LTI (London) Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 13734174

LTI (LONDON) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 November 2022

LTI (LONDON) LIMITED

BALANCE SHEET

28 November 2022

	28 Nov 22
Note	£	£

FIXED ASSETS

Investments	5		100

CURRENT ASSETS

Debtors	6	734

CREDITORS: amounts falling due within one year	7	( 340)
		----
NET CURRENT ASSETS			394
			----
TOTAL ASSETS LESS CURRENT LIABILITIES			494
			----
NET ASSETS			494
			----

CAPITAL AND RESERVES

Called up share capital		1,000
Profit and loss account		( 506)
		-------
SHAREHOLDER FUNDS		494
		-------

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 profit and loss account has not been delivered.

For the Period ending 28 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 7 May 2024 , and are signed on behalf of the board by:

Mr J Feldman

Director

Company registration number: 13734174

LTI (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 10 NOVEMBER 2021 TO 28 NOVEMBER 2022

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, NW11 0PU, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Judgements and key sources of estimation uncertainty

There are no judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income. Current tax is expected tax payable or receivable on the taxable income or loss for the year, using rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period was nil.

5. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 10 November 2021	–
Additions	100
	----
At 28 November 2022	100
	----
Impairment
At 10 November 2021 and 28 November 2022	–
	----

Carrying amount
At 28 November 2022	100
	----

The company owns 100% of the ordinary shares of LTI Cheltenham Limited (Company No.13750116) and indirectly owns 100% of the ordinary shares of LTI Cheltenham 1 Limited (Company No.13752473), companies incorporated and registered in England and Wales.

6. DEBTORS

	28 Nov 22
	£
Other debtors	734
	----

7. CREDITORS: amounts falling due within one year

	28 Nov 22
	£
Amounts owed to group undertakings	100
Other creditors	240
	----
	340
	----

8. PARENT COMPANY AND CONTROLLING PARTY

The company has no controlling party.