Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-262024-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI022891 2024-01-01 2024-12-31 NI022891 2023-01-01 2023-12-31 NI022891 2024-12-31 NI022891 2023-12-31 NI022891 c:Director2 2024-01-01 2024-12-31 NI022891 d:ComputerEquipment 2024-01-01 2024-12-31 NI022891 d:ComputerEquipment 2023-12-31 NI022891 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI022891 d:FreeholdInvestmentProperty 2024-12-31 NI022891 d:FreeholdInvestmentProperty 2023-12-31 NI022891 d:CurrentFinancialInstruments 2024-12-31 NI022891 d:CurrentFinancialInstruments 2023-12-31 NI022891 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI022891 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI022891 d:ShareCapital 2024-12-31 NI022891 d:ShareCapital 2023-12-31 NI022891 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI022891 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI022891 c:FRS102 2024-01-01 2024-12-31 NI022891 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI022891 c:FullAccounts 2024-01-01 2024-12-31 NI022891 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI022891 d:OtherDeferredTax 2024-12-31 NI022891 d:OtherDeferredTax 2023-12-31 NI022891 2 2024-01-01 2024-12-31 NI022891 e:PoundSterling 2024-01-01 2024-12-31 NI022891 d:ComputerEquipment d:PriorPeriodIncreaseDecrease 2023-12-31 iso4217:GBP xbrli:pure

Registered number: NI022891










LMI Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2024

 
LMI Holdings Limited
Registered number: NI022891

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
112
558

Investment property
 4 
4,259,054
4,259,054

  
4,259,166
4,259,612

Current assets
  

Debtors: amounts falling due within one year
 5 
-
22,369

Cash at bank and in hand
 6 
774,939
632,054

  
774,939
654,423

Creditors: amounts falling due within one year
 7 
(90,247)
(66,922)

Net current assets
  
 
 
684,692
 
 
587,501

Total assets less current liabilities
  
4,943,858
4,847,113

Provisions for liabilities
  

Deferred tax
  
(487,242)
(487,354)

  
 
 
(487,242)
 
 
(487,354)

Net assets
  
4,456,616
4,359,759


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
4,455,616
4,358,759

  
4,456,616
4,359,759


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Page 1

 
LMI Holdings Limited
Registered number: NI022891

Balance Sheet (continued)
As at 31 December 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2025.



Mr L M Irvine
Director

The notes on pages 3 to 7 form part of these financial statements.

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Page 2

 
LMI Holdings Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

1.


General information

LMI Holdings Ltd is a private company limited by shares incorporated in Northern Ireland. The company registration number is NI022891 and address of the registered office is 9 Corrstown Road, Lisburn, BT28 2NH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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 as 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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Page 3

 
LMI Holdings Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

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Page 4

 
LMI Holdings Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2024
3,052



At 31 December 2024
3,052



Depreciation


At 1 January 2024
2,494


Charge for the period on owned assets
446



At 31 December 2024
2,940



Net book value



At 31 December 2024
112



At 31 December 2023
558

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Page 5

 
LMI Holdings Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
4,259,054



At 31 December 2024
4,259,054

The investment property was revalued at 31st December 2023 by an independent professional valuer. At 31st December 2024, the Directors had reviewed the valuation and concluded that there has been no material change in the fair value.





5.


Debtors: amounts falling due within one year

2024
2023
£
£


Other debtors
-
22,369

-
22,369



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
774,939
632,054



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
71,974
51,746

Other taxation and social security
15,087
12,156

Other creditors
836
766

Accruals and deferred income
2,350
2,254

90,247
66,922


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Page 6

 
LMI Holdings Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

8.


Deferred taxation




2024


£






At beginning of year
(487,354)


Charged to profit or loss
112



At end of year
(487,242)

2024
2023
£
£


Revaluation of property
(487,242)
(487,354)

(487,242)
(487,354)


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Page 7