L M Investment Co (St James's) Limited - Period Ending 2021-04-05

L M Investment Co (St James's) Limited

(Registration number: 00701092)
Balance Sheet as at 5 April 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	3	32,394	32,394
Current assets
Debtors	4	95,305	95,305
Net assets		127,699	127,699
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		127,599	127,599
Total equity		127,699	127,699

For the financial year ending 5 April 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and the Director's Report has been taken.

Approved and authorised by the director on 11 July 2021
 

.........................................

D L Mason OBE

Director

L M Investment Co (St James's) Limited

Notes to the Financial Statements for the Year Ended 5 April 2021

1	General information

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

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The company is dormant and did not trade in the period.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Tangible assets

Freehold property is measured at cost. The residual value is expected to exceed original cost and accordingly no depreciation is charged in the accounts.

Debtors

Debtors comprise a loan to the parent company, interest free and payable on demand. The loan is measured at cost.

3	Tangible assets

	Freehold land and buildings £	Total £
Cost and carrying amount
At 6 April 2020	32,394	32,394
At 5 April 2021	32,394	32,394

4

Debtors

	2021 £	2020 £
Amounts owed by parent company	95,305	95,305

L M Investment Co (St James's) Limited

Notes to the Financial Statements for the Year Ended 5 April 2021

5	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

6	Related party transactions

Tangible fixed assets constitute a freehold property, which is occupied rent free by the parent company, MacConnal Mason & Son Limited. In addition the company has a loan outstanding to the parent, which is interest free and repayable on demand. At 5 April 2021 the amount due from MacConnal Mason & Son Limited was £95,305 (2020 - £95,305).
 

7

Control

The company's immediate and ultimate parent is MacConnal Mason & Son Limited, incorporated in England & Wales, with its registered office at 22 Chancery Lane, London, WC2A 1LS. The ultimate controlling party is the director D L Mason OBE.