2023-08-012024-07-312024-07-31false10260721LOWE MANAGEMENT LIMITED2024-11-0768320iso4217:GBPxbrli:pure102607212023-08-01102607212024-07-31102607212023-08-012024-07-31102607212022-08-01102607212023-07-31102607212022-08-012023-07-3110260721bus:SmallEntities2023-08-012024-07-3110260721bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3110260721bus:FullAccounts2023-08-012024-07-3110260721bus:PrivateLimitedCompanyLtd2023-08-012024-07-3110260721core:WithinOneYear2024-07-3110260721core:AfterOneYear2024-07-3110260721core:WithinOneYear2023-07-3110260721core:AfterOneYear2023-07-3110260721core:ShareCapital2024-07-3110260721core:SharePremium2024-07-3110260721core:RevaluationReserve2024-07-3110260721core:OtherReservesSubtotal2024-07-3110260721core:RetainedEarningsAccumulatedLosses2024-07-3110260721core:ShareCapital2023-07-3110260721core:SharePremium2023-07-3110260721core:RevaluationReserve2023-07-3110260721core:OtherReservesSubtotal2023-07-3110260721core:RetainedEarningsAccumulatedLosses2023-07-3110260721core:LandBuildings2024-07-3110260721core:PlantMachinery2024-07-3110260721core:Vehicles2024-07-3110260721core:FurnitureFittings2024-07-3110260721core:OfficeEquipment2024-07-3110260721core:NetGoodwill2024-07-3110260721core:IntangibleAssetsOtherThanGoodwill2024-07-3110260721core:ListedExchangeTraded2024-07-3110260721core:UnlistedNon-exchangeTraded2024-07-3110260721core:LandBuildings2023-07-3110260721core:PlantMachinery2023-07-3110260721core:Vehicles2023-07-3110260721core:FurnitureFittings2023-07-3110260721core:OfficeEquipment2023-07-3110260721core:NetGoodwill2023-07-3110260721core:IntangibleAssetsOtherThanGoodwill2023-07-3110260721core:ListedExchangeTraded2023-07-3110260721core:UnlistedNon-exchangeTraded2023-07-3110260721core:LandBuildings2023-08-012024-07-3110260721core:PlantMachinery2023-08-012024-07-3110260721core:Vehicles2023-08-012024-07-3110260721core:FurnitureFittings2023-08-012024-07-3110260721core:OfficeEquipment2023-08-012024-07-3110260721core:NetGoodwill2023-08-012024-07-3110260721core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3110260721core:ListedExchangeTraded2023-08-012024-07-3110260721core:UnlistedNon-exchangeTraded2023-08-012024-07-3110260721core:MoreThanFiveYears2023-08-012024-07-3110260721core:Non-currentFinancialInstruments2024-07-3110260721core:Non-currentFinancialInstruments2023-07-3110260721dpl:CostSales2023-08-012024-07-3110260721dpl:DistributionCosts2023-08-012024-07-3110260721core:LandBuildings2023-08-012024-07-3110260721core:PlantMachinery2023-08-012024-07-3110260721core:Vehicles2023-08-012024-07-3110260721core:FurnitureFittings2023-08-012024-07-3110260721core:OfficeEquipment2023-08-012024-07-3110260721dpl:AdministrativeExpenses2023-08-012024-07-3110260721core:NetGoodwill2023-08-012024-07-3110260721core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3110260721dpl:GroupUndertakings2023-08-012024-07-3110260721dpl:ParticipatingInterests2023-08-012024-07-3110260721dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3110260721core:ListedExchangeTraded2023-08-012024-07-3110260721dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3110260721core:UnlistedNon-exchangeTraded2023-08-012024-07-3110260721dpl:CostSales2022-08-012023-07-3110260721dpl:DistributionCosts2022-08-012023-07-3110260721core:LandBuildings2022-08-012023-07-3110260721core:PlantMachinery2022-08-012023-07-3110260721core:Vehicles2022-08-012023-07-3110260721core:FurnitureFittings2022-08-012023-07-3110260721core:OfficeEquipment2022-08-012023-07-3110260721dpl:AdministrativeExpenses2022-08-012023-07-3110260721core:NetGoodwill2022-08-012023-07-3110260721core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3110260721dpl:GroupUndertakings2022-08-012023-07-3110260721dpl:ParticipatingInterests2022-08-012023-07-3110260721dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3110260721core:ListedExchangeTraded2022-08-012023-07-3110260721dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3110260721core:UnlistedNon-exchangeTraded2022-08-012023-07-3110260721core:NetGoodwill2024-07-3110260721core:IntangibleAssetsOtherThanGoodwill2024-07-3110260721core:LandBuildings2024-07-3110260721core:PlantMachinery2024-07-3110260721core:Vehicles2024-07-3110260721core:FurnitureFittings2024-07-3110260721core:OfficeEquipment2024-07-3110260721core:AfterOneYear2024-07-3110260721core:WithinOneYear2024-07-3110260721core:ListedExchangeTraded2024-07-3110260721core:UnlistedNon-exchangeTraded2024-07-3110260721core:ShareCapital2024-07-3110260721core:SharePremium2024-07-3110260721core:RevaluationReserve2024-07-3110260721core:OtherReservesSubtotal2024-07-3110260721core:RetainedEarningsAccumulatedLosses2024-07-3110260721core:NetGoodwill2023-07-3110260721core:IntangibleAssetsOtherThanGoodwill2023-07-3110260721core:LandBuildings2023-07-3110260721core:PlantMachinery2023-07-3110260721core:Vehicles2023-07-3110260721core:FurnitureFittings2023-07-3110260721core:OfficeEquipment2023-07-3110260721core:AfterOneYear2023-07-3110260721core:WithinOneYear2023-07-3110260721core:Liste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LOWE MANAGEMENT LIMITED

Registered Number
10260721
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

LOWE MANAGEMENT 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

10260721 (England and Wales)
LOWE MANAGEMENT LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets358,09024,711
58,09024,711
Current assets
Debtors4333,096624,962
Cash at bank and on hand967,832638,417
1,300,9281,263,379
Creditors amounts falling due within one year5(783,626)(692,461)
Net current assets (liabilities)517,302570,918
Total assets less current liabilities575,392595,629
Creditors amounts falling due after one year6(539,249)(565,523)
Net assets36,14330,106
Capital and reserves
Called up share capital101101
Profit and loss account36,04230,005
Shareholders' funds36,14330,106
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. 10260721
LOWE MANAGEMENT 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, he continues to adopt the going concern basis in preparing the financial statements.
Revenue from rendering of services
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £139,002 (2023: £136,135). Contributions totalling £5,797 (2023: £3,219) were payable to the funds at the balance sheet date.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. 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
Vehicles4
Office Equipment4
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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 year2119
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 August 2328,21515,96918,20762,391
Additions36,6402,12411,31850,082
At 31 July 2464,85518,09329,525112,473
Depreciation and impairment
At 01 August 236,20314,35717,12037,680
Charge for year11,5041,1504,04916,703
At 31 July 2417,70715,50721,16954,383
Net book value
At 31 July 2447,1482,5868,35658,090
At 31 July 2322,0121,6121,08724,711
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables161,071144,737
Amounts owed by group undertakings1,142331,530
Other debtors37,73267,412
Prepayments and accrued income133,15181,283
Total333,096624,962
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables312,75198,818
Amounts owed to related parties65,892-
Taxation and social security177,899353,510
Other creditors218,649226,873
Accrued liabilities and deferred income8,43513,260
Total783,626692,461
Amounts owed to related parties are unsecured, interest free and due for repayment within one year..
6.Creditors: amounts due after one year

2024

2023

££
Other creditors539,249565,523
Total539,249565,523
Creditors falling due after more than one year are unsecured.
7.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.
8.Controlling party
The ultimate controlling parties of the Company are Timothy Lowe and Poppy Lowe.
9.Parent-subsidiary relationships
The immediate parent of the Company is Lazy Pool Holdings Limited. Its registered office is 93 Hayter Road, Loan,SW2 5AD.