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REGISTERED NUMBER: 07891883 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

2LM Limited

2LM Limited (Registered number: 07891883)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


2LM Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S L Ferguson
J L Ferguson
R L Ferguson





SECRETARY: A K Ferguson





REGISTERED OFFICE: 14 Oldencraig Mews
Lingfield
Surrey
RH7 6GU





REGISTERED NUMBER: 07891883 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

2LM Limited (Registered number: 07891883)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £ £
FIXED ASSETS
Investments 4 100 100
Investment property 5 400,000 400,000
400,100 400,100

CURRENT ASSETS
Debtors 28,801 27,356
Cash at bank and in hand 25,230 51,337
54,031 78,693
CREDITORS
Amounts falling due within one year (102,779 ) (114,226 )
NET CURRENT LIABILITIES (48,748 ) (35,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,352

364,567

PROVISIONS FOR LIABILITIES 6 (23,698 ) (23,698 )
NET ASSETS 327,654 340,869

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 101,027 101,027
Retained earnings 226,527 239,742
SHAREHOLDERS' FUNDS 327,654 340,869

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

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

2LM Limited (Registered number: 07891883)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 September 2024 and were signed on its behalf by:





S L Ferguson - Director


2LM Limited (Registered number: 07891883)

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

1. STATUTORY INFORMATION

2LM 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 3 (2022 - 3 ) .

2LM Limited (Registered number: 07891883)

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

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

Fizz & Friends Limited
Registered office: United Kingdom
Nature of business: Leisure and entertainment
%
Class of shares: holding
Ordinary 100.00

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 400,000
At 31 December 2022 400,000

Fair value at 31 December 2023 is represented by:
£
Valuation in 2016 44,725
Valuation in 2020 30,000
Valuation in 2021 50,000
Cost 275,275
400,000

Investment property was valued on an open market basis in the year ended 31 December 2023 by local property agents. The directors continue to review the value of the property annually and consider the fair value to be accurate.

2LM Limited (Registered number: 07891883)

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

6. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£ £
Deferred tax 23,698 23,698

Deferred tax
£
Balance at 1 January 2023 23,698
Balance at 31 December 2023 23,698

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.