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REGISTERED NUMBER: 07725725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024

FOR

LDT INSURANCE LTD

LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,991 195,665

CURRENT ASSETS
Debtors 5 1,732,840 1,739,571
Cash at bank and in hand 397,332 265,428
2,130,172 2,004,999
CREDITORS
Amounts falling due within one year 6 469,075 343,728
NET CURRENT ASSETS 1,661,097 1,661,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,833,088

1,856,936

CREDITORS
Amounts falling due after more than one
year

7

(62,687

)

(75,212

)

PROVISIONS FOR LIABILITIES (21,994 ) (18,932 )
NET ASSETS 1,748,407 1,762,792

CAPITAL AND RESERVES
Called up share capital 9 20,100 20,100
Retained earnings 1,728,307 1,742,692
SHAREHOLDERS' FUNDS 1,748,407 1,762,792

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





T F Suleman - Director


LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

LDT Insurance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07725725

Registered office: 36 Cameron Road
Ilford
Essex
IG3 8LB

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 2,518 15,515 104,000 25,705 147,738
Additions - - 105,000 3,783 108,783
At 31 August 2024 2,518 15,515 209,000 29,488 256,521
DEPRECIATION
At 1 March 2024 2,518 9,070 31,200 16,670 59,458
Charge for period - 967 20,900 3,205 25,072
At 31 August 2024 2,518 10,037 52,100 19,875 84,530
NET BOOK VALUE
At 31 August 2024 - 5,478 156,900 9,613 171,991
At 29 February 2024 - 6,445 72,800 9,035 88,280

LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024


5. DEBTORS
2024 2024
£    £   
Amounts falling due within one year:
Trade debtors 87,144 109,730
Amounts owed by connected undertakings 1,513,495 863,495
Other debtors 35,413 15,958
1,636,052 989,183

Amounts falling due after more than one year:
Other debtors 96,788 750,388

Aggregate amounts 1,732,840 1,739,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 22,991 33,466
Taxation and social security 103,516 101,047
Other creditors 332,568 199,215
469,075 343,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Bank loans (see note 8) 7,500 12,500
Hire purchase contracts 32,509 40,034
Other creditors 22,678 22,678
62,687 75,212

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase (11,751 ) (14,849 )

LDT INSURANCE LTD (REGISTERED NUMBER: 07725725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,500 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
20,100 Ordinary £1 20,100 20,100

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2024
£    £   
Amounts owed by/(to) T F Suleman (Director) 18,515 (5,851 )
Amounts owed by/(to) FTA Venture Limited, a connected company 330,495 330,495
Amounts owed by/(to) LDT Homes Limited, a connected company 350,000 -
Amounts owed by/(to) LDT Real Estate Limited, a connected company 833,000 533,000

The director's loan was fully repaid on the 1st October 2024.

Connected Undertakings:
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is T F Suleman.