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REGISTERED NUMBER: 03459913 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

LEM Resources Ltd.

LEM Resources Ltd. (Registered number: 03459913)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEM Resources Ltd.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D Woodward
S Lillis





SECRETARY: D Woodward





REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 03459913 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

LEM Resources Ltd. (Registered number: 03459913)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 4 4

CURRENT ASSETS
Debtors 6 5,636 5,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,640

5,640

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 5,638 5,638
SHAREHOLDERS' FUNDS 5,640 5,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by:





D Woodward - Director


LEM Resources Ltd. (Registered number: 03459913)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
2 Heap Bridge
Bury
Lancashire
BL9 7HR

The principal place of business is :
Newbrook Cottage
Lansdowne Road
Atherton
Manchester
M46 9HL

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Group accounts not prepared
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

LEM Resources Ltd. (Registered number: 03459913)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 February 2022
and 31 January 2023 4
NET BOOK VALUE
At 31 January 2023 4
At 31 January 2022 4

The company's investments at the Balance Sheet date in the share capital of companies include the following:

LEM Mining and Restoration ltd
Registered office: England and Wales
Nature of business: Mining & restoration,land & property development.
%
Class of shares: holding
Ordinary 100.00

LEM Makerfield Mining Limited
Registered office: England and Wales
Nature of business: Mining & restoration,land & property development.
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 5,636 5,636

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary Equity shares 0.01 2 2