L M PROPERTIES 1 LTD 30/04/2025 iXBRL

Company registration number: 15645481

L M PROPERTIES 1 LTD

Unaudited financial statements

30 April 2025

L M PROPERTIES 1 LTD

Contents

Directors and other information

Directors report

Accountant's report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

L M PROPERTIES 1 LTD

Directors and other information


Directors	Mrs M N Griggs	(Appointed 14th April 2024)
	Mr M L Griggs	(Appointed 14th April 2024)


Company number	15645481


Registered office	15 Lampits Hill
	Corringham
	Stanford le Hope
	Essex
	SS17 9AA


Accountant	A W Fenn & Co
	15 Lampits Hill
	Corringham
	Stanford le Hope
	Essex
	SS17 9AA




	Bankers	Lloyds Bank
		25 Gresham Street
		London
		EC2V 7HN

L M PROPERTIES 1 LTD

Directors report

Period ended 30th April 2025

The directors present their report and the unaudited financial statements of the company for the period ended 30th April 2025.

Directors

The directors who served the company during the period were as follows:


Mrs M N Griggs				(Appointed 14th April 2024)
Mr M L Griggs				(Appointed 14th April 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 9 January 2026 and signed on behalf of the board by:

Mrs M N Griggs

Director

L M PROPERTIES 1 LTD

Report to the board of directors on the preparation of the

unaudited statutory financial statements of L M PROPERTIES 1 LTD

Period ended 30th April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of L M PROPERTIES 1 LTD for the period ended 30th April 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of L M PROPERTIES 1 LTD, as a body, in accordance with the terms of my engagement letter dated 16th October 2024. My work has been undertaken solely to prepare for your approval the financial statements of L M PROPERTIES 1 LTD and state those matters that we have agreed to state to the board of directors of L M PROPERTIES 1 LTD as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than L M PROPERTIES 1 LTD and its board of directors as a body for my work or for this report.

It is your duty to ensure that L M PROPERTIES 1 LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of L M PROPERTIES 1 LTD. You consider that L M PROPERTIES 1 LTD is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of L M PROPERTIES 1 LTD. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

A W Fenn & Co

Chartered Certified Accountants

15 Lampits Hill

Corringham

Stanford le Hope

Essex

SS17 9AA

9th January 2026

L M PROPERTIES 1 LTD

Statement of comprehensive income

Period ended 30th April 2025

		Period
		ended
		30/04/25
	Note	£


Turnover		-
Cost of sales		-
Administrative expenses		( 20,171)
Other operating income		20,074
		_______
Operating loss		( 97)

Interest payable and similar expenses		( 31,944)
		_______
Loss before taxation		( 32,041)

Tax on loss		-
		_______
Loss for the financial period and total comprehensive income		( 32,041)
		_______

All the activities of the company are from continuing operations.

L M PROPERTIES 1 LTD

Statement of financial position

30th April 2025

		30/04/25
	Note	£	£

Fixed assets
Tangible assets	4	847,000
		_______
			847,000

Current assets
Cash at bank and in hand		3,372
		_______
		3,372
Creditors: amounts falling due
within one year	5	( 264,411)
		_______
Net current liabilities			( 261,039)
			_______
Total assets less current liabilities			585,961

Creditors: amounts falling due
after more than one year	6		( 618,000)
			_______
Net liabilities			( 32,039)
			_______

Capital and reserves
Called up share capital			2
Profit and loss account			( 32,041)
			_______
Shareholders deficit			( 32,039)
			_______

For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared 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'.

These financial statements were approved by the board of directors and authorised for issue on 9 January 2026 , and are signed on behalf of the board by:

Mrs M N Griggs

Director

Company registration number: 15645481

L M PROPERTIES 1 LTD

Statement of changes in equity

Period ended 30th April 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 14th April 2024	-	-	-

Loss for the period		( 32,041)	( 32,041)
	_______	_______	_______
Total comprehensive income for the period	-	( 32,041)	( 32,041)

Issue of shares	2		2
	_______	_______	_______
Total investments by and distributions to owners	2	-	2

	_______	_______	_______
At 30th April 2025	2	( 32,041)	( 32,039)
	_______	_______	_______

L M PROPERTIES 1 LTD

Notes to the financial statements

Period ended 30th April 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 15 Lampits Hill, Corringham, Stanford le Hope, Essex, SS17 9AA.

2. Statement of compliance

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Freehold property	-	No provision made

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property	Total
	£	£
Cost
At 14th April 2024	-	-
Additions	847,000	847,000
	_______	_______
At 30th April 2025	847,000	847,000
	_______	_______
Depreciation
At 14th April 2024 and 30th April 2025	-	-
	_______	_______
Carrying amount
At 30th April 2025	847,000	847,000
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	Additions	847,000
		_______

5. Creditors: amounts falling due within one year

			30/04/25
			£
	Other creditors		264,411
			_______

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

			30/04/25
			£
	Bank loans and overdrafts		618,000
			_______

The bank loans are secured by a legal mortgage over the properties owned by the company as follows:- 2 Martins Close, Stanford le Hope, Essex SS17 8AB mortgage over 19 years 4 months from July 2024 6 Ellie Close, Stanford le Hope, Essex SS17 0GZ mortgage over 5 years from March 2025. The

7. Related party transactions

As at 30th April 2024 the company owes its directors £263,241.

8. Controlling party

The company is controlled by its directors.