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COMPANY REGISTRATION NUMBER: 13751446
LML INVEST LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
28 November 2023
LML INVEST LTD
STATEMENT OF FINANCIAL POSITION
28 November 2023
28 Nov 23
30 Nov 22
Note
£
£
£
FIXED ASSETS
Tangible assets
4
517,738
529,376
CURRENT ASSETS
Debtors
5
3,500
Cash at bank and in hand
2,123
53,921
-------
--------
5,623
53,921
CREDITORS: amounts falling due within one year
6
176,487
229,289
---------
---------
NET CURRENT LIABILITIES
170,864
175,368
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
346,874
354,008
CREDITORS: amounts falling due after more than one year
7
338,036
349,259
---------
---------
NET ASSETS
8,838
4,749
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
8,837
4,748
-------
-------
SHAREHOLDERS FUNDS
8,838
4,749
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LML INVEST LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 November 2023
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
N Cheng
Director
Company registration number: 13751446
LML INVEST LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 DECEMBER 2022 TO 28 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Solar Avenue, Leeds, LS9 8FF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
5 years
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Freehold property
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022 and 28 November 2023
471,186
58,190
529,376
---------
--------
---------
Depreciation
At 1 December 2022
Charge for the period
11,638
11,638
---------
--------
---------
At 28 November 2023
11,638
11,638
---------
--------
---------
Carrying amount
At 28 November 2023
471,186
46,552
517,738
---------
--------
---------
At 30 November 2022
471,186
58,190
529,376
---------
--------
---------
5. DEBTORS
28 Nov 23
30 Nov 22
£
£
Other debtors
3,500
-------
----
6. CREDITORS: amounts falling due within one year
28 Nov 23
30 Nov 22
£
£
Corporation tax
1,113
Other creditors
176,487
228,176
---------
---------
176,487
229,289
---------
---------
7. CREDITORS: amounts falling due after more than one year
28 Nov 23
30 Nov 22
£
£
Bank loans and overdrafts
335,151
346,374
Other creditors
2,885
2,885
---------
---------
338,036
349,259
---------
---------