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REGISTERED NUMBER: 02685979 (England and Wales)














LTL PARTNERS LTD

Unaudited Financial Statements

for the Year Ended 31 August 2024






LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LTL PARTNERS LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A M Prince
F Ede
A Ede





SECRETARY: J M Prince





REGISTERED OFFICE: Pendennis House
169 Eastgate
Worksop
Nottinghamshire
S80 1QS





REGISTERED NUMBER: 02685979 (England and Wales)






LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 896,401 869,799
Herd basis 5 254,393 235,590
1,150,794 1,105,389

CURRENT ASSETS
Stocks 146,069 113,789
Debtors 6 78,601 77,078
Cash at bank 12,342 10,014
237,012 200,881
CREDITORS
Amounts falling due within one year 7 271,021 290,590
NET CURRENT LIABILITIES (34,009 ) (89,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,785

1,015,680

CREDITORS
Amounts falling due after more than one
year

8

(870,333

)

(850,880

)

PROVISIONS FOR LIABILITIES (196,353 ) (130,290 )
NET ASSETS 50,099 34,510

LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5,260 5,260
Other reserves 28,931 28,931
Retained earnings 15,908 319
SHAREHOLDERS' FUNDS 50,099 34,510

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:




A M Prince - Director A Ede - Director




F Ede - Director


LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

LTL Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 1,020,709 607,345 1,628,054
Additions - 136,707 136,707
Disposals - (43,683 ) (43,683 )
At 31 August 2024 1,020,709 700,369 1,721,078
DEPRECIATION
At 1 September 2023 361,425 396,830 758,255
Charge for year 26,327 66,290 92,617
Eliminated on disposal - (26,195 ) (26,195 )
At 31 August 2024 387,752 436,925 824,677
NET BOOK VALUE
At 31 August 2024 632,957 263,444 896,401
At 31 August 2023 659,284 210,515 869,799

5. HERD BASIS
Dairy
Herd
£   
COST
At 1 September 2023 235,590
Additions 18,803
At 31 August 2024 254,393
NET BOOK VALUE
At 31 August 2024 254,393
At 31 August 2023 235,590

LTL PARTNERS LTD (REGISTERED NUMBER: 02685979)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,087 73,720
Other debtors 12,514 3,358
78,601 77,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 98,250 98,569
Hire purchase contracts 60,896 67,359
Trade creditors 93,015 115,491
Taxation and social security - 365
Other creditors 18,860 8,806
271,021 290,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 730,811 740,417
Hire purchase contracts 139,522 110,463
870,333 850,880

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 39,110 44,850
Bank loans 789,951 794,136
Hire purchase contracts 200,418 177,822
1,029,479 1,016,808