IRIS Accounts Production v23.3.0.418 06660189 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066601892022-07-31066601892023-07-31066601892022-08-012023-07-31066601892021-07-31066601892021-08-012022-07-31066601892022-07-3106660189ns10:Originalns15:EnglandWales2022-08-012023-07-3106660189ns14:PoundSterlingns10:Original2022-08-012023-07-3106660189ns10:Originalns10:Director12022-08-012023-07-3106660189ns10:Original2022-08-012023-07-3106660189ns10:Original2023-07-3106660189ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3106660189ns10:Originalns10:SmallEntities2022-08-012023-07-3106660189ns10:Originalns10:AuditExemptWithAccountantsReport2022-08-012023-07-3106660189ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106660189ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3106660189ns10:Originalns10:FullAccounts2022-08-012023-07-3106660189ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3106660189ns10:Originalns10:Director22022-08-012023-07-3106660189ns10:CompanySecretary1ns10:Original2022-08-012023-07-3106660189ns10:Originalns10:RegisteredOffice2022-08-012023-07-3106660189ns10:Original2022-07-3106660189ns10:Originalns5:CurrentFinancialInstruments2023-07-3106660189ns10:Originalns5:CurrentFinancialInstruments2022-07-3106660189ns10:Originalns5:Non-currentFinancialInstruments2023-07-3106660189ns10:Originalns5:Non-currentFinancialInstruments2022-07-3106660189ns5:ShareCapitalns10:Original2023-07-3106660189ns5:ShareCapitalns10:Original2022-07-3106660189ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3106660189ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3106660189ns10:Originalns5:PlantMachinery2022-08-012023-07-3106660189ns10:Original2021-08-012022-07-3106660189ns10:Originalns5:PlantMachinery2022-07-3106660189ns10:Originalns5:PlantMachinery2023-07-3106660189ns10:Originalns5:PlantMachinery2022-07-3106660189ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106660189ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3106660189ns10:Originalns5:CurrentFinancialInstruments2022-08-012023-07-3106660189ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 06660189 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2023

for

LMG Estates Limited

LMG Estates Limited (Registered number: 06660189)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

LMG Estates Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N B Guilfoyle
Ms B Hetherington





SECRETARY: Ms B Hetherington





REGISTERED OFFICE: 6 Station Road
Rickmansworth
Hertfordshire
WD3 1QZ





REGISTERED NUMBER: 06660189 (England and Wales)





ACCOUNTANTS: Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

LMG Estates Limited (Registered number: 06660189)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,800 15,123

CURRENT ASSETS
Debtors 5 84,252 85,811
Cash at bank 55,206 459,325
139,458 545,136
CREDITORS
Amounts falling due within one year 6 110,733 427,338
NET CURRENT ASSETS 28,725 117,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,525

132,921

CREDITORS
Amounts falling due after more than
one year

7

(18,333

)

(28,333

)

PROVISIONS FOR LIABILITIES (2,950 ) (3,781 )
NET ASSETS 19,242 100,807

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 19,142 100,707
SHAREHOLDERS' FUNDS 19,242 100,807

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

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

LMG Estates Limited (Registered number: 06660189)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





N B Guilfoyle - Director


LMG Estates Limited (Registered number: 06660189)

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

1. STATUTORY INFORMATION

LMG Estates Limited 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 etc - 20% on cost

Financial instruments
Debtors
Short terms debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.


LMG Estates Limited (Registered number: 06660189)

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

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss 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.

Government grants
Government grants are recognised on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

LMG Estates Limited (Registered number: 06660189)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 44,231
Additions 2,722
At 31 July 2023 46,953
DEPRECIATION
At 1 August 2022 29,108
Charge for year 6,045
At 31 July 2023 35,153
NET BOOK VALUE
At 31 July 2023 11,800
At 31 July 2022 15,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 40,669 40,611
Amounts owed by group undertakings 1,632 -
Other debtors 41,951 45,200
84,252 85,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,558 311,099
Taxation and social security 68,813 101,800
Other creditors 10,362 4,439
110,733 427,338

Bank balances include £16,507 (2022: £311,099) held on behalf of landlords only.

LMG Estates Limited (Registered number: 06660189)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,333 28,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LMG Estates Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER


8 March 2024