Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30truefalse2022-10-01No description of principal activity15trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 1634366 2022-10-01 2023-09-30 1634366 2021-10-01 2022-09-30 1634366 2023-09-30 1634366 2022-09-30 1634366 c:Director4 2022-10-01 2023-09-30 1634366 c:Director5 2022-10-01 2023-09-30 1634366 d:Buildings 2022-10-01 2023-09-30 1634366 d:Buildings 2023-09-30 1634366 d:Buildings 2022-09-30 1634366 d:FurnitureFittings 2022-10-01 2023-09-30 1634366 d:CurrentFinancialInstruments 2023-09-30 1634366 d:CurrentFinancialInstruments 2022-09-30 1634366 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 1634366 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 1634366 d:ShareCapital 2023-09-30 1634366 d:ShareCapital 2022-09-30 1634366 d:RetainedEarningsAccumulatedLosses 2023-09-30 1634366 d:RetainedEarningsAccumulatedLosses 2022-09-30 1634366 c:FRS102 2022-10-01 2023-09-30 1634366 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 1634366 c:FullAccounts 2022-10-01 2023-09-30 1634366 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 1634366 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 1634366









L.T.D.A. (ENTERPRISES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF L.T.D.A. (ENTERPRISES) LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L.T.D.A. (ENTERPRISES) LIMITED for the year ended 30 September 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of L.T.D.A. (ENTERPRISES) LIMITED, as a body, in accordance with the terms of our engagement letter dated 14 October 2020Our work has been undertaken solely to prepare for your approval the financial statements of L.T.D.A. (ENTERPRISES) LIMITED and state those matters that we have agreed to state to the Board of Directors of L.T.D.A. (ENTERPRISES) LIMITED, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L.T.D.A. (ENTERPRISES) LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that L.T.D.A. (ENTERPRISES) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L.T.D.A. (ENTERPRISES) LIMITED. You consider that L.T.D.A. (ENTERPRISES) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of L.T.D.A. (ENTERPRISES) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Milton Avis LLP
 
Chartered Accountants
  
Pitt House
120 Baker Street
London
W1U 6TU
25 September 2024
Page 1

 
L.T.D.A. (ENTERPRISES) LIMITED
REGISTERED NUMBER: 1634366

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
16,017,455

  
-
16,017,455

Current assets
  

Debtors: amounts falling due within one year
 6 
30,139
2,335,648

Cash at bank and in hand
 7 
9,884
2,747

  
40,023
2,338,395

Creditors: amounts falling due within one year
 8 
-
(16,212)

Net current assets
  
 
 
40,023
 
 
2,322,183

Total assets less current liabilities
  
40,023
18,339,638

  

Net assets
  
40,023
18,339,638


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
30,023
18,329,638

  
40,023
18,339,638


Page 2

 
L.T.D.A. (ENTERPRISES) LIMITED
REGISTERED NUMBER: 1634366
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2024.




................................................
P Brennan
................................................
A Street
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company is limited by shares and is incorporated in England and Wales with 1634366 with a registered office at 133 Great Suffolk Street, London, SE1 1PP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Enter text here - user input

  
2.2

Interest Income

Interest income is recognised in profit or loss on funds due on a cash recieved basis. 

  
2.3

Going Concern

The directors of the company have prepared the financial statements on a going concern basis which assumes the company will be able to meet its future obligations as they fall due and the company will settle all payments within the agreed terms. The directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis. 

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold Buildings
-
2%
Straight line on the building cost only
Fixtures and fittings
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In application of the Company's accounting policies. Management are required to make judgements, estimations and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. 
The estimation and underlying assumptions are based on historical experience and other factors that are considered to be relevant. These assumptions are reviewed on a ongoing basis. 
Criticial judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. 
Management decided to recognise the valuation of land and buildings, as described in note 9 to the financial statements. 133 Great Suffolk Street has been valued by CPRA group limited. Management have recognised depreciation on the building only. The surveyor used the overall net internal floor plans prepared by architects. From this the surveyor estimated the portion of the valuation is related to the building itself. 


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 5).

Page 6

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Freehold property

£





At 1 October 2022
16,467,681


Disposals
(16,467,681)



At 30 September 2023

-





At 1 October 2022
450,226


Disposals
(450,226)



At 30 September 2023

-



Net book value



At 30 September 2023
-



At 30 September 2022
16,017,455

The freehold property has been transferred to the parent association at book value in the year.  

Page 7

 
L.T.D.A. (ENTERPRISES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
30,139
2,110,106

Other debtors
-
225,542

30,139
2,335,648



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,884
2,747

9,884
2,747



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
-
16,212

-
16,212



9.


Controlling party

The company is a wholly owned subsidiary of the Licensed Taxi Drivers' Association Limited, a co-operative registered under the Co-operative and Community Benefit Societies Act 2014.

 
Page 8