LRCM20 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC679697 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

LRCM20 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr L A Rhind

Dr C McArdle

REGISTERED OFFICE:

101 Rose Street South Lane

Edinburgh

Lothian

EH2 3JG

REGISTERED NUMBER:

SC679697 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Tangible assets

4

87,117

87,325

CURRENT ASSETS

Debtors

5

-

715

Cash at bank

4,028

1,006

4,028

1,721

CREDITORS

Amounts falling due within one year

6

117,908

115,824

NET CURRENT LIABILITIES

(113,880

)

(114,103

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,763

)

(26,778

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(26,863

)

(26,878

)

SHAREHOLDERS' FUNDS

(26,763

)

(26,778

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

Dr L A Rhind - Director

Dr C McArdle - Director

1.	STATUTORY INFORMATION

LRCM20 Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight Line over 3 years

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 December 2024

and 30 November 2025

86,495

1,992

1,809

90,296

DEPRECIATION

At 1 December 2024

-

1,162

1,809

2,971

Charge for year

-

208

-

208

At 30 November 2025

-

1,370

1,809

3,179

NET BOOK VALUE

At 30 November 2025

86,495

622

-

87,117

At 30 November 2024

86,495

830

-

87,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

-

715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Directors' current accounts

113,768

Accrued expenses

4,140

2,056

117,908

115,824

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

Dr C McArdle

Balance outstanding at start of year

(54,049

)

(52,849

)

Amounts repaid

-

(1,200

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(54,049

)

(54,049

)

Dr L A Rhind

Balance outstanding at start of year

(59,719

)

(58,719

)

Amounts repaid

-

(1,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(59,719

)

(59,719

)