Acorah Software Products - Accounts Production 19.3.550 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04994078 A L Lorant Summit Bookkeeping Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04994078 2024-12-31 04994078 2025-12-31 04994078 2025-01-01 2025-12-31 04994078 frs-core:CurrentFinancialInstruments 2025-12-31 04994078 frs-core:ShareCapital 2025-12-31 04994078 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 04994078 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 04994078 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04994078 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04994078 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04994078 frs-bus:SmallEntities 2025-01-01 2025-12-31 04994078 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04994078 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04994078 frs-bus:Director1 2025-01-01 2025-12-31 04994078 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04994078 frs-core:CurrentFinancialInstruments 1 2025-12-31 04994078 frs-countries:EnglandWales 2025-01-01 2025-12-31 04994078 2023-12-31 04994078 2024-12-31 04994078 2024-01-01 2024-12-31 04994078 frs-core:CurrentFinancialInstruments 2024-12-31 04994078 frs-core:ShareCapital 2024-12-31 04994078 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04994078 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 04994078
LMI INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2025
LMI INVESTMENTS LIMITED
Contents
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
LMI INVESTMENTS LIMITED
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 04994078
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 470,000 485,000
470,000 485,000
CURRENT ASSETS
Cash at bank and in hand 138 652
138 652
Creditors: Amounts Falling Due Within One Year 5 (58,941 ) (68,635 )
NET CURRENT ASSETS (LIABILITIES) (58,803 ) (67,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES 411,197 417,017
NET ASSETS 411,197 417,017
CAPITAL AND RESERVES
Called up share capital 6 110,488 110,488
Income Statement 300,709 306,529
SHAREHOLDERS' FUNDS 411,197 417,017
Page 1
Page 2
LMI INVESTMENTS LIMITED
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 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 Income Statement.
On behalf of the board
A L Lorant
Director
09/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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LMI INVESTMENTS LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
LMI INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04994078 . The registered office is c/o Summit Bookkeeping Ltd, Bryn Awel, Brithdir, Dolgellau, Gwynedd, LL40 2RR.
The presentation currency is £ sterling.
The principal activity of the company continued to be that of property investment.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 Section 1A ('The Financial Reporting Standard applicable in the UK and the Republic of Ireland') and the Companies Act 2006, using the historical cost convention except for any items disclosed in the accounting policies as being shown at fair value.
2.2. Going Concern Disclosure
The Statement of Financial Position shows Net Current Liabilities at 31 December 2025 of £58,803 (2024: £67,983).  Included in this sum are director and shareholder loans totalling £53,741 (2024: £64,372).  The director and shareholder have both pledged their continuing financial support to the company by not demanding repayment of their debt unless cashflow from the company's ordinary activities allows.  
After making enquiries the director has a reasonable expectation that the company has sufficient working capital to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due.  Accordingly, the financial statements have been prepared on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes. 
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.  No depreciation is provided for.  Changes in fair value are recognised in the Statement of Income and Retained Earnings. 
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the Income Statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred taxation
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in the Income Statement for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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LMI INVESTMENTS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date.
2.7. Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.  An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.  Financial liabilities are presented as such in the Statement of Financial Position.   Finance costs and gains or losses relating to financial liabilities are included in the Income Statement.  Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any items meeting the definition of a financial liability then this is classed as an equity instrument.  Dividends and distributions relating to equity instruments are debited direct to equity.
2.8. Related party transactions
For the purposes of these financial statements, a party is considered to be related to the company if:
(i)  the party has the ability, directly or indirectly through one or more intermediaries, to   control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
(ii)  the company and the party are subject to common control;
(iii) the party is an associate of the company or a joint venture in which the company is a venturer;
(iv) the party is a member of key management personnel of the company or a close family member of such an individual or is an entity under the control, joint control or significant influence of such individuals;
(v)  the party is a close family member of a party referred to in (i) above or is an entity under the control, joint control or significant influence of such individuals;
(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company; or
(vii) the party or any member of a group of which it is part, provides key management personnel services to the company.
Close family members of an individual are those family members who may be expected to influence or be influenced by that individual in their dealings with the entity.
3. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 1 January 2025 485,000
Fair value adjustments (15,000 )
As at 31 December 2025 470,000
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Page 5
LMI INVESTMENTS LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 2,444
Corporation tax 2,657 -
Other creditors (shareholders' loans) 27,898 52,408
Accruals and deferred income 2,059 1,335
Director's loan account 26,327 12,448
58,941 68,635
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 110,488 110,488
7. Reserves
Income Statement
£
As at 1 January 2025 306,529
Loss for the year and total comprehensive income (3,820 )
Dividends paid (2,000)
As at 31 December 2025 300,709
Included in Retained Earnings at 31 December 2025 is an undistributable amount of £59,706 (2024: £74,706) arising from the unrealised revaluation of investment properties.
8. Related Party Transactions
Included in note 5 to the financial statements, Creditors: Amounts Falling Due Within One Year, are the following amounts owed by the company at 31 December 2025:
Amount owed to the director - £26,327 (2024: £12,448)
Amount owed to a shareholder (person of significant control) - £27,414 (2024: £51,924)
Investment Property
The company was the legal owner of 3 adjoining properties held under one freehold title. In order to allow for the sale of the individual properties, 3 long leases were created of which one was simultaneously sold to a third-party buyer in 2023.  As the company as freeholder, is not legally allowed to grant a lease to itself, the long leases of the remaining two properties were granted in the joint names of the company's sole director and a close family member of the director.  By virtue of the terms of Declarations of Trust dated 14 July 2023 all rights and interests in the properties arising from the long leases are held in trust wholly for the absolute entitlement of the company.
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