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REGISTERED NUMBER: 11507347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

LMP Developments Ltd

LMP Developments Ltd (Registered number: 11507347)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

LMP Developments Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: L Jackson





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 11507347 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

LMP Developments Ltd (Registered number: 11507347)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,408 4,732

CURRENT ASSETS
Debtors 5 90,208 67,689
Cash at bank 31,134 72,147
121,342 139,836
CREDITORS
Amounts falling due within one year 6 29,283 60,116
NET CURRENT ASSETS 92,059 79,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,467

84,452

CREDITORS
Amounts falling due after more than one
year

7

10,500

16,500
NET ASSETS 84,967 67,952

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 84,966 67,951
SHAREHOLDERS' FUNDS 84,967 67,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

LMP Developments Ltd (Registered number: 11507347)

Balance Sheet - continued
31 August 2023


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 22 September 2023 and were signed by:





L Jackson - Director


LMP Developments Ltd (Registered number: 11507347)

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

1. STATUTORY INFORMATION

LMP Developments Ltd 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.

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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LMP Developments Ltd (Registered number: 11507347)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 4,866 5,417 878 11,161
DEPRECIATION
At 1 September 2022 4,470 1,355 604 6,429
Charge for year 217 1,016 91 1,324
At 31 August 2023 4,687 2,371 695 7,753
NET BOOK VALUE
At 31 August 2023 179 3,046 183 3,408
At 31 August 2022 396 4,062 274 4,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 90,208 67,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors - 9,753
Taxation 8,565 15,736
Social security and other taxes 204 8,813
Directors' current accounts 13,264 18,264
Accrued expenses 1,250 1,550
29,283 60,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 4,500 10,500
10,500 16,500

LMP Developments Ltd (Registered number: 11507347)

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

8. RESERVES
Retained
earnings
£   

At 1 September 2022 67,951
Profit for the year 32,015
Dividends (15,000 )
At 31 August 2023 84,966

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the director .

The director controls the company by virtue of a direct controlling interest of 100% of the issued ordinary share capital. Transactions on the directors loan account during the year were as follows:-


Balance Repaid by Balance
B/fwd the company C/fwd


£18,264 £5,000 £13,264

LMP Developments Ltd

Report of the Accountants to the Director of
LMP Developments Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN


22 September 2023