LTMP Consultancy Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

LTMP Consultancy Ltd

(Registration number: 10171764)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	479,773	495,932
Investment property	5	194,602	194,602
		674,375	690,534
Current assets
Stocks	6	39,936	20,994
Debtors	7	15,396	85,519
Cash at bank and in hand		38,945	3,995
		94,277	110,508
Creditors: Amounts falling due within one year	8	(85,463)	(146,840)
Net current assets/(liabilities)		8,814	(36,332)
Total assets less current liabilities		683,189	654,202
Creditors: Amounts falling due after more than one year	8	(92,332)	(95,844)
Provisions for liabilities		(45,687)	(45,798)
Net assets		545,170	512,560
Capital and reserves
Called up share capital		30	30
Capital redemption reserve		60	60
Profit and loss account		545,080	512,470
Shareholders' funds		545,170	512,560

LTMP Consultancy Ltd

(Registration number: 10171764)
Statement of Financial Position as at 31 December 2025 (continued)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 4 September 2026 and signed on its behalf by:
 

Mr G N Maunder Director

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
94 Fore Street
Kingsbridge
Devon
TQ7 1PP

Principal activity

The principal activity of the company is that of a real estate agent primarily dealing with land transactions.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% and 20% reducing balance
Motor vehicles	15% reducing balance
Office Equipment	25% reducing balance

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors.The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	307,230	129,537	4,045	121,493	562,305
Additions	-	14,503	3,385	-	17,888
At 31 December 2025	307,230	144,040	7,430	121,493	580,193
Depreciation
At 1 January 2025	-	38,005	-	28,368	66,373
Charge for the year	-	18,902	1,177	13,968	34,047
At 31 December 2025	-	56,907	1,177	42,336	100,420
Carrying amount
At 31 December 2025	307,230	87,133	6,253	79,157	479,773
At 31 December 2024	307,230	91,532	4,045	93,125	495,932

Included within the net book value of land and buildings above is £307,230 (2024 - £307,230) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
At 1 January	194,602
At 31 December	194,602

There has been no valuation of investment property by an independent valuer.

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Stocks

	2025 £	2024 £
Closing biological assets	39,936	20,994

7

Debtors

	2025 £	2024 £
Trade debtors	4,394	2,960
Amounts owed by related parties	260	60,648
Other debtors	9,650	-
Prepayments	1,092	244
Accrued income	-	21,667
	15,396	85,519
Less non-current portion	-	(5,648)
	15,396	79,871

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	10	12,561	17,068
Trade creditors		1,902	15,324
Taxation and social security		66,955	64,869
Accruals and deferred income		4,045	4,045
Other creditors		-	45,534
		85,463	146,840

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	10	92,332	95,844

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	92,332	95,844

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,561	13,276
Hire purchase contracts	-	3,792
	12,561	17,068

LTMP Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

10	Loans and borrowings (continued)

Bank borrowings

A charge is held by National Westminster Bank PLC dated 2 April 2024. The charge contains fixed and floating charge covering all the property or undertaking of the company. A charge is held by National Westminster Bank PLC dated 19 April 2024. The charge contains a fixed charge over the land on the west side of Parsonage Road, Newton Ferrers, Plymouth, PL8 1AT which is included in investment properties.

11	Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:
 

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Directors Loan	(45,537)	68,668	(13,480)	9,651

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Directors Loan	(160,243)	163,706	(49,000)	(45,537)

Loans To / (From) related parties

2025	Associates £	Total £
At start of period	60,648	60,648
Advanced	75,269	75,269
Repaid	(140,864)	(140,864)
Interest transactions	5,207	5,207
At end of period	260	260

2024	Associates £	Total £
At start of period	101,243	101,243
Advanced	50,000	50,000
Repaid	(100,959)	(100,959)
Interest transactions	10,364	10,364
At end of period	60,648	60,648