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REGISTERED NUMBER: 13897163 (England and Wales)















Lowen Estates Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Lowen Estates Limited (Registered number: 13897163)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lowen Estates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr G R Newton
Ms S A Newton





REGISTERED OFFICE: Suite One
Lowen House
Sandy Lane
Kingswood
Surrey
KT20 6ND





REGISTERED NUMBER: 13897163 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Lowen Estates Limited (Registered number: 13897163)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 700,000

CURRENT ASSETS
Debtors 5 18,124 1,248
Cash at bank 74,481 53,005
92,605 54,253
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

649,601

645,027
NET CURRENT LIABILITIES (556,996 ) (590,774 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,004

109,226

PROVISIONS FOR LIABILITIES 33,129 20,629
NET ASSETS 159,875 88,597

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 99,386 61,886
Retained earnings 60,389 26,611
159,875 88,597

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

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

Lowen Estates Limited (Registered number: 13897163)

Balance Sheet - continued
31 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 27 February 2025 and were signed on its behalf by:





Mr G R Newton - Director


Lowen Estates Limited (Registered number: 13897163)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lowen Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Revenue recognition
Revenue represents rent receivable from tenants and is recognised on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lowen Estates Limited (Registered number: 13897163)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 700,000
Revaluations 50,000
At 31 May 2024 750,000
NET BOOK VALUE
At 31 May 2024 750,000
At 31 May 2023 700,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 82,515
Valuation in 2024 50,000
Cost 617,485
750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,539 -
Other debtors 1,585 1,248
18,124 1,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 900 1,323
Taxation and social security 9,628 6,381
Other creditors 639,073 637,323
649,601 645,027

Lowen Estates Limited (Registered number: 13897163)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number Class Nominal value £
25 Ordinary A shares 1 25
25 Ordinary B shares 1 25
25 Ordinary C shares 1 25
25 Ordinary D shares 1 25
100

8. RESERVES
Fair
value
reserve
£   
At 1 June 2023 61,886
Transfer of fair value gain 50,000
Recognition of deferred tax (12,500 )

At 31 May 2024 99,386

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced £621 (2023 - £224) to the directors and £nil (2023 - £632) was repaid. At the year end the balance due from the directors was £213 (2023 - £408 was owed to the directors).This loan is interest free, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

At the balance sheet date Lowen Estates Limited owed £625,974 (2023 - £624,117) to a company with similar directors.