Registered number
06420910
L & M Partners Limited
Filleted Accounts
31 December 2024
L & M Partners Limited
Registered number: 06420910
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,424 14,245
Current assets
Debtors 4 14,945 17,927
Investments held as current assets 5 53,952 62,114
Cash at bank and in hand 12,829 7,471
81,726 87,512
Creditors: amounts falling due within one year 6 (60,486) (86,002)
Net current assets 21,240 1,510
Net assets 23,664 15,755
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,564 15,655
Shareholders' funds 23,664 15,755
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P W W Lau
Director
Approved by the board on 29 July 2025
L & M Partners Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the invoiced sales to customers and accrued income, including disbursements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% straight line
Motor vehicles 25% straight line
Investments
Listed investments are stated at cost.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 21,552 47,165 68,717
Additions 1,910 - 1,910
At 31 December 2024 23,462 47,165 70,627
Depreciation
At 1 January 2024 19,099 35,373 54,472
Charge for the year 1,940 11,791 13,731
At 31 December 2024 21,039 47,164 68,203
Net book value
At 31 December 2024 2,423 1 2,424
At 31 December 2023 2,453 11,792 14,245
4 Debtors 2024 2023
£ £
Accrued income 4,905 7,316
Trade debtors 9,218 9,750
Other debtors and prepayments 822 861
14,945 17,927
5 Investments held as current assets 2024 2023
£ £
Listed investments at cost 53,952 62,114
Listed investments at market value 78,530 75,100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,209 4,736
Other taxes and social security costs 120 -
Other creditors and accruals 58,157 81,266
60,486 86,002
7 Other information
L & M Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
454 Ewell Road
Surbiton
Surrey
KT6 7EL
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