Company Registration No. 05822615 (England and Wales)
Lowther Trustees (3) Limited
Unaudited financial statements
for the year ended 5 April 2025
Pages for filing with the registrar
Lowther Trustees (3) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Lowther Trustees (3) Limited
Statement of financial position
As at 5 April 2025
1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
3
3
Net current assets
3
3
Capital and reserves
Called up share capital
4
3
3

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
The Honorable Philip Howard
Director
Company Registration No. 05822615
Lowther Trustees (3) Limited
Notes to the financial statements
For the year ended 5 April 2025
2
1
Accounting policies
Company information

Lowther Trustees (3) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Glebe House Lowther, Penrith, Cumbria, CA10 2HH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no income statement is presented in these financial statements

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Lowther Trustees (3) Limited
Notes to the financial statements (continued)
For the year ended 5 April 2025
1
Accounting policies (continued)
3
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

No persons were employed by the company in the current or prior year.

2025
2024
Number
Number
Total
-
0
-
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3
3
Lowther Trustees (3) Limited
Notes to the financial statements (continued)
For the year ended 5 April 2025
4
4
Called up share capital
2025
2024
£
£
Ordinary share capital
Authorised
500 Independent Director's shares of £1 each
500
500
500 Reversioner's shares of £1 each
500
500
500 Life Tenant shares of £1 each
500
500
1,500
1,500
Issued and not fully paid
1 Independent Director's shares of £1 each
1
1
1 Reversioner's shares of £1 each
1
1
1 Life Tenant shares of £1 each
1
1
3
3
2025-04-05 2024-04-06 false false true CCH Software CCH Accounts Production 2024.301 No description of principal activity Nigel Davis Trevor Price The Honorable Philip Howard Margaret Irving 05822615 2024-04-06 2025-04-05 05822615 2025-04-05 05822615 2024-04-05 05822615 core:ShareCapital 2025-04-05 05822615 core:ShareCapital 2024-04-05 05822615 core:ShareCapitalOrdinaryShares 2025-04-05 05822615 core:ShareCapitalOrdinaryShares 2024-04-05 05822615 bus:Director3 2024-04-06 2025-04-05 05822615 2023-04-06 2024-04-05 05822615 core:WithinOneYear 2025-04-05 05822615 core:WithinOneYear 2024-04-05 05822615 bus:EntityHasNeverTraded 2024-04-06 2025-04-05 05822615 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 05822615 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 05822615 bus:FRS102 2024-04-06 2025-04-05 05822615 bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 05822615 bus:Director1 2024-04-06 2025-04-05 05822615 bus:Director2 2024-04-06 2025-04-05 05822615 bus:CompanySecretary1 2024-04-06 2025-04-05 05822615 bus:FullAccounts 2024-04-06 2025-04-05 xbrli:pure xbrli:shares iso4217:GBP