Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09411956 Mr Tony Billingham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09411956 2023-01-31 09411956 2024-01-31 09411956 2023-02-01 2024-01-31 09411956 frs-core:CurrentFinancialInstruments 2024-01-31 09411956 frs-core:Non-currentFinancialInstruments 2024-01-31 09411956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 09411956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09411956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 09411956 frs-core:ShareCapital 2024-01-31 09411956 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09411956 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09411956 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09411956 frs-bus:SmallEntities 2023-02-01 2024-01-31 09411956 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09411956 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09411956 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-01 2024-01-31 09411956 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 09411956 frs-bus:Director1 2023-02-01 2024-01-31 09411956 frs-core:CurrentFinancialInstruments 1 2024-01-31 09411956 frs-countries:EnglandWales 2023-02-01 2024-01-31 09411956 2022-01-31 09411956 2023-01-31 09411956 2022-02-01 2023-01-31 09411956 frs-core:CurrentFinancialInstruments 2023-01-31 09411956 frs-core:Non-currentFinancialInstruments 2023-01-31 09411956 frs-core:ShareCapital 2023-01-31 09411956 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09411956 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 09411956 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 09411956
LPM Property Rentals Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09411956
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,360 141,360
Investment Properties 5 125,640 -
267,000 141,360
CURRENT ASSETS
Debtors 6 1,033 1,033
Cash at bank and in hand 2,150 2,155
3,183 3,188
Creditors: Amounts Falling Due Within One Year 7 (69,572 ) (70,111 )
NET CURRENT ASSETS (LIABILITIES) (66,389 ) (66,923 )
TOTAL ASSETS LESS CURRENT LIABILITIES 200,611 74,437
Creditors: Amounts Falling Due After More Than One Year 8 (108,227 ) (105,075 )
NET ASSETS/(LIABILITIES) 92,384 (30,638 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair Value Reserve 10 125,640 -
Profit and Loss Account (33,257 ) (30,639 )
SHAREHOLDERS' FUNDS 92,384 (30,638)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tony Billingham
Director
13/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LPM Property Rentals Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09411956 . The registered office is Unit 2 Edison Close, Park Farm Industrial Estate, Wellingborough, Northants, NN8 6AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 February 2023 141,360
As at 31 January 2024 141,360
Net Book Value
As at 31 January 2024 141,360
As at 1 February 2023 141,360
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 -
Fair value adjustments 125,640
As at 31 January 2024 125,640
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,033 1,033
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 660 (1 )
Lakeview Property Maintenance Limited 60,800 62,000
Other creditors (1) 1,033 1,033
Accruals and deferred income 600 600
Director's loan account 6,479 6,479
69,572 70,111
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Paragon Mortgages Ltd 108,227 105,075
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Fair Value Reserve
£
Transfer to profit and loss 125,640
As at 31 January 2024 125,640
Page 4