1 March 2023 false Taxfiler 2024.6 13989274business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139892742023-02-28 139892742023-03-012024-02-29 13989274business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13989274business:FilletedAccounts2023-03-012024-02-29 139892742024-02-29 13989274business:Director12023-03-012024-02-29 13989274business:Director22023-03-012024-02-29 13989274business:RegisteredOffice2023-03-012024-02-29 139892742023-02-28 13989274core:WithinOneYear2024-02-29 13989274core:WithinOneYear2023-02-28 13989274core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13989274core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13989274core:RevaluationReservecore:PreviouslyStatedAmount2024-02-29 13989274core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 13989274core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13989274core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13989274core:PreviouslyStatedAmount2024-02-29 13989274core:PreviouslyStatedAmount2023-02-28 13989274business:SmallEntities2023-03-012024-02-29 13989274countries:EnglandWales2023-03-012024-02-29 13989274core:RevaluationInvestmentPropertyDeferredTax2024-02-29 13989274core:RevaluationInvestmentPropertyDeferredTax2023-02-28 139892742022-03-18 139892742022-03-192023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13989274 (England and Wales)
LTAC Investments Ltd Unaudited accounts for the year ended 29 February 2024
LTAC Investments Ltd Unaudited accounts Contents
Page
- 2 -
LTAC Investments Ltd Company Information for the year ended 29 February 2024
Directors
Amanda Cooper Lewis Tomas Cooper
Company Number
13989274 (England and Wales)
Registered Office
39 NEW ROAD OVER CAMBRIDGE CAMBRIDGESHIRE CB24 5PJ ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
LTAC Investments Ltd Accountants' report
Accountants' report to the board of directors of LTAC Investments Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LTAC Investments Ltd for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LTAC Investments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of LTAC Investments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LTAC Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LTAC Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LTAC Investments Ltd. You consider that LTAC Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LTAC Investments Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 2 October 2024
- 4 -
LTAC Investments Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
130,000 
130,000 
Current assets
Cash at bank and in hand
5,341 
810 
Creditors: amounts falling due within one year
(118,358)
(117,703)
Net current liabilities
(113,017)
(116,893)
Total assets less current liabilities
16,983 
13,107 
Provisions for liabilities
Deferred tax
(3,273)
(3,273)
Net assets
13,710 
9,834 
Capital and reserves
Called up share capital
12 
12 
Revaluation reserve
11,068 
11,068 
Profit and loss account
2,630 
(1,246)
Shareholders' funds
13,710 
9,834 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Amanda Cooper Director Company Registration No. 13989274
- 5 -
LTAC Investments Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LTAC Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13989274. The registered office is 39 NEW ROAD, OVER, CAMBRIDGE, CAMBRIDGESHIRE, CB24 5PJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
130,000 
At 29 February 2024
130,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
655 
- 
Loans from directors
116,803 
116,803 
Accruals
900 
900 
118,358 
117,703 
- 6 -
LTAC Investments Ltd Notes to the Accounts for the year ended 29 February 2024
6
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
3,273 
3,273 
2024 
2023 
£ 
£ 
Provision at start of year
3,273 
- 
Charged to the profit and loss account
- 
3,273 
Provision at end of year
3,273 
3,273 
Comparatives have been restated for deferred tax on revaluation of investment properties.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -