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REGISTERED NUMBER: 13374198 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

LOWSON HOMES LTD

LOWSON HOMES LTD (REGISTERED NUMBER: 13374198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWSON HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: A Lowde
J W Nicholson





REGISTERED OFFICE: 13 Daisy Close
Corby
Northamptonshire
NN18 8LD





REGISTERED NUMBER: 13374198 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

LOWSON HOMES LTD (REGISTERED NUMBER: 13374198)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 95,100 94,902

CURRENT ASSETS
Cash at bank 5,898 687

CREDITORS
Amounts falling due within one year 5 64,340 58,741
NET CURRENT LIABILITIES (58,442 ) (58,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,658 36,848

CREDITORS
Amounts falling due after more than one
year

6

(39,650

)

(41,754

)

PROVISIONS FOR LIABILITIES (38 ) -
NET LIABILITIES (3,030 ) (4,906 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 160 -
Retained earnings (3,290 ) (5,006 )
SHAREHOLDERS' FUNDS (3,030 ) (4,906 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

LOWSON HOMES LTD (REGISTERED NUMBER: 13374198)

BALANCE SHEET - continued
31ST MAY 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 7th February 2025 and were signed on its behalf by:




A Lowde - Director



J W Nicholson - Director


LOWSON HOMES LTD (REGISTERED NUMBER: 13374198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Lowson Homes Ltd 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern
The Director has noted the excess of liabilities over assets at the balance sheet date. The accounts have been prepared on a going concern basis. In deciding to prepare the accounts on this basis, the Director has taken account of the continued financial support he is providing to the Company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 94,902
Revaluations 198
At 31st May 2024 95,100
NET BOOK VALUE
At 31st May 2024 95,100
At 31st May 2023 94,902

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2024 198
Cost 94,902
95,100

LOWSON HOMES LTD (REGISTERED NUMBER: 13374198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,103 2,033
Taxation and social security 2 -
Other creditors 62,235 56,708
64,340 58,741

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 39,650 41,754

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 41,753 43,787

Together Commercial Finance Limited hold a fixed and floating charge over the investments properties of Lowson Homes Ltd.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100