Lamorna Property Management Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 05805866

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	5,442		9,177
Cash at bank and in hand		7,017		2,967

		12,459		12,144
Creditors: Amounts Falling Due Within One Year	5	(1,120 )		(7,606 )

NET CURRENT ASSETS (LIABILITIES)			11,339		4,538

TOTAL ASSETS LESS CURRENT LIABILITIES			11,339		4,538

NET ASSETS			11,339		4,538

CAPITAL AND RESERVES
Called up share capital	6		14		14
Profit and Loss Account			11,325		4,524

SHAREHOLDERS' FUNDS			11,339		4,538

For the year ending 24 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Graeme Newton

Director

23rd September 2025

The notes on page 2 form part of these financial statements.

1. General Information

Lamorna Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05805866 . The registered office is Druscilla Cottage, Halvasso, Penryn, TR10 9BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	5,442	618
Prepayments and accrued income	-	8,559

	5,442	9,177

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	520	6,142
Other creditors	-	578
Accruals and deferred income	600	886

	1,120	7,606

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	14	14

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