Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-01falseNo description of principal activity1true2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00864414 2024-01-01 2024-12-31 00864414 2023-01-01 2023-12-31 00864414 2024-12-31 00864414 2023-12-31 00864414 2023-01-01 00864414 c:CompanySecretary1 2024-01-01 2024-12-31 00864414 c:Director3 2024-01-01 2024-12-31 00864414 c:RegisteredOffice 2024-01-01 2024-12-31 00864414 d:FurnitureFittings 2024-01-01 2024-12-31 00864414 d:FurnitureFittings 2024-12-31 00864414 d:FurnitureFittings 2023-12-31 00864414 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00864414 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00864414 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00864414 d:ShareCapital 2024-01-01 2024-12-31 00864414 d:ShareCapital 2024-12-31 00864414 d:ShareCapital 2023-01-01 2023-12-31 00864414 d:ShareCapital 2023-12-31 00864414 d:ShareCapital 2023-01-01 00864414 d:CapitalRedemptionReserve 2024-01-01 2024-12-31 00864414 d:CapitalRedemptionReserve 2024-12-31 00864414 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 00864414 d:CapitalRedemptionReserve 2023-12-31 00864414 d:CapitalRedemptionReserve 2023-01-01 00864414 d:OtherMiscellaneousReserve 2024-12-31 00864414 d:OtherMiscellaneousReserve 2023-12-31 00864414 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00864414 d:RetainedEarningsAccumulatedLosses 2024-12-31 00864414 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00864414 d:RetainedEarningsAccumulatedLosses 2023-12-31 00864414 d:RetainedEarningsAccumulatedLosses 2023-01-01 00864414 c:OrdinaryShareClass1 2024-01-01 2024-12-31 00864414 c:OrdinaryShareClass1 2024-12-31 00864414 c:OrdinaryShareClass1 2023-12-31 00864414 c:FRS102 2024-01-01 2024-12-31 00864414 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00864414 c:AbridgedAccounts 2024-01-01 2024-12-31 00864414 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00864414 2 2024-01-01 2024-12-31 00864414 6 2024-01-01 2024-12-31 00864414 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00864414










J D LOWE (PROPERTIES) LTD

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 December 2024

 
J D LOWE (PROPERTIES) LTD
 

Company Information


Director
Peter William Lowe 




Company secretary
Peter William Lowe



Registered number
00864414



Registered office
622 Abbeydale Road

Sheffield

S7 2BA





 
J D LOWE (PROPERTIES) LTD
Registered number: 00864414

Balance sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
438
584

Investments
  
441,174
442,662

  
441,612
443,246

Current assets
  

Debtors
  
67,467
97,451

Cash at bank and in hand
  
5,448
59,580

  
72,915
157,031

Creditors: amounts falling due within one year
  
(29,107)
(50,443)

Net current assets
  
 
 
43,808
 
 
106,588

Total assets less current liabilities
  
485,420
549,834

Provisions for liabilities
  
(72,274)
(72,274)

Net assets
  
413,146
477,560


Capital and reserves
  

Called up share capital 
 6 
742
871

Capital redemption reserve
  
258
129

Profit and loss account
 7 
412,146
476,560

  
413,146
477,560


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 August 2025.


Peter William Lowe
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
J D LOWE (PROPERTIES) LTD
Registered number: 00864414

Balance sheet (continued)
As at 31 December 2024


Page 2

 
J D LOWE (PROPERTIES) LTD
 

Statement of changes in equity
For the year ended 31 December 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2024
871
129
476,560
477,560


Comprehensive income for the year

Profit for the year

-
-
7,011
7,011


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
7,011
7,011


Contributions by and distributions to owners

Purchase of own shares
-
129
(71,425)
(71,296)

Shares cancelled during the year
(129)
-
-
(129)


Total transactions with owners
(129)
129
(71,425)
(71,425)


At 31 December 2024
742
258
412,146
413,146



Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
1,000
-
549,887
550,887


Comprehensive income for the year

Loss for the year

-
-
(1,902)
(1,902)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(1,902)
(1,902)


Contributions by and distributions to owners

Purchase of own shares
-
129
(71,425)
(71,296)

Shares cancelled during the year
(129)
-
-
(129)


Total transactions with owners
(129)
129
(71,425)
(71,425)


At 31 December 2023
871
129
476,560
477,560


Page 3

 
J D LOWE (PROPERTIES) LTD
 

 
Notes to the financial statements
For the year ended 31 December 2024

1.


General information

J D Lowe (Properties) Ltd is a company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rents receivable during the year.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
J D LOWE (PROPERTIES) LTD
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.7

Investment property

Investment properties are revalued annually and any changes in fair value are recognised in the Statement of comprehensive income.  No depreciation is provided in respect of investment properties.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -2).

Page 5

 
J D LOWE (PROPERTIES) LTD
 

 
Notes to the financial statements
For the year ended 31 December 2024

4.


Tangible fixed assets





Fixtures and equipment

£



Cost or valuation


At 1 January 2024
7,958



At 31 December 2024

7,958



Depreciation


At 1 January 2024
7,374


Charge for the year on owned assets
146



At 31 December 2024

7,520



Net book value



At 31 December 2024
438



At 31 December 2023
584


5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 January 2024
112,662
330,000
442,662


Amounts written off
(1,488)
-
(1,488)



At 31 December 2024
111,174
330,000
441,174





6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



742 (2023 -871) Ordinary Shares shares of £1.00 each
742
871


Page 6

 
J D LOWE (PROPERTIES) LTD
 

 
Notes to the financial statements
For the year ended 31 December 2024

7.


Reserves

Capital redemption reserve

The balance on the Capital Redemption Reserve of £258 (2023 £129) arose due to the company re-purchasing 129 ordinary shares back from shareholders in 2023 and a further 129 ordinary shares in 2024. The shares had a nominal value of £1 and were consequently cancelled.

Profit and loss account
Included within the profit and loss account reserves are £211,689 (2023 £211,689) of undistributable reserves relating to the revaluation of investment properties.


8.


Related party transactions

Included in other debtors is a loan to a director in the sum of £55,112 (2023 85,225), the loan is unsecured, interest free and repayable on demand.
Included in other creditors is a loan from a shareholder in the sum of £25,000 (2023 £25,000). The loan is unsecured, interest free and has no expressed repayment terms.                                                                                                                                              


Page 7