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Registered number: 10839684
Lm Residentials Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10839684
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 373,250 260,400
373,250 260,400
CURRENT ASSETS
Cash at bank and in hand 8,328 20,558
8,328 20,558
Creditors: Amounts Falling Due Within One Year 5 (122,681 ) (7,537 )
NET CURRENT ASSETS (LIABILITIES) (114,353 ) 13,021
TOTAL ASSETS LESS CURRENT LIABILITIES 258,897 273,421
Creditors: Amounts Falling Due After More Than One Year 6 (176,901 ) (176,901 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,193 ) (24,193 )
NET ASSETS 57,803 72,327
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 104,203 104,203
Profit and Loss Account (46,401 ) (31,877 )
SHAREHOLDERS' FUNDS 57,803 72,327
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Lee Macquarrie
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lm Residentials Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10839684 . The registered office is 23a Longsight, Bolton, BL2 3HS.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 260,000 1,118 - 261,118
Additions 111,713 - 1,483 113,196
As at 30 June 2025 371,713 1,118 1,483 374,314
Depreciation
As at 1 July 2024 - 718 - 718
Provided during the period - 100 246 346
As at 30 June 2025 - 818 246 1,064
Net Book Value
As at 30 June 2025 371,713 300 1,237 373,250
As at 1 July 2024 260,000 400 - 260,400
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (2 ) -
Bank loans and overdrafts 79,790 1,058
Accruals and deferred income 780 780
Director's loan account 42,113 5,699
122,681 7,537
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 176,901 176,901
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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Page 5
8. Reserves
Revaluation Reserve
£
As at 1 July 2024 104,203
As at 30 June 2025 104,203
Page 5