REGISTERED NUMBER: 08649507 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Lowry Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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

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.