LOWRY SPV 1 LIMITED

LOWRY SPV 1 LIMITED

LOWRY SPV 1 LIMITED - Company Information

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LOWRY SPV 1 LIMITED

Company Registration Number:
12207329 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

LOWRY SPV 1 LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

LOWRY SPV 1 LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
7 months to 31 March 2020


£
£
Fixed assets
Intangible assets: 3 1,014,669 594,669
Total fixed assets: 1,014,669 594,669
Current assets
Debtors:   8,664 460,724
Total current assets: 8,664 460,724
Creditors: amounts falling due within one year:   (528,125) (1,109,289)
Net current assets (liabilities): (519,461) (648,565)
Total assets less current liabilities: 495,208 (53,896)
Total net assets (liabilities): 495,208 (53,896)
Capital and reserves
Called up share capital: 5,359 4,886
Profit and loss account: 489,849 (58,782)
Shareholders funds: 495,208 (53,896)

The notes form part of these financial statements

LOWRY SPV 1 LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2021
and signed on behalf of the board by:

Name: Robert Nugent
Status: Director

The notes form part of these financial statements

LOWRY SPV 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOWRY SPV 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 7 months to 31 March 2020
Average number of employees during the period 2 2

LOWRY SPV 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Intangible Assets

Total
Cost £
At 01 April 2020 594,669
Additions 450,000
At 31 March 2021 1,044,669
Amortisation
At 01 April 2020 0
Charge for year 30,000
At 31 March 2021 30,000
Net book value
At 31 March 2021 1,014,669
At 31 March 2020 594,669

LOWRY SPV 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Related party transactions

Name of the related party: Lowry Trading Limited
Relationship:
Both companies share same directors (Scott Fletcher and Robert Nugent)
Description of the Transaction: Credit to admin expenses due to write off of loan from Lowry Trading Limited to Lowry SPV 1 Limited. This amount results in a profit made in the year by Lowry SPV 1 of which the write off amount is not tax deductible.
£
Balance at 01 April 2020 640,788
Balance at 31 March 2021 78,125

Credit to admin expenses due to write off of loan from Lowry Trading Limited to Lowry SPV 1 Limited. This amount results in a profit made in the year by Lowry SPV 1 of which the write off amount is not tax deductible.