REGISTERED NUMBER: 07891883 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

2LM Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Ferguson

J L Ferguson

R L Ferguson

SECRETARY:

A K Ferguson

REGISTERED OFFICE:

14 Oldencraig Mews

Lingfield

Surrey

RH7 6GU

REGISTERED NUMBER:

07891883 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Investments

4

100

100

Investment property

5

330,000

400,000

330,100

400,100

CURRENT ASSETS

Debtors

28,808

28,801

Cash at bank and in hand

16,032

25,230

44,840

54,031

CREDITORS

Amounts falling due within one year

(101,250

)

(102,779

)

NET CURRENT LIABILITIES

(56,410

)

(48,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,690

351,352

PROVISIONS FOR LIABILITIES

6

(10,398

)

(23,698

)

NET ASSETS

263,292

327,654

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserves

44,327

101,027

Retained earnings

218,865

226,527

SHAREHOLDERS' FUNDS

263,292

327,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

S L Ferguson - Director

1.	STATUTORY INFORMATION

2LM Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fizz & Friends Limited

Registered office: United Kingdom

Nature of business: Leisure and entertainment

%

Class of shares:

holding

Ordinary

100.00

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

400,000

Revaluations

(70,000

)

At 31 December 2024

330,000

NET BOOK VALUE

At 31 December 2024

330,000

At 31 December 2023

400,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

44,725

Valuation in 2020

30,000

Valuation in 2021

50,000

Valuation in 2024

(70,000

)

Cost

275,275

330,000

Investment property was valued on an open market basis in the year ended 31 December 2024 by local property agents. The directors continue to review the value of the property annually and consider the fair value to be accurate.

6.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

£

Deferred tax

10,398

23,698

Deferred tax

£

Balance at 1 January 2024

23,698

Provided during year

(13,300

)

Balance at 31 December 2024

10,398

7.	RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due within one year is a loan from S L Ferguson of £98,000 (2023: £100,000). This loan is on a rolling basis and attracts no interest.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.