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REGISTERED NUMBER: 09978845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

LM Affordable Housing Services Limited

LM Affordable Housing Services Limited (Registered number: 09978845)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LM Affordable Housing Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr L A G Mussett
Mr P J Reilly





REGISTERED OFFICE: 2a Silver Street
Malmesbury
Wiltshire
SN16 9BU





REGISTERED NUMBER: 09978845 (England and Wales)





ACCOUNTANTS: St Martins Accountants Limited
44 Stoke Lane
Westbury on Trym
Bristol
BS9 3DN

LM Affordable Housing Services Limited (Registered number: 09978845)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,789 1,909

CURRENT ASSETS
Stocks - 164,250
Debtors 5 11,071 121,600
Cash at bank 422,013 214,740
433,084 500,590
CREDITORS
Amounts falling due within one year 6 315,358 247,980
NET CURRENT ASSETS 117,726 252,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,515

254,519

PROVISIONS FOR LIABILITIES 447 363
NET ASSETS 119,068 254,156

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 118,968 254,056
SHAREHOLDERS' FUNDS 119,068 254,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LM Affordable Housing Services Limited (Registered number: 09978845)

Balance Sheet - continued
31 January 2024


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 12 August 2024 and were signed on its behalf by:




Mr P J Reilly - Director



Mr L A G Mussett - Director


LM Affordable Housing Services Limited (Registered number: 09978845)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

LM Affordable Housing Services 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.
Leasehold improvements - 10% on cost
Plant and machinery - 33% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

LM Affordable Housing Services Limited (Registered number: 09978845)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 27,592 9,079 36,671
Additions - 681 681
At 31 January 2024 27,592 9,760 37,352
DEPRECIATION
At 1 February 2023 27,592 7,170 34,762
Charge for year - 801 801
At 31 January 2024 27,592 7,971 35,563
NET BOOK VALUE
At 31 January 2024 - 1,789 1,789
At 31 January 2023 - 1,909 1,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 9,289 119,189
Other debtors 1,782 2,411
11,071 121,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 806 1,552
Taxation and social security 302,101 236,083
Other creditors 12,451 10,345
315,358 247,980

LM Affordable Housing Services Limited (Registered number: 09978845)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 16,500 16,500
Between one and five years 2,750 19,250
19,250 35,750

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Reilly.

The company is a wholly owned subsidiary of Micawber Consulting Limited.