Company Registration No. 10127168 (England and Wales)
B J Lowry Developments Ltd
Unaudited accounts
for the year ended 31 December 2024
B J Lowry Developments Ltd
Unaudited accounts
Contents
B J Lowry Developments Ltd
Company Information
for the year ended 31 December 2024
Directors
Mr B J Lowry
Cheryl Lowry
Company Number
10127168 (England and Wales)
Registered Office
Congress House
14 Lyon Road
Harrow
HA1 2EN
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
B J Lowry Developments Ltd
Statement of financial position
as at 31 December 2024
Investment property
430,968
430,968
Cash at bank and in hand
5,925
17,026
Creditors: amounts falling due within one year
(56,591)
(93,076)
Net current (liabilities)/assets
(31,075)
116,369
Total assets less current liabilities
400,373
547,977
Creditors: amounts falling due after more than one year
(303,471)
(303,483)
Called up share capital
2
2
Profit and loss account
96,900
244,492
Shareholders' funds
96,902
244,494
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr B J Lowry
Director
Company Registration No. 10127168
B J Lowry Developments Ltd
Notes to the Accounts
for the year ended 31 December 2024
B J Lowry Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10127168. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
B J Lowry Developments Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 January 2024
430,968
At 31 December 2024
430,968
Amounts falling due within one year
Amounts due from group undertakings etc.
14,000
188,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
43,947
88,166
Other creditors
1,499
1,500
Loans from directors
8,345
210
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
303,471
303,483
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
B J Lowry Developments Ltd
Notes to the Accounts
for the year ended 31 December 2024
10
Capital commitments
2024
2023
The company has two interest only mortgages which each have a charge over the investment properties in the balance sheet. At the year end a total of £303,471 (2023: £303,483) was due to these mortgage companies.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).