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Registered number: 09908175
LMO Property Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
LMO Property Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
LMO Property Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 09908175

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,052 |  | 2,119
Investment Properties | 5 |  | 5,253,952 |  | 5,462,900
|  |  | 5,255,004 |  | 5,465,019
CURRENT ASSETS
Debtors | 6 | 35,002 |  | 47,189 |
Cash at bank and in hand |  | 27,264 |  | 55,901 |
|  | 62,266 |  | 103,090 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,871,036 ) |  | (2,966,355 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,808,770 ) |  | (2,863,265 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,446,234 |  | 2,601,754
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,051,910 ) |  | (2,051,910 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (36,341 ) |  | -
NET ASSETS |  |  | 357,983 |  | 549,844
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Other reserves |  |  | 109,922 |  | 354,947
Profit and Loss Account |  |  | 247,961 |  | 194,797
SHAREHOLDERS' FUNDS |  |  | 357,983 |  | 549,844

Page 1
Page 2
LMO Property Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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 directors acknowledge their 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 Profit and Loss Account.
On behalf of the board

Mr M Oakes Director
3 August 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
LMO Property Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
LMO Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09908175 . The registered office is Rps Grosvenor House, 22 Grafton St, Altrincham, WA14 1DU with the principal places of business being the different properties in the companies portfolio.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and include the revaluation of investment properties. The principal accounting policies adopted are set out below.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover represents rental income receivable from the company’s investment properties, net of value added tax where applicable.
This rental income from operating leases (net of any incentives given to the lesee), is recognised on a straight-line basis over the term of the relevant lease.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% Straight Line
Computer Equipment | 20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2.4. Investment Properties
Investment property is shown at most recent valuation which is the equivalent of the cost price. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
The fair value of the investment property has been arrived at on the basis of a valuation carried out the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Page 3
Page 4
LMO Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 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 profit or loss 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.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except for where the effect of discounting would be considered immaterial, in which case they are stated at cost less impairment losses for bad and doubtful debts.
2.7. Trade and other creditors
Trade and other creditors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
2.8. Cash and cash equivalents
Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 April 2025 | 21,665 | 3,319 | 24,984
Disposals | (17,564 ) | (448 ) | (18,012 )
As at 31 March 2026 | 4,101 | 2,871 | 6,972
Depreciation
As at 1 April 2025 | 20,532 | 2,333 | 22,865
Provided during the period | 821 | 246 | 1,067
Disposals | (17,564 ) | (448 ) | (18,012 )
As at 31 March 2026 | 3,789 | 2,131 | 5,920

...CONTINUED
Page 4
Page 5
LMO Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026 | 312 | 740 | 1,052
As at 1 April 2025 | 1,133 | 986 | 2,119

5. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 April 2025 | 5,462,900
Additions | -
Fair value adjustments | (208,948 )
As at 31 March 2026 | 5,253,952

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Cost | 5,109,642 |  | 5,109,642

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,380 |  | 31,398
Other debtors | 31,622 |  | 15,791
| 35,002 |  | 47,189

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 24,689 |  | 9,995
Other creditors | 2,829,619 |  | 2,936,378
Taxation and social security | 16,728 |  | 19,982
| 2,871,036 |  | 2,966,355

Included within other creditors, is a loan owing to the Directors of £2,687,328 (2025: £2,790,977) . This loan is unsecured, interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 2,051,910 |  | 2,051,910

Page 5
Page 6
LMO Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
9. Secured Creditors
Of the creditors the following amounts are secured by fixed and floating charges held by Svenska Handlesbanken Ab (Publ) and Bh Family Holdings (Ptc) Limited.

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 2,051,910 |  | 2,051,910

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

11. Ultimate Controlling Party
The company's ultimate controlling parties are Mr M & Mrs L Oakes by virtue of their equal joint ownership of 100% of the issued share capital in the company.
Page 6