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REGISTERED NUMBER: SC771492 (Scotland)















Unaudited Financial Statements

for the Period 2 June 2023 to 30 June 2024

for

Lmc Properties Scotland Ltd

Lmc Properties Scotland Ltd (Registered number: SC771492)






Contents of the Financial Statements
for the Period 2 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lmc Properties Scotland Ltd

Company Information
for the Period 2 June 2023 to 30 June 2024







DIRECTORS: Mrs L Mccallum
C A T McCallum





REGISTERED OFFICE: Unit 1 82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC771492 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Lmc Properties Scotland Ltd (Registered number: SC771492)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 70,680

CURRENT ASSETS
Debtors 5 100
Cash at bank 2,388
2,488
CREDITORS
Amounts falling due within one year 6 774
NET CURRENT ASSETS 1,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,394

CREDITORS
Amounts falling due after more than
one year

7

61,230
NET ASSETS 11,164

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 11,064
11,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Lmc Properties Scotland Ltd (Registered number: SC771492)

Balance Sheet - continued
30 June 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 31 October 2024 and were signed on its behalf by:





C A T McCallum - Director


Lmc Properties Scotland Ltd (Registered number: SC771492)

Notes to the Financial Statements
for the Period 2 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Lmc Properties Scotland Ltd is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
Debtors
Short term 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 creditors are measured at transaction price, less any impairment. 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.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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.


Lmc Properties Scotland Ltd (Registered number: SC771492)

Notes to the Financial Statements - continued
for the Period 2 June 2023 to 30 June 2024

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 period 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 period was NIL.

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 70,680
At 30 June 2024 70,680
NET BOOK VALUE
At 30 June 2024 70,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' current accounts 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Accrued expenses 774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans more 5 yrs non-inst 48,730
Amounts owed to participating interests 12,500
61,230

Lmc Properties Scotland Ltd (Registered number: SC771492)

Notes to the Financial Statements - continued
for the Period 2 June 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
£   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 48,730

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2024:

£   
C A T McCallum and Mrs L Mccallum
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 100