LOWE MANAGEMENT LIMITED


Directors	P Lowe
	T Lowe


Registered Address	Studio 2.2 The Department Store Studios
	19 Bellefields Road
	London
	SW9 9UH


Registered Number	10260721 (England and Wales)

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).

	Statement of compliance
	The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

Going concern

After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

	Revenue from rendering of services
	Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.

Revenue from rendering of services

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £159,279 (2024: £139,002). Contributions totalling £10,750 (2024: £5,797) were payable to the funds at the balance sheet date.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. 

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

The pension cost charge represents contributions payable by the Company to the funds and amounted to £159,279 (2024: £139,002). Contributions totalling £10,750 (2024: £5,797) were payable to the funds at the balance sheet date.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £159,279 (2024: £139,002). Contributions totalling £10,750 (2024: £5,797) were payable to the funds at the balance sheet date.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. 

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

The pension cost charge represents contributions payable by the Company to the funds and amounted to £159,279 (2024: £139,002). Contributions totalling £10,750 (2024: £5,797) were payable to the funds at the balance sheet date.

	Current taxation
	Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Current taxation

Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

	Tangible fixed assets and depreciation
	Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Vehicles	4
	Office Equipment	4

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.	Average number of employees
	The average number of employees include directors.


		2025		2024
	Average number of employees during the year	23		21

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	64,855	18,093	29,525	112,473
Additions	76,877	10,385	1,640	88,902
Disposals	(26,500)	-	-	(26,500)
At 31 December 25	115,232	28,478	31,165	174,875
Depreciation and impairment
At 01 August 24	21,189	15,507	17,687	54,383
Charge for year	25,837	3,794	6,234	35,865
On disposals	(11,042)	-	-	(11,042)
At 31 December 25	35,984	19,301	23,921	79,206
Net book value
At 31 December 25	79,248	9,177	7,244	95,669
At 31 July 24	43,666	2,586	11,838	58,090

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	386,298	161,071
Amounts owed by group undertakings	588	1,142
Other debtors	41,618	37,732
Prepayments and accrued income	215,098	133,151
Total	643,602	333,096

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	104,872	312,751
Amounts owed to related parties	110,000	65,892
Taxation and social security	195,191	177,899
Other creditors	595,349	218,649
Accrued liabilities and deferred income	35,737	8,435
Total	1,041,149	783,626


	Amounts owed to related parties are unsecured, interest free and due for repayment within one year.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	675,839	539,249
Total	675,839	539,249


	Creditors falling due after more than one year are unsecured.

7.	Related party transactions
	The Company has taken advantage of the exemption provided under FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

8.	Controlling party
	The ultimate controlling parties of the Company are Timothy Lowe and Poppy Lowe.

9.	Parent-subsidiary relationships
	The immediate parent of the Company is Lazy Pool Holdings Limited. Its registered office is Chappetts Farm House Coombe Lane, West Meon, Hampshire, GU32 1NB.

10.	Change in reporting period and impact on comparability
	The company changed its accounting reference date from 31 July 2025 to 31 December 2025. Accordingly, these financial statements cover the 17-month period ended 31 December 2025. The comparative figures relate to the 12-month period ended 31 July 2024.

	Notes	31 Dec 2025		31 Jul 2024
		£	£	£	£
Fixed assets
Tangible assets	3		95,669		58,090
			95,669		58,090
Current assets
Debtors	4	643,602		333,096
Cash at bank and on hand		1,000,585		967,832
		1,644,187		1,300,928
Creditors amounts falling due within one year	5	(1,041,149)		(783,626)
Net current assets (liabilities)			603,038		517,302
Total assets less current liabilities			698,707		575,392
Creditors amounts falling due after one year	6		(675,839)		(539,249)
Net assets			22,868		36,143
Capital and reserves
Called up share capital			100		101
Profit and loss account			22,768		36,042
Shareholders' funds			22,868		36,143