REGISTERED NUMBER: 07520640 (England and Wales)

LOWTHER GARDENS (LYTHAM) MANAGEMENT

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Withers

S M Wood

D F Rowe

W A Swift

L Fenton

M W Fenton

R G Fielden

L J Govan

K Hunter

REGISTERED OFFICE:

The Lowther Pavilion Theatre

West Beach

Lytham St. Annes

Lancashire

FY8 5QQ

REGISTERED NUMBER:

07520640 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

FIXED ASSETS

Tangible assets

4

259,428

257,680

CURRENT ASSETS

Stocks

14,509

14,901

Debtors

5

113,545

131,777

Cash at bank

854,007

823,172

982,061

969,850

CREDITORS

Amounts falling due within one year

6

889,213

851,550

NET CURRENT ASSETS

92,848

118,300

TOTAL ASSETS LESS CURRENT LIABILITIES

352,276

375,980

CREDITORS

Amounts falling due after more than one year

7

(275,164

)

(300,417

)

PROVISIONS FOR LIABILITIES

(18,594

)

(16,953

)

NET ASSETS

58,518

58,610

RESERVES

Income and expenditure account

58,518

58,610

58,518

58,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

D F Rowe - Director

1.	STATUTORY INFORMATION

Lowther Gardens (Lytham) Management Limited is a private company, limited by guarantee , 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.

The financial statements are presented in Sterling (£) and are rounded to £1.

Turnover

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

Other operating income

Other operating income represents Council and other funding received during the period. Council funding is recognised in the income and expenditure account of the period in which monies are received.

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.

Improvements to property

-

Straight line over 30 years

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Limited by guarantee

The Company is limited by guarantee and therefore has no share capital. The members contribute to the funds of the Company by the payment of annual subscriptions and in the event of insolvency the members would be liable to pay £1 each.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2025 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

Computer

to property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

200,849

243,104

2,000

14,950

460,903

Additions

-

31,433

-

1,374

32,807

At 31 March 2026

200,849

274,537

2,000

16,324

493,710

DEPRECIATION

At 1 April 2025

33,475

156,830

217

12,701

203,223

Charge for year

6,695

22,707

200

1,457

31,059

At 31 March 2026

40,170

179,537

417

14,158

234,282

NET BOOK VALUE

At 31 March 2026

160,679

95,000

1,583

2,166

259,428

At 31 March 2025

167,374

86,274

1,783

2,249

257,680

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

Plant and

machinery

£

COST

Additions

29,234

At 31 March 2026

29,234

DEPRECIATION

Charge for year

1,458

At 31 March 2026

1,458

NET BOOK VALUE

At 31 March 2026

27,776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

16,470

39,012

Other debtors

78,568

84,189

Prepayments

18,507

8,576

113,545

131,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Loan

35,000

35,000

Hire purchase contracts (see note 8)

4,916

-

Trade creditors

27,192

31,295

Social security and other taxes

33

5,305

VAT

42,747

56,479

Other creditors

44,849

14,243

Accruals and deferred income

734,476

709,228

889,213

851,550

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Loan

265,417

300,417

Hire purchase contracts (see note 8)

9,747

-

275,164

300,417

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

4,916

-

Between one and five years

9,747

-

14,663

-

Non-cancellable

operating leases

2026

2025

£

£

Within one year

7,538

6,861

Between one and five years

25,170

20,535

32,708

27,396

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

300,417

335,417

The bank loans are secured on the fixed assets included in these accounts and those of Lowther Gardens Lytham Trust.

10.	RELATED PARTY DISCLOSURES

The directors of Lowther Gardens (Lytham) Management Limited are also trustees of Lowther Gardens Lytham Trust, a charity which is considered to be a related entity.

At the year end, Lowther Gardens (Lytham) Management Limited is due £78,568 from Lowther Gardens Lytham Trust (2025: £84,189) arising from transfers between the two entities. During the year, purchases from Lowther Gardens Lytham Trust totalled £24,000 (2025: £24,000) for rental charges.

Timothy Lince is the current CEO of Lowther Gardens Lytham Trust and is a former trustee, he also trades under the name of Pendle Productions. During the year end purchases from Pendle Productions totalled £61,230 (2025: £58,516).

Fylde Borough Council is a trustee of Lowther Gardens Lytham Trust. During the year end purchases from Fylde Borough Council totalled £64,362 (2025: £52,429) and sales to Fylde Borough Council totalled £24,382 (2025: £89,298).

11.	ULTIMATE CONTROLLING PARTY

Lowther Gardens Lytham Trust is regarded by the directors as being the company's ultimate parent undertaking.

The principal place of business for Lowther Gardens Lytham Trust is Lowther Pavilion, West Beach, Lytham St Annes, Lancashire, FY8 5QQ.