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Company No: 04885448 (England and Wales)

INVESTMENT TECHNOLOGY LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

INVESTMENT TECHNOLOGY LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

INVESTMENT TECHNOLOGY LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
INVESTMENT TECHNOLOGY LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS David Peel Breare
Roger McElroy
SECRETARY Roger McElroy
REGISTERED OFFICE 2762 Davenport House 207 Regent Street
London
W1B 3HH
United Kingdom
BUSINESS ADDRESS Unit 2
Tanners Court
Tanners Lane
East Wellow
Romsey
Hampshire
SO51 6DP
COMPANY NUMBER 04885448 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
INVESTMENT TECHNOLOGY LTD

BALANCE SHEET

As at 30 September 2024
INVESTMENT TECHNOLOGY LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 26,616 34,969
26,616 34,969
Current assets
Debtors 4 59,817 41,975
Cash at bank and in hand 531,123 646,743
590,940 688,718
Creditors: amounts falling due within one year 5 ( 161,784) ( 190,403)
Net current assets 429,156 498,315
Total assets less current liabilities 455,772 533,284
Provision for liabilities 6 ( 4,543) ( 6,391)
Net assets 451,229 526,893
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 450,229 525,893
Total shareholders' funds 451,229 526,893

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Investment Technology Ltd (registered number: 04885448) were approved and authorised for issue by the Board of Directors on 26 June 2025. They were signed on its behalf by:

Roger McElroy
Director
INVESTMENT TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
INVESTMENT TECHNOLOGY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Investment Technology Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2762 Davenport House 207 Regent Street, London, W1B 3HH, United Kingdom. The principal place of business is Unit 2, Tanners Court, Tanners Lane, East Wellow, Romsey, Hampshire, SO51 6DP.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Leasehold improvements 5 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Land and buildings Leasehold improve-
ments
Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 October 2023 5,640 12,048 5,950 210,304 233,942
Additions 0 0 0 2,500 2,500
Disposals 0 0 0 ( 1,412) ( 1,412)
At 30 September 2024 5,640 12,048 5,950 211,392 235,030
Accumulated depreciation
At 01 October 2023 3,384 8,464 5,205 181,920 198,973
Charge for the financial year 564 2,410 186 7,294 10,454
Disposals 0 0 0 ( 1,013) ( 1,013)
At 30 September 2024 3,948 10,874 5,391 188,201 208,414
Net book value
At 30 September 2024 1,692 1,174 559 23,191 26,616
At 30 September 2023 2,256 3,584 745 28,384 34,969

4. Debtors

2024 2023
£ £
Prepayments 54,817 36,975
Other debtors 5,000 5,000
59,817 41,975

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 422 422
Accruals 5,025 4,800
Corporation tax 92,519 103,048
Other taxation and social security 63,472 76,959
Other creditors 346 5,174
161,784 190,403

6. Provision for liabilities

2024 2023
£ £
Deferred tax 4,543 6,391

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Related party transactions

Other related party transactions

2024 2023
£ £
Administration services provided by family member of a director 45,000 38,250