Lower Lights Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12999657

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		402,039		393,117

			402,039		393,117
CURRENT ASSETS
Debtors	5	444,191		440,000
Cash at bank and in hand		5,013		7,742

		449,204		447,742
Creditors: Amounts Falling Due Within One Year	6	(2,849 )		(2,280 )

NET CURRENT ASSETS (LIABILITIES)			446,355		445,462

TOTAL ASSETS LESS CURRENT LIABILITIES			848,394		838,579

Creditors: Amounts Falling Due After More Than One Year	7		(413,877 )		(413,565 )

NET ASSETS			434,517		425,014

CAPITAL AND RESERVES
Called up share capital	8		440,000		440,000
Profit and Loss Account			(5,483 )		(14,986 )

SHAREHOLDERS' FUNDS			434,517		425,014

Page 1

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Lower Lights Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stephen Teagle

Director

5 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lower Lights Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12999657 . The registered office is The Rectory , Sand Lane, Calstock, Cornwall, PL18 9QX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises rents received and is recognised per month the land is occupied. Turnover is shown net of

sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change

attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in

other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or

substantively enacted by the reporting date in the countries where the company operates and generates taxable

income.

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Lower Lights Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 December 2024	392,806	-	554	393,360
Additions	-	12,000	-	12,000

As at 30 November 2025	392,806	12,000	554	405,360

Depreciation
As at 1 December 2024	-	-	243	243
Provided during the period	-	3,000	78	3,078

As at 30 November 2025	-	3,000	321	3,321

Net Book Value
As at 30 November 2025	392,806	9,000	233	402,039

As at 1 December 2024	392,806	-	311	393,117

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	444,191	440,000

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,849	2,280

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	413,877	413,565

8. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	440,000	440,000

Amount of Allotted, Called Up Share Capital	440,000	440,000

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