Company No: 13659383 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,013		1,499
Investment property	4	850,609		863,234
		851,622		864,733
Current assets
Debtors	5	6,113		6,655
Cash at bank and in hand		75,653		50,246
		81,766		56,901
Creditors: amounts falling due within one year	6	( 264,516)		( 267,159)
Net current liabilities		(182,750)		(210,258)
Total assets less current liabilities		668,872		654,475
Creditors: amounts falling due after more than one year	7	( 611,194)		( 610,753)
Net assets		57,678		43,722
Capital and reserves
Called-up share capital	8	12		12
Profit and loss account		57,666		43,710
Total shareholders' funds		57,678		43,722

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lowen Trevow Ltd (registered number: 13659383) were approved and authorised for issue by the Board of Directors on 19 May 2026. They were signed on its behalf by:

Mrs Helen Harvey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lowen Trevow Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Roselyn The Bowjey Hill, Newlyn, Penzance, TR18 5LN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2024	2,696		2,696
At 31 October 2025	2,696		2,696
Accumulated depreciation
At 01 November 2024	1,197		1,197
Charge for the financial year	486		486
At 31 October 2025	1,683		1,683
Net book value
At 31 October 2025	1,013		1,013
At 31 October 2024	1,499		1,499

4. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	863,234
Additions	(12,625)
As at 31 October 2025	850,609

Valuation

A full market valuation of investment properties was completed by 9th May 2025. The fair value of the company's residential investment properties at 31 October 2025 has been arrived at on the basis of valuations carried out on that date by the directors.

5. Debtors

	2025		2024
	£		£
Trade debtors	0		550
Other debtors	6,113		6,105
	6,113		6,655

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	3,388		5,395
Other creditors	261,128		261,764
	264,516		267,159

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	611,194		610,753

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
12 Ordinary shares of £ 1.00 each	12		12