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REGISTERED NUMBER: 08649507 (England and Wales)

Unaudited Financial Statements |

for the Year Ended 31 August 2025 |

for |

Lowry Group Limited |

| Lowry Group Limited (Registered number: 08649507) |

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Lowry Group Limited |

Company Information

for the Year Ended 31 August 2025

| DIRECTOR: | P J C Clark

| REGISTERED OFFICE: | Reedham House

| 31 King Street West

| Manchester

| Greater Manchester

| REGISTERED NUMBER: | 08649507 (England and Wales)

| ACCOUNTANTS: | Freedman Frankl & Taylor

| Chartered Accountants

| Reedham House

| 31 King Street West

| Manchester

| M3 2PJ

| Lowry Group Limited (Registered number: 08649507) |

Balance Sheet

31 August 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 127,286 |  | 143,256 |  |

Investments | 5 | 1 |  | 1 |  |

Investment property | 6 | 20,546,030 |  | 20,278,675 |  |

20,673,317 |  | 20,421,932 |  |

CURRENT ASSETS

Debtors | 7 | 1,420,482 |  | 1,394,311 |  |

Cash at bank | 25,745 |  | 41,301 |  |

1,446,227 |  | 1,435,612 |  |

CREDITORS

Amounts falling due within one year | 8 | (526,820 | ) | (465,913 | ) |

NET CURRENT ASSETS | 919,407 |  | 969,699 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 21,592,724 |  | 21,391,631 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (9,256,789 | ) | (9,271,706 | ) |

PROVISIONS FOR LIABILITIES | (2,044,261 | ) | (2,020,456 | ) |

NET ASSETS | 10,291,674 |  | 10,099,469 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 10,291,672 |  | 10,099,467 |  |

SHAREHOLDERS' FUNDS | 10,291,674 |  | 10,099,469 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Lowry Group Limited (Registered number: 08649507) |

Balance Sheet - continued

31 August 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

P J C Clark - Director

| Lowry Group Limited (Registered number: 08649507) |

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Lowry Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 15% on reducing balance

| Computer equipment | - | 25% on cost

| Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Lowry Group Limited (Registered number: 08649507) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The company's financial statements for the year ended 31 August 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 September 2024 | 104,500 |  | 46,498 |  | 36,600 |  | 2,131 |  | 189,729 |  |

| Additions | - |  | 22,403 |  | - |  | - |  | 22,403 |  |

| At 31 August 2025 | 104,500 |  | 68,901 |  | 36,600 |  | 2,131 |  | 212,132 |  |

| DEPRECIATION

| At 1 September 2024 | 10,637 |  | 20,243 |  | 13,462 |  | 2,131 |  | 46,473 |  |

| Charge for year | 23,466 |  | 11,436 |  | 3,471 |  | - |  | 38,373 |  |

| At 31 August 2025 | 34,103 |  | 31,679 |  | 16,933 |  | 2,131 |  | 84,846 |  |

| NET BOOK VALUE

| At 31 August 2025 | 70,397 |  | 37,222 |  | 19,667 |  | - |  | 127,286 |  |

| At 31 August 2024 | 93,863 |  | 26,255 |  | 23,138 |  | - |  | 143,256 |  |

| Lowry Group Limited (Registered number: 08649507) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 36,600 |  |

| DEPRECIATION

| At 1 September 2024 | 13,462 |  |

| Charge for year | 3,471 |  |

| At 31 August 2025 | 16,933 |  |

| NET BOOK VALUE

| At 31 August 2025 | 19,667 |  |

| At 31 August 2024 | 23,138 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 1 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1 |  |

| At 31 August 2024 | 1 |  |

| The company investment at the balance sheet date in the share capital of unlisted company is as following:

| Bowers Mill Hotel Ltd

| Registered office: Reedham House, 31 King Street West, Manchester, M3 2PJ

| Nature of business: Hotels and similar accommodation

| % |  |

| Class of shares: |  |  | holding |

| Ordinary shares |  |  | 100.00 |

| Lowry Group Limited (Registered number: 08649507) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| COST OR VALUATION

| At 1 September 2024 | 20,278,675 |  |

| Additions | 267,355 |  |

| At 31 August 2025 | 20,546,030 |  |

| NET BOOK VALUE

| At 31 August 2025 | 20,546,030 |  |

| At 31 August 2024 | 20,278,675 |  |

| Cost or valuation at 31 August 2025 is represented by:

£ |

| Valuation in 2018 | 4,929,093 |  |

| Valuation in 2021 | 1,719,045 |  |

| Valuation in 2023 | 2,199,922 |  |

| Cost | 11,697,970 |  |

20,546,030 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 11,697,970 |  | 11,430,615 |  |

| Investment properties were valued on an open market basis on 21 April 2023 by BNP Paribas Real Estate and the director .

| The director does not consider the market value of investment properties to be materially different from the value stated in the financial statements as at 31 August 2025.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 114,317 |  | 109,683 |  |

| Amounts owed by group undertakings | 224,683 |  | 206,280 |  |

| Other debtors | 1,081,482 |  | 1,078,348 |  |

1,420,482 |  | 1,394,311 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 7,852 |  | 10,000 |  |

| Hire purchase contracts | - |  | 4,073 |  |

| Trade creditors | 58,957 |  | 77,145 |  |

| Taxation and social security | 123,724 |  | 104,175 |  |

| Other creditors | 336,287 |  | 270,520 |  |

526,820 |  | 465,913 |  |

| Lowry Group Limited (Registered number: 08649507) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 9,256,789 |  | 9,271,706 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 9,264,641 |  | 9,281,706 |  |

| Hire purchase contracts | - |  | 4,073 |  |

9,264,641 |  | 9,285,779 |  |

11. | CONTINGENT LIABILITIES

| The company has guaranteed the bank facilities of a company in which the director of the company is also a director and shareholder. The bank loan balance for that company was £115,441 as at 31 August 2025.

| The company has guaranteed the bank facilities of a partnership in which the director of the company is also a partner. The bank loan balance for that partnership was £630,508 as at 31 August 2025.

12. | RELATED PARTY DISCLOSURES

| Included within other creditors is director's current account balance of £46,701 (2024: £89). During the year interest amounting to £1,565 (2024: £121) was charged on the overdrawn balance.

| Included within other debtors is a balance amounting to £836,540 (2024: £971,165) due from companies in which the director of the company is also a director and shareholder. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.