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REGISTERED NUMBER: 02602348 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LOW MILL MANAGEMENT COMPANY LIMITED

LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


LOW MILL MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: P W Bigge





SECRETARY: Town & City Secretaries Ltd





REGISTERED OFFICE: 9 Pioneer Court
Darlington
DL1 4WD





REGISTERED NUMBER: 02602348 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)

REPORT OF THE DIRECTOR
for the Year Ended 31st March 2024

The director presents his report with the financial statements of the company for the year ended 31st March 2024.

DIRECTORS
The directors who have held office during the period from 1st April 2023 to the date of this report are as follows:

P W Bigge - appointed 18th December 2023
D Gee - resigned 18th December 2023
Mrs M Cummins - resigned 18th May 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P W Bigge - Director


25th March 2025

LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)

INCOME STATEMENT
for the Year Ended 31st March 2024

31/3/24 31/3/23
£    £   

TURNOVER 26,250 19,250

Administrative expenses 31,466 20,811
OPERATING DEFICIT (5,216 ) (1,561 )

Interest receivable and similar income 65 15
DEFICIT BEFORE TAXATION (5,151 ) (1,546 )

Tax on deficit - -
DEFICIT FOR THE FINANCIAL YEAR (5,151 ) (1,546 )

LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)

BALANCE SHEET
31st March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 4 13,601 16,949

CREDITORS
Amounts falling due within one year 5 13,601 16,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

RESERVES
- -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25th March 2025 and were signed by:





P W Bigge - Director


LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Low Mill Management Company Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is included in the financial statements as it becomes receivable.

Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purpose of making a profit.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 3,315 1,499
Bank balances held by managing agents 9,849 15,450
Prepayments 437 -
13,601 16,949

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,742 3,135
Security bonds 1,250 1,250
Service charge surplus 7,413 12,564
Accrued expenses 1,196 -
13,601 16,949

LOW MILL MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02602348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

6. RESERVES
Income
and
expenditure
account
£   

Deficit for the year (5,151 )
Transfer to/from service
charge fund 5,151
At 31st March 2024 -