LMH Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14018512

LMH Limited

Filleted Unaudited Financial Statements

31 March 2025

LMH Limited

Financial Statements

Period ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

LMH Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,470,945	1,491,261

Current assets

Debtors	6	17,854	29,457
Cash at bank and in hand		2,139	313
		--------	--------
		19,993	29,770

Creditors: amounts falling due within one year	7	597,611	547,485
		---------	---------
Net current liabilities		577,618	517,715
		------------	------------
Total assets less current liabilities		893,327	973,546

Creditors: amounts falling due after more than one year	8	1,001,063	1,001,063
		------------	------------
Net liabilities		( 107,736)	( 27,517)
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 107,836)	( 27,617)
	---------	--------
Shareholders deficit	( 107,736)	( 27,517)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LMH Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr L S McKay
Director

Company registration number: 14018512

LMH Limited

Notes to the Financial Statements

Period ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Bms Industrial Estate, Dengemarsh Road, Lydd, Kent, TN29 9JH, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2024: 1 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,435,000	59,379	27,356	1,521,735
	------------	--------	--------	------------
Depreciation
At 1 April 2024	–	22,267	8,207	30,474
Charge for the period	–	14,845	5,471	20,316
	------------	--------	--------	------------
At 31 March 2025	–	37,112	13,678	50,790
	------------	--------	--------	------------
Carrying amount
At 31 March 2025	1,435,000	22,267	13,678	1,470,945
	------------	--------	--------	------------
At 31 March 2024	1,435,000	37,112	19,149	1,491,261
	------------	--------	--------	------------

Investment property is recorded at open market value as required under FRS 102. The investment property above was acquired during the prior period at the market value at the date of acquisition. The director does not consider that the market value of this property has changed from the date of acquisition to 31 March 2025. Investment properties are held at open market value and no depreciation is charged.

6. Debtors

	2025	2024
	£	£
Trade debtors	–	6,300
Other debtors	17,854	23,157
	--------	--------
	17,854	29,457
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	160	1,471
Amounts owed to group undertakings and undertakings in which the company has a participating interest	592,951	542,600
Other creditors	4,500	3,414
	---------	---------
	597,611	547,485
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,001,063	1,001,063
	------------	------------

At the balance sheet date, Together Commercial Finance Limited held fixed and floating charges over the assets of the company.

9. Related party transactions

At the year end the company owed £592,951 (2024: £542,600) to group companies.

10. Controlling party

The company's parent undertaking is HRS Construction Services (Kent) Ltd (Company number: 08658449) a company registered in England and Wales at Unit 1 Dengemarsh Road, Lydd, Romney Marsh, Kent, TN29 9JH. The company's ultimate parent undertaking is McKay Group Limited (Company number: 12393405) a company registered in England and Wales at Unit 1, Bms Industrial Estate, Dengemarsh Road, Lydd, Kent, United Kingdom, TN29 9JH.