Company Registration No. 09566522 (England and Wales)
LTM Properties Limited
Unaudited accounts
for the year ended 30 April 2026
LTM Properties Limited
Unaudited accounts
Contents
LTM Properties Limited
Company Information
for the year ended 30 April 2026
Company Number
09566522 (England and Wales)
Registered Office
Stills
Billingshurst Road
Wisborough Green, Billingshurst
West Sussex
RH14 0DY
Accountants
Susan Appleton Accountancy Ltd
2 Carters Way
Wisborough Green
Billingshurst
West Sussex
RH14 0BY
LTM Properties Limited
Statement of financial position
as at 30 April 2026
Investment property
715,000
715,000
Cash at bank and in hand
1,685
596
Creditors: amounts falling due within one year
(423,133)
(564,252)
Net current liabilities
(419,668)
(562,117)
Total assets less current liabilities
295,332
152,883
Creditors: amounts falling due after more than one year
(150,015)
-
Provisions for liabilities
Deferred tax
(25,933)
(25,933)
Net assets
119,384
126,950
Called up share capital
100
100
Profit and loss account
119,284
126,850
Shareholders' funds
119,384
126,950
For the year ending 30 April 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2026 and were signed on its behalf by
Mrs T Penfold
Director
Company Registration No. 09566522
LTM Properties Limited
Notes to the Accounts
for the year ended 30 April 2026
LTM Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09566522. The registered office is Stills, Billingshurst Road, Wisborough Green, Billingshurst, West Sussex, RH14 0DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets are not recognised.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The financial statements have been prepared on a going concern basis on the assumption of the continued finanacial support of the directors. If this assumption proves to be inappropriate then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% of cost.
LTM Properties Limited
Notes to the Accounts
for the year ended 30 April 2026
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2025
715,000
The investment properties class of fixed assets was revalued on 30 April 2026 by the director who is internal to the company. The basis of this valuation was open market basis subject to existing leases.
If the properties had been sold at 30 April 2026 at valuation, it is estimated that taking into consideration costs and indexation allowances, corporation tax of £25,933 would be payable on the gain.
This class of assets has a current value of £715,000 (2025 : £715,000) and a carrying amount at historical cost of £566,328 (2025 : £566,328). The depreciation on this historic cost is £nil.
Amounts falling due within one year
Accrued income and prepayments
1,780
1,539
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
(650)
650
Loans from directors
420,049
560,119
LTM Properties Limited
Notes to the Accounts
for the year ended 30 April 2026
8
Creditors: amounts falling due after more than one year
2026
2025
The company has a commercial interest-only mortgage loan of £150,015 (2025: £nil) secured on one of the investment properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Mrs T Penfold (Director)
During the year, the company received an unsecured loan from Mrs T Penfold, a director and shareholder of the company. At 30 April 2026 the balance was £420,049 (2025 : £560,119). The loan carried interest at a variable rate and was repayable on demand.
11
Average number of employees
During the year the average number of employees was 1 (2025: 1).