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31/12/2024
2024-12-31
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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08618388
2024-01-01
2024-12-31
08618388
2024-12-31
08618388
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08618388
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2023-12-31
08618388
2023-12-31
08618388
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08618388
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2024-01-01
2024-12-31
08618388
bus:OrdinaryShareClass1
2024-01-01
2024-12-31
08618388
bus:Director5
2024-01-01
2024-12-31
08618388
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08618388
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08618388
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2023-12-31
08618388
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08618388
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2024-12-31
08618388
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2023-12-31
08618388
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08618388
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2023-12-31
08618388
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2024-12-31
08618388
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core:ShareCapital
2023-12-31
08618388
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2024-12-31
08618388
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2023-12-31
08618388
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2024-01-01
2024-12-31
08618388
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2024-12-31
08618388
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2023-12-31
08618388
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2023-12-31
08618388
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2023-12-31
08618388
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2024-12-31
08618388
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2024-01-01
2024-12-31
08618388
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2024-01-01
2024-12-31
08618388
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2023-12-31
Company registration number:
08618388
LRM Planning Limited
Unaudited filleted financial statements
31 December 2024
LRM Planning Limited
Contents
Balance sheet
Notes to the financial statements
LRM Planning Limited
Balance sheet
31 December 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
16,739 |
|
|
|
18,464 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
16,739 |
|
|
|
18,464 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
849,657 |
|
|
|
350,184 |
|
|
|
Cash at bank and in hand |
|
|
416,874 |
|
|
|
805,251 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,266,531 |
|
|
|
1,155,435 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
223,957) |
|
|
|
(
208,639) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
1,042,574 |
|
|
|
946,796 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
1,059,313 |
|
|
|
965,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
8 |
|
|
(
4,185) |
|
|
|
(
4,616) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
1,055,128 |
|
|
|
960,644 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
10 |
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
1,055,028 |
|
|
|
960,544 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
1,055,128 |
|
|
|
960,644 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit and loss has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2025
, and are signed on behalf of the board by:
N P Mantell
T O Jones
Director
Director
Company registration number:
08618388
LRM Planning Limited
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nyewood Court, Brookers Road, Billingshurst, West Sussex, RH14 9RZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied :
(i) the amount can be measured reliably;
(ii) it is probable that the Company will receive the consideration due under the contract;
(iii) the stage of completion of the contract at the end of the reporting period can be measured reliably;
(iv) the costs incurred and the costs to complete the contract can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
straight line |
|
Computer equipment |
- |
3 years
|
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.
Current and deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases : the Company as lessee
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Defined contribution plans
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments applying to the company are basic as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
13
).
5.
Tangible assets
|
|
Fixtures and fittings |
Computer equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2024 |
11,752 |
32,203 |
43,955 |
|
|
|
|
|
Additions |
- |
8,044 |
8,044 |
|
|
|
|
|
Disposals |
- |
(
799) |
(
799) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2024 |
11,752 |
39,448 |
51,200 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2024 |
10,525 |
14,966 |
25,491 |
|
|
|
|
|
Charge for the year |
1,218 |
8,285 |
9,503 |
|
|
|
|
|
Disposals |
- |
(
533) |
(
533) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2024 |
11,743 |
22,718 |
34,461 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2024 |
9 |
16,730 |
16,739 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
1,227 |
17,237 |
18,464 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
416,969 |
323,078 |
|
Amounts owed by group undertakings |
|
406,234 |
- |
|
Prepayments and accrued income |
|
23,764 |
24,416 |
|
Other debtors |
|
2,690 |
2,690 |
|
|
|
_______ |
_______ |
|
|
|
849,657 |
350,184 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
20,637 |
22,953 |
|
Amounts owed to group undertakings |
|
75,263 |
75,263 |
|
Accruals and deferred income |
|
4,805 |
15,308 |
|
Social security and other taxes |
|
119,847 |
94,681 |
|
Other creditors |
|
3,405 |
434 |
|
|
|
_______ |
_______ |
|
|
|
223,957 |
208,639 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Provisions
|
|
Deferred tax (note 9) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 January 2024 |
4,616 |
4,616 |
|
|
|
|
Charges against provisions |
(
431) |
(
431) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 December 2024 |
4,185 |
4,185 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
9.
Deferred tax
The deferred tax included in the Balance sheet is as follows:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Included in provisions (note 8) |
|
4,185 |
4,616 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
4,185 |
4,616 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Called up share capital
Issued, called up and fully paid
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
0.01 each (2023: £
1.00 ) |
|
10,000 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
On 3 July 2024, the 100 £1 Ordinary Shares were subdivided to 10,000 £0.01 Ordinary Shares. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
| Not later than 1 year |
36,598 |
20,140 |
| Later than 1 year and not later than 5 years |
42,346 |
86,080 |
|
_______ |
_______ |
|
78,944 |
106,220 |
|
_______ |
_______ |
|
|
|
12.
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £38,999 (2023 - £35, 838). Contributions totalling £3,405 (2023 - £434) were payable to the fund at the balance sheet date and are included in creditors.
13.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
LMAP Limited |
- |
- |
(
75,263) |
(
75,263) |
|
LMAP Holdings Limited |
406,234 |
- |
406,234 |
- |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
LMAP Limited (Immediate parent company)
A loan of £75,263 (2023 : £75,263) previously provided by the immediate parent company LMAP Limited. The loan in unsecured, interest free and repayable on demand.
At the balance sheet date the amount due to LMAP Limited was £75,263 (2023 : £75,263).
LMAP Holdings Limited (Ultimate parent company)
The company provided a loan of £406,234 to its ultimate parent company LMAP Holdings Limited on 28 October 2024. The loan is unsecured, interest free and repayable on demand.
At the balance sheet date the amount due from LMAP Holdings Limited was £406,234 (2023 : Nil).