| L & M Partners Limited |
| Registered number: |
06420910 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
40,091 |
|
|
2,424 |
|
| Current assets |
| Debtors |
4 |
|
13,888 |
|
|
14,945 |
| Investments held as current assets |
5 |
|
31,569 |
|
|
53,952 |
| Cash at bank and in hand |
|
|
6,552 |
|
|
12,829 |
|
|
|
52,009 |
|
|
81,726 |
|
| Creditors: amounts falling due within one year |
6 |
|
(42,996) |
|
|
(60,486) |
|
| Net current assets |
|
|
|
9,013 |
|
|
21,240 |
|
| Net assets |
|
|
|
49,104 |
|
|
23,664 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
49,004 |
|
|
23,564 |
|
| Shareholders' funds |
|
|
|
49,104 |
|
|
23,664 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P W W Lau |
| Director |
| Approved by the board on 18 August 2026 |
|
| L & M Partners Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the invoiced sales to customers and accrued income, including disbursements. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipment |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
Investments |
|
Listed investments are stated at cost. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
23,462 |
|
47,165 |
|
70,627 |
|
Additions |
- |
|
51,727 |
|
51,727 |
|
Disposals |
- |
|
(47,165) |
|
(47,165) |
|
At 31 December 2025 |
23,462 |
|
51,727 |
|
75,189 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
21,039 |
|
47,164 |
|
68,203 |
|
Charge for the year |
1,127 |
|
12,932 |
|
14,059 |
|
On disposals |
- |
|
(47,164) |
|
(47,164) |
|
At 31 December 2025 |
22,166 |
|
12,932 |
|
35,098 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
1,296 |
|
38,795 |
|
40,091 |
|
At 31 December 2024 |
2,423 |
|
1 |
|
2,424 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Accrued income |
7,086 |
|
4,905 |
|
Trade debtors |
6,400 |
|
9,218 |
|
Other debtors and prepayments |
402 |
|
822 |
|
|
|
|
|
|
13,888 |
|
14,945 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
|
Listed investments at cost |
31,569 |
|
53,952 |
|
|
|
|
|
|
|
|
|
|
Listed investments at market value |
70,428 |
|
78,530 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Corporation tax |
1,208 |
|
2,209 |
|
Other taxes and social security costs |
168 |
|
120 |
|
Other creditors and accruals |
41,620 |
|
58,157 |
|
|
|
|
|
|
42,996 |
|
60,486 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
L & M Partners Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
454 Ewell Road |
|
Surbiton |
|
Surrey |
|
KT6 7EL |