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Company registration number: 11167410
L.M.W. Property Services Ltd
Unaudited filleted financial statements
31 January 2026
L.M.W. Property Services Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
L.M.W. Property Services Ltd
Directors and other information
Director Miss L Walsh
Company number 11167410
Registered office 15 Dacres Drive
Greenfield
Oldham
OL3 7HP
Accountant J P Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
Bankers HSBC
109 Union Street
Oldham
OL1 1RT
L.M.W. Property Services Ltd
Statement of financial position
31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 250,000 250,000
_______ _______
250,000 250,000
Current assets
Cash at bank and in hand 4,961 1,212
_______ _______
4,961 1,212
Creditors: amounts falling due
within one year 5 ( 55,422) ( 58,723)
_______ _______
Net current liabilities ( 50,461) ( 57,511)
_______ _______
Total assets less current liabilities 199,539 192,489
Creditors: amounts falling due
after more than one year 6 ( 138,050) ( 138,050)
_______ _______
Net assets 61,489 54,439
_______ _______
Capital and reserves
Called up share capital 1 1
Fair value reserve 20,000 20,000
Profit and loss account 41,488 34,438
_______ _______
Shareholder funds 61,489 54,439
_______ _______
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:
Miss L Walsh
Director
Company registration number: 11167410
L.M.W. Property Services Ltd
Statement of changes in equity
Year ended 31 January 2026
Called up share capital Fair value reserve Profit and loss account Total
£ £ £ £
At 1 February 2024 1 - 41,693 41,694
Profit for the year 12,745 12,745
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account 20,000 ( 20,000) -
_______ _______ _______ _______
Total comprehensive income for the year - 20,000 ( 7,255) 12,745
_______ _______ _______ _______
At 31 January 2025 and 1 February 2025 1 20,000 34,438 54,439
Profit for the year 7,050 7,050
_______ _______ _______ _______
Total comprehensive income for the year - - 7,050 7,050
_______ _______ _______ _______
At 31 January 2026 1 20,000 41,488 61,489
_______ _______ _______ _______
L.M.W. Property Services Ltd
Notes to the financial statements
Year ended 31 January 2026
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 15 Dacres Drive, Greenfield, Oldham, OL3 7HP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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.
Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 February 2025 and 31 January 2026 250,000 250,000
_______ _______
Depreciation
At 1 February 2025 and 31 January 2026 - -
_______ _______
Carrying amount
At 31 January 2026 250,000 250,000
_______ _______
At 31 January 2025 250,000 250,000
_______ _______
Investment property
There was an uplift to reflect the fair value of the property as at 31 March 2025. It is considered there has been no change in the fair market value of the property since this date.
5. Creditors: amounts falling due within one year
2026 2025
£ £
Corporation tax - 286
Other creditors 55,422 58,437
_______ _______
55,422 58,723
_______ _______
6. Creditors: amounts falling due after more than one year
2026 2025
£ £
Other creditors 138,050 138,050
_______ _______
There are a fixed and floating charge held by Paragon Bank Plc which is secured on the property held by the company at 26 Clifton Street, Failsworth.
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2026
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Miss L Walsh ( 56,962) 3,015 ( 53,947)
_______ _______ _______
2025
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Miss L Walsh ( 52,203) ( 4,759) ( 56,962)
_______ _______ _______