Company Registration No. 06129865 (England and Wales)
RICHARD LOWTH & COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
7 Christie Way
Christie Fields
Manchester
United Kingdom
M21 7QY
RICHARD LOWTH & COMPANY LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
RICHARD LOWTH & COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
29 July 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,361
8,676
Current assets
Debtors
5
11,116
-
0
Cash at bank and in hand
3,633
369
14,749
369
Creditors: amounts falling due within one year
6
(41,098)
(85,721)
Net current liabilities
(26,349)
(85,352)
Total assets less current liabilities
(19,988)
(76,676)
Creditors: amounts falling due after more than one year
7
(87,727)
(17,282)
Net liabilities
(107,715)
(93,958)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(107,815)
(94,058)
Total equity
(107,715)
(93,958)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

RICHARD LOWTH & COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 November 2025 and are signed on its behalf by:
Mr Richard Lowth
Director
Company registration number 06129865 (England and Wales)
RICHARD LOWTH & COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
100
(71,706)
(71,606)
Year ended 31 March 2024:
Loss and total comprehensive income
-
(22,352)
(22,352)
Balance at 31 March 2024
100
(94,058)
(93,958)
Year ended 31 March 2025:
Loss and total comprehensive income
-
(13,757)
(13,757)
Balance at 31 March 2025
100
(107,815)
(107,715)
RICHARD LOWTH & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Richard Lowth & Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Christie Way, Christie Fields, Manchester, United Kingdom, M21 7QY.

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
Going concern

The company is reliant on a loan from the directors. The directors have assessed the company's working capital requirements true and have agreed to provide whatever financial support is required to allow the company to settle its financial obligations,as they fall due,for a period of 12 months from the date of approving the financial statements.

1.3
Turnover

Estate Agency sales commission is recognized on the date that contracts are exchanged unconditionally, at which point all performance obligations are considered to have been fulfilled. Invoices are usually payable on completion.

Rendering of services

Commission earned from property lettings is recognized when the underlying service has been performed, including tenant introduction, rent collection or full property management. Invoices are usually payable immediately once the rent is collected from the tenant.

1.4
Intangible fixed assets - goodwill

Goodwill is initially recorded at cost and subsequently at cost less accumulated amortisation. Goodwill is subject to an annual impairment review with any impairment losses being recognised in profit and loss. Goodwill is amortised over its useful economic life which is 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

RICHARD LOWTH & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% straight line
Fixtures and fittings
25% reducing balance/10% Straight Line
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

RICHARD LOWTH & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
150,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
150,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
RICHARD LOWTH & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
32,807
17,153
49,960
Additions
375
148
523
At 31 March 2025
33,182
17,301
50,483
Depreciation and impairment
At 1 April 2024
28,845
12,439
41,284
Depreciation charged in the year
1,641
1,197
2,838
At 31 March 2025
30,486
13,636
44,122
Carrying amount
At 31 March 2025
2,696
3,665
6,361
At 31 March 2024
3,962
4,714
8,676
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,491
-
0
Other debtors
4,625
-
0
11,116
-
0
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
21,425
33,264
Trade creditors
414
-
0
Taxation and social security
4,502
7,303
Other creditors
14,757
45,154
41,098
85,721
RICHARD LOWTH & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,546
17,282
Other creditors
83,181
-
0
87,727
17,282
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