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REGISTERED NUMBER: 01475649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LOWESMOOR WHARF DEVELOPMENTS LIMITED

LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWESMOOR WHARF DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: S Harrison
Mrs M V Harrison
S Harrison Jnr





SECRETARY: S Harrison





REGISTERED OFFICE: 75 The Porthouse
Lowesmoor
Worcester
WR1 2RS





REGISTERED NUMBER: 01475649 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

BALANCE SHEET
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,552 3,485

CURRENT ASSETS
Stocks 5 3,583,603 3,583,603
Debtors 6 2,896,245 2,850,273
Cash at bank 25,963 30,919
6,505,811 6,464,795
CREDITORS
Amounts falling due within one year 7 4,513,482 4,482,961
NET CURRENT ASSETS 1,992,329 1,981,834
TOTAL ASSETS LESS CURRENT LIABILITIES 1,994,881 1,985,319

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,994,781 1,985,219
1,994,881 1,985,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

BALANCE SHEET - continued
31st March 2024


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 Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





S Harrison Jnr - Director


LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Lowesmoor Wharf 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 (2023 - NIL).

LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 25,560 4,675 55,627 85,862
DEPRECIATION
At 1st April 2023 23,294 4,674 54,409 82,377
Charge for year 324 - 609 933
At 31st March 2024 23,618 4,674 55,018 83,310
NET BOOK VALUE
At 31st March 2024 1,942 1 609 2,552
At 31st March 2023 2,266 1 1,218 3,485

5. STOCKS
31/3/24 31/3/23
£    £   
Work-in-progress 3,583,603 3,583,603

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 58,585 39,767
Amounts owed by group undertakings 2,837,660 2,810,506
2,896,245 2,850,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 3,358,812 3,167,553
Trade creditors 93,645 43,435
Amounts owed to group undertakings 286,134 307,032
Taxation and social security 29,593 67,560
Other creditors 745,298 897,381
4,513,482 4,482,961

LOWESMOOR WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01475649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


8. RELATED PARTY DISCLOSURES

At the 31 March 2024, the company owed £391,899 (2023: £542,257) to Mr S Harrison, Director. This balance is unsecured, interest-free and repayable on demand.

At 31 March 2024, the company was owed £15,100 (2023: £9,100) from Lowesmoor Regeneration Limited, £2,391,202 (2023: £2,373,175) by Marsten Developments Worcester Limited, £42,665 (2023: £3,935) by Norton Parkway Developments Limited, £353,855 (2023: £363,850) by Sherriff's Gate Limited, £11,730 (2023: £8,330) by Sherriff's Gate Developments Limited, and £23,108 (2023: £23,108) by Stenergy Worcester Limited. These are balances with connected companies by virtue of common directors, and all balances are unsecured, interest free and repayable on demand.

At 31 March 2024, the company owed £56,470 (2023: £71,217) to Harrison Worcester LLP, and £229,664 (2023: £206,807) to Elgar Properties Worcs. Limited. Both are connected companies by virtue of common directors, and all balances are unsecured, interest free and repayable on demand.