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COMPANY REGISTRATION NUMBER: SC408293
LRM UK One Limited
Unaudited Financial Statements
31 December 2024
LRM UK One Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
LRM UK One Limited
Director's Report
Year ended 31 December 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Directors
The directors who served the company during the year were as follows:
Mr M McCall
(Appointed 19 January 2024)
Mr TM Burgess
(Resigned 19 January 2024)
Other events
The company ceased to trade on 31 December 2018.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 11 April 2025 and signed on behalf of the board by:
Mark McCall Director
Registered office:
2 Marischal Square
Broad Street
Aberdeen
UK
AB10 1DQ
LRM UK One Limited
Statement of Income and Retained Earnings
Year ended 31 December 2024
2024
2023
Note
£
£
Administrative expenses
86
84
----
----
Operating loss
( 86)
( 84)
----
----
Loss before taxation
( 86)
( 84)
Tax on loss
----
----
Loss for the financial year and total comprehensive income
( 86)
( 84)
----
----
Retained earnings at the start of the year
32,380
32,464
--------
--------
Retained earnings at the end of the year
32,294
32,380
--------
--------
All the activities of the company are from continuing operations.
The company ceased to trade on 31 December 2018.
LRM UK One Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
178,201
178,201
Current assets
Debtors
5
2,035
2,035
Cash at bank and in hand
34,058
34,144
--------
--------
36,093
36,179
Creditors: amounts falling due within one year
6
181,999
181,999
---------
---------
Net current liabilities
145,906
145,820
---------
---------
Total assets less current liabilities
32,295
32,381
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
32,294
32,380
--------
--------
Shareholder funds
32,295
32,381
--------
--------
These financial statements have been prepared 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'.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
Mark McCall Director
Company registration number: SC408293
LRM UK One 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 Scotland. The address of the registered office is 2 Marischal Square, Broad Street, Aberdeen, AB10 1DQ, UK.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
178,201
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
178,201
---------
At 31 December 2023
178,201
---------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,989
1,989
Other debtors
46
46
-------
-------
2,035
2,035
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
181,999
181,999
---------
---------