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Registered Number: 08478916
England and Wales

 

 

 

LOWRY INVESTMENTS (NW) LIMITED


Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Daren Whitaker
Registered Number 08478916
Registered Office 1st Floor, NQ Building
47 Bengal Street
Manchester
Lancashire
M4 6BB
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
West Yorkshire
LS25 2GH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,996,594    2,215,280 
2,996,594    2,215,280 
Current assets      
Stocks 4 821,483    1,444,121 
Debtors 5 1,283,327    1,182,484 
Cash at bank and in hand 5,233    179,708 
2,110,043    2,806,313 
Creditors: amount falling due within one year 6 (4,089,344)   (4,541,987)
Net current assets (1,979,301)   (1,735,674)
 
Total assets less current liabilities 1,017,293    479,606 
Provisions for liabilities 7 (419,947)   (217,040)
Net assets 597,346    262,566 
 

Capital and reserves
     
Called up share capital 20    20 
Fair Value Reserves 8 1,259,840    925,275 
Profit and loss account (662,514)   (662,729)
Shareholders' funds 597,346    262,566 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 06 January 2025 and were signed by:


-------------------------------
Daren Whitaker
Director
2
General Information
Lowry Investments (NW) Limited is a private company, limited by shares, registered in England and Wales, registration number 08478916, registration address 1st Floor, NQ Building, 47 Bengal Street, Manchester, Lancashire, M4 6BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 May 2023 2,215,280    2,215,280 
Additions 402,857    402,857 
Disposals (395,500)   (395,500)
Revaluations 773,957    773,957 
At 30 April 2024 2,996,594    2,996,594 
Depreciation
At 01 May 2023  
Charge for year  
On disposals  
At 30 April 2024  
Net book values
Closing balance as at 30 April 2024 2,996,594    2,996,594 
Opening balance as at 01 May 2023 2,215,280    2,215,280 


4.

Stocks

2024
£
  2023
£
Stocks 821,483    1,444,121 
821,483    1,444,121 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 507,424    415,728 
Other Debtors 775,903    766,756 
1,283,327    1,182,484 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 161,280    98,095 
Taxation and Social Security 50,192    5,976 
Other Creditors 3,877,872    4,437,916 
4,089,344    4,541,987 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 419,947    217,040 
419,947    217,040 

8.

Fair Value Reserves

2024
£
  2023
£
Fair Value Reserve 334,565   
Fair Value Reserve b/fwd 925,275    925,275 
1,259,840    925,275 

3