LPMC Limited 04138850 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a property management company. Digita Accounts Production Advanced 6.30.9574.0 true 04138850 2023-01-01 2023-12-31 04138850 2023-12-31 04138850 core:CurrentFinancialInstruments 2023-12-31 04138850 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04138850 bus:SmallEntities 2023-01-01 2023-12-31 04138850 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04138850 bus:FullAccounts 2023-01-01 2023-12-31 04138850 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04138850 bus:RegisteredOffice 2023-01-01 2023-12-31 04138850 bus:Director1 2023-01-01 2023-12-31 04138850 bus:Director2 2023-01-01 2023-12-31 04138850 bus:Director3 2023-01-01 2023-12-31 04138850 bus:Director4 2023-01-01 2023-12-31 04138850 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04138850 countries:AllCountries 2023-01-01 2023-12-31 04138850 2022-01-01 2022-12-31 04138850 2022-12-31 04138850 core:CurrentFinancialInstruments 2022-12-31 04138850 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04138850

LPMC Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

LPMC Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

LPMC Limited

Company Information

Directors

Mr P J Goodes

Mr N I Hole

Mr J M Symons

Mr P R Withers

Registered office

Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

 

LPMC Limited

(Registration number: 04138850)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

7,662

11,207

Cash at bank and in hand

 

8

8

 

7,670

11,215

Creditors: Amounts falling due within one year

5

(7,662)

(11,207)

Net assets

 

8

8

Capital and reserves

 

Called up share capital

8

8

Shareholders' funds

 

8

8

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Mr P J Goodes
Director

 

LPMC Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in the United kingdom.

The address of its registered office is:
Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue comprises service charges and other recoveries from tenants of the company's investment properties. Service charges and other recoveries include income in relation to service charges and directly recoverable expenditure together with any chargeable management fees. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

LPMC Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Trade debtors

1,393

7,304

Prepayments

848

267

Other debtors

5,421

3,636

 

7,662

11,207

5

Creditors

2023
£

2022
£

Due within one year

Trade creditors

812

-

Accruals and deferred income

5,480

9,837

Other creditors

1,370

1,370

7,662

11,207