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Registered Number: 10786933
England and Wales

 

 

 

LOW INVESTMENTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,464,675    1,173,674 
1,464,675    1,173,674 
Current assets      
Debtors 4 1,083    2,513 
Cash at bank and in hand 16,685    12,103 
17,768    14,616 
Creditors: amount falling due within one year 5 (68,668)   (239,015)
Net current assets (50,900)   (224,399)
 
Total assets less current liabilities 1,413,775    949,275 
Creditors: amount falling due after more than one year 6 (1,109,234)   (964,898)
Accruals and deferred income (1,473)   (1,105)
Net assets 303,068    (16,728)
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 302,068    (17,728)
Shareholders' funds 303,068    (16,728)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 board of directors on 20 January 2025 and were signed on its behalf by:


-------------------------------
Chooi Hong Eu
Director
1
General Information
Low Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10786933, registration address 58 Durham Road, Birtley, Chester Le Street, DH32QJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under going concern and 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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 June 2023 1,173,207    935    1,174,142 
Additions    
Disposals    
Revaluations 291,235      291,235 
At 31 May 2024 1,464,442    935    1,465,377 
Depreciation
At 01 June 2023   468    468 
Charge for year   234    234 
On disposals    
At 31 May 2024   702    702 
Net book values
Closing balance as at 31 May 2024 1,464,442    233    1,464,675 
Opening balance as at 01 June 2023 1,173,207    467    1,173,674 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,083    2,513 
1,083    2,513 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 2,500    2,600 
Corporation Tax 5,816   
Accrued Expenses 864    990 
Other Creditors 9,488    8,318 
Directors' Current Accounts 50,000    227,107 
68,668    239,015 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 959,287    959,698 
Bounce Back Loan- Over 12 Months 2,534    5,200 
Directors' Loan Accounts 147,413   
1,109,234    964,898 

7.

Disclosure of controlling party

For the whole of the period under review the company was under the control of Ms Chooi Hong Eu, director of the company.

8.

Directors advances, credits and guarantees

Included in creditors: amounts due within one year, are amounts owed to the Directors of £50,000 (2023 - £227,107)

2