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Company Registration No. 09566522 (England and Wales)
LTM Properties Limited Unaudited accounts for the year ended 30 April 2025
LTM Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LTM Properties Limited Company Information for the year ended 30 April 2025
Director
Mrs T Penfold
Company Number
09566522 (England and Wales)
Registered Office
Stills Billingshurst Road Wisborough Green, Billingshurst West Sussex RH14 0DY
Accountants
Susan Appleton Accountancy Ltd 2 Carters Way Wisborough Green Billingshurst West Sussex RH14 0BY
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LTM Properties Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
431
Investment property
5
715,000
715,000
715,000
715,431
Current assets
Debtors
6
1,539
1,664
Cash at bank and in hand
596
1,068
2,135
2,732
Creditors: amounts falling due within one year
7
(563,602)
(488,954)
Net current liabilities
(561,467)
(486,222)
Total assets less current liabilities
153,533
229,209
Creditors: amounts falling due after more than one year
8
(650)
(78,482)
Provisions for liabilities
Deferred tax
(25,933)
(25,933)
Net assets
126,950
124,794
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
126,850
124,694
Shareholders' funds
126,950
124,794
For the year ending 30 April 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2026 and were signed on its behalf by
Mrs T Penfold Director Company Registration No. 09566522
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LTM Properties Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
LTM Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09566522. The registered office is Stills, Billingshurst Road, Wisborough Green, Billingshurst, West Sussex, RH14 0DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The financial statements have been prepared on a going concern basis on the assumption of the continued finanacial support of the directors. If this assumption proves to be inappropriate then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% of cost.
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LTM Properties Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 May 2024
1,724
At 30 April 2025
1,724
Depreciation
At 1 May 2024
1,293
Charge for the year
431
At 30 April 2025
1,724
Net book value
At 30 April 2025
-
At 30 April 2024
431
5
Investment property
2025
£
Fair value at 1 May 2024
715,000
At 30 April 2025
715,000
The investment properties class of fixed assets was revalued on 30 April 2024 by the director who is internal to the company. The basis of this valuation was open market basis subject to existing leases. If the properties had been sold at 30 April 2024 at valuation, it is estimated that taking into consideration costs and indexation allowances, corporation tax of £25,933 would be payable on the gain. This class of assets has a current value of £715,000 (2023 : £639,985) and a carrying amount at historical cost of £566,328 (2023 : £566,328). The depreciation on this historic cost is £nil.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,539
1,664
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
290
1,016
Other creditors
1,163
2,061
Loans from directors
560,119
476,301
Accruals
1,818
9,370
Deferred income
212
206
563,602
488,954
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LTM Properties Limited Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
78,482
Taxes and social security
650
-
650
78,482
The company has a loan with Precise Mortgages of £80,438 (2023: £83064) secured on one of the investment properties.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Mrs T Penfold (Director) At the balance sheet date the amount owed to Mrs T Penfold was £476,301 (2023 : £487,161).
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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