LMH Projects Limited - Filleted accounts

LMH PROJECTS LIMITED - Company Information

Registered number

11778624

LMH Projects Limited

Filleted Accounts

31 December 2019

LMH Projects Limited
Registered number:		11778624
Balance Sheet
as at 31 December 2019

Notes			2019
£
Fixed assets
Tangible assets	3		1,325

Current assets
Debtors	4	892
Cash at bank and in hand		15,218
		16,110

Creditors: amounts falling due within one year	5	(16,606)

Net current liabilities			(496)

Net assets			829

Capital and reserves
Called up share capital			1
Profit and loss account			828

Shareholder's funds			829

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 member has 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.




L M Hattendorf
Director
Approved by the board on 27 July 2020

LMH Projects Limited
Notes to the Accounts
for the period from 21 January 2019 to 31 December 2019


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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Computer Equipment	over 3 years
	Fixtures, fittings, tools and equipment	over 5 years

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2019
Number

	Average number of persons employed by the company		1


3	Tangible fixed assets
				Computer Equipment
£
	Cost
	Additions			1,948
	At 31 December 2019			1,948

	Depreciation
	Charge for the period			623
	At 31 December 2019			623

	Net book value
	At 31 December 2019			1,325


4	Debtors		2019
£

	Other debtors		892


5	Creditors: amounts falling due within one year		2019
£

	Taxation and social security costs		16,606


6	Other information

	LMH Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
	68 Hatfield Road
	London
	W41AF