Company registration number:
08640936
LMAP Limited
Unaudited filleted financial statements
31 December 2024
LMAP Limited
Contents
Balance sheet
Notes to the financial statements
LMAP Limited
Balance sheet
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
90 |
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90 |
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_______ |
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_______ |
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90 |
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90 |
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Current assets |
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Debtors |
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6 |
75,263 |
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75,263 |
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Cash at bank and in hand |
|
|
1,078 |
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3,685 |
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_______ |
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_______ |
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76,341 |
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78,948 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
1,200) |
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(
2,795) |
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_______ |
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_______ |
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Net current assets |
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75,141 |
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76,153 |
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_______ |
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_______ |
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Total assets less current liabilities |
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75,231 |
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76,243 |
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_______ |
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_______ |
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Net assets |
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75,231 |
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76,243 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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111 |
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100 |
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Share premium account |
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11,929 |
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- |
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Profit and loss account |
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63,191 |
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76,143 |
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_______ |
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_______ |
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Shareholders funds |
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75,231 |
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76,243 |
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_______ |
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_______ |
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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:
08640936
LMAP 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 LMAP Limited, 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.
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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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
4
(2023:
4
).
5.
Investments
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Investments in subsidiary companies |
Total |
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£ |
£ |
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Cost |
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At 1 January 2024 and 31 December 2024 |
90 |
90 |
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_______ |
_______ |
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Impairment |
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At 1 January 2024 and 31 December 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2024 |
90 |
90 |
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_______ |
_______ |
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At 31 December 2023 |
90 |
90 |
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_______ |
_______ |
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The company owns 90% of the ordinary share capital of LRM Planning Limited, a company incorporated in
England and Wales.
7.
Creditors: amounts falling due within one year
|
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2024 |
2023 |
|
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£ |
£ |
|
Accruals and deferred income |
|
1,200 |
2,795 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
|
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2024 |
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2023 |
|
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No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
0.01 each (2023: £
1.00 ) |
|
11,112 |
|
111 |
|
100 |
|
100 |
|
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_______ |
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_______ |
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_______ |
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_______ |
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On 3 July 2024, the 100 £1 Ordinary Shares were subdivided to 10,000 £0.01 Ordinary Shares. On 26 July 2024 an additional 1,112 £0.01 Ordinary Shares were issued.
9.
Contingent liabilities
LMAP Limited
is part of a VAT group with its subsidiary LRM Planning Limited. The company is jointly and severally liable for any VAT due by the group. As at the reporting date, the group companies owed £58,478 (2023 : £47,508).