IRIS Accounts Production v25.1.3.33 SC679697 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6796972023-11-30SC6796972024-11-30SC6796972023-12-012024-11-30SC6796972022-11-30SC6796972022-12-012023-11-30SC6796972023-11-30SC679697ns15:Scotland2023-12-012024-11-30SC679697ns14:PoundSterling2023-12-012024-11-30SC679697ns10:Director12023-12-012024-11-30SC679697ns10:Director22023-12-012024-11-30SC679697ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC679697ns10:SmallEntities2023-12-012024-11-30SC679697ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC679697ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC679697ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC679697ns10:FullAccounts2023-12-012024-11-30SC679697ns10:OrdinaryShareClass12023-12-012024-11-30SC679697ns10:OrdinaryShareClass22023-12-012024-11-30SC679697ns10:RegisteredOffice2023-12-012024-11-30SC679697ns5:CurrentFinancialInstruments2024-11-30SC679697ns5:CurrentFinancialInstruments2023-11-30SC679697ns5:ShareCapital2024-11-30SC679697ns5:ShareCapital2023-11-30SC679697ns5:RetainedEarningsAccumulatedLosses2024-11-30SC679697ns5:RetainedEarningsAccumulatedLosses2023-11-30SC679697ns5:FurnitureFittings2023-12-012024-11-30SC679697ns5:ComputerEquipment2023-12-012024-11-30SC679697ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-30SC679697ns5:FurnitureFittings2023-11-30SC679697ns5:ComputerEquipment2023-11-30SC679697ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-012024-11-30SC679697ns5:LongLeaseholdAssetsns5:LandBuildings2024-11-30SC679697ns5:FurnitureFittings2024-11-30SC679697ns5:ComputerEquipment2024-11-30SC679697ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-30SC679697ns5:FurnitureFittings2023-11-30SC679697ns5:ComputerEquipment2023-11-30SC679697ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC679697ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30SC679697ns10:OrdinaryShareClass12024-11-30SC679697ns10:OrdinaryShareClass22024-11-30SC679697ns5:RetainedEarningsAccumulatedLosses2023-11-30SC679697ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-30
REGISTERED NUMBER: SC679697 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

LRCM20 Ltd

LRCM20 Ltd (Registered number: SC679697)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LRCM20 Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr L A Rhind
Dr C McArdle





REGISTERED OFFICE: 101 Rose Street South Lane
Edinburgh
Lothian
EH2 3JG





REGISTERED NUMBER: SC679697 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

LRCM20 Ltd (Registered number: SC679697)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 87,325 88,123

CURRENT ASSETS
Debtors 5 715 45
Cash at bank 1,006 201
1,721 246
CREDITORS
Amounts falling due within one year 6 115,824 113,552
NET CURRENT LIABILITIES (114,103 ) (113,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,778

)

(25,183

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (26,878 ) (25,283 )
SHAREHOLDERS' FUNDS (26,778 ) (25,183 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LRCM20 Ltd (Registered number: SC679697)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:




Dr L A Rhind - Director



Dr C McArdle - Director


LRCM20 Ltd (Registered number: SC679697)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

LRCM20 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight Line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LRCM20 Ltd (Registered number: SC679697)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 86,495 1,992 1,809 90,296
DEPRECIATION
At 1 December 2023 - 886 1,287 2,173
Charge for year - 276 522 798
At 30 November 2024 - 1,162 1,809 2,971
NET BOOK VALUE
At 30 November 2024 86,495 830 - 87,325
At 30 November 2023 86,495 1,106 522 88,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 715 45

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 115,824 113,552

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. RESERVES
Retained
earnings
£   

At 1 December 2023 (25,283 )
Deficit for the year (1,595 )
At 30 November 2024 (26,878 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £113,768 (2023: £111,568). There are no specific repayment terms and no interest has been charged.