470,617
1,379
1,471,996
-
1,470,617
1,379
1,471,996

The directors' loans were repaid within nine months of the period end.

12
Ultimate controlling party

The ultimate controlling party is Mr A J Lowe and Mrs R Lowe.

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