REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
FOR |
L T M INVESTMENTS LIMITED |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
FOR |
L T M INVESTMENTS LIMITED |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
L T M INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
ABRIDGED BALANCE SHEET |
28 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
ABRIDGED BALANCE SHEET - continued |
28 MARCH 2024 |
The financial statements were approved by the director and authorised for issue on |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
1. | STATUTORY INFORMATION |
L T M Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. |
There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements. |
Turnover |
Turnover represents the rents receivable by the company during the year. |
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. |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 MARCH 2024 |
3. | 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 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 29 March 2023 |
and 28 March 2024 | 84 |
NET BOOK VALUE |
At 28 March 2024 | 84 |
At 28 March 2023 | 84 |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Pictures and Prints | 143,166 | - |
The company holds pictures and prints as a fixed asset investment with the intention of long-term capital appreciation. The artwork is measured at fair value at the reporting date, with changes in fair value recognised in profit or loss. |
L T M INVESTMENTS LIMITED (REGISTERED NUMBER: 06470029) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 MARCH 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 29 March 2023 |
and 28 March 2024 |
NET BOOK VALUE |
At 28 March 2024 |
At 28 March 2023 |
Fair value at 28 March 2024 is represented by: |
£ |
Valuation in 2017 | 323,326 |
Valuation in 2019 | (150,000 | ) |
Cost | 676,674 |
850,000 |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Share capital 1 | £1 | 1,000 | 1,000 |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 29 March 2023 |
and 28 March 2024 |
9. | ULTIMATE CONTROLLING PARTY |
There is no controlling party. |