2023-08-012024-07-312024-07-31true12590001LOWE WORKS 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LOWE WORKS LIMITED

Registered Number
12590001
(England and Wales)

Unaudited Dormant Financial Statements for the Year ended
31 July 2024

LOWE WORKS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

P Lowe
T Lowe

Registered Address

Raleigh Hall
Saltoun Road
London
SW2 1EN

Registered Number

12590001 (England and Wales)
LOWE WORKS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311
11
Current assets
Debtors244
Cash at bank and on hand1,2181,668
1,2421,672
Creditors amounts falling due within one year4(1,142)(1,572)
Net current assets (liabilities)100100
Total assets less current liabilities101101
Net assets101101
Capital and reserves
Called up share capital100100
Profit and loss account11
Shareholders' funds101101
The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2024, and are signed on its behalf by:
P Lowe
Director
Registered Company No. 12590001
LOWE WORKS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).
Statement of compliance
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets and depreciation
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.Average number of employees
The average number of employees include directors.

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 August 2311
At 31 July 2411
Net book value
At 31 July 2411
At 31 July 2311
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties1,1421,572
Total1,1421,572
5.Related party transactions
The Company has taken advantage of the exemption provided under FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.
6.Controlling party
The ultimate controlling parties of the Company are Timothy Lowe and Poppy Lowe.
7.Parent-subsidiary relationships
The immediate parent of the Company is Lazy Pool Holdings Limited. Its registered office is 93 Hayter Road, London, SW2 5AD.