ACCOUNTS - Final Accounts preparation

Company registration number: 09580261

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	LTI TECHNOLOGY SOLUTIONS LIMITED


LTI TECHNOLOGY SOLUTIONS LIMITED

COMPANY INFORMATION

Directors	S C Bassett
	R R Haug
	B W Hunt
	R O Taylor
	J T Van Slyke


Company secretary	P D Beare


Registered number	09580261


Registered office	49 Greek Street
	London
	W1D 4EG


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


LTI TECHNOLOGY SOLUTIONS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


LTI TECHNOLOGY SOLUTIONS LIMITED REGISTERED NUMBER:09580261

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		5,457		9,094
			5,457		9,094
Current assets
Debtors: amounts falling due within one year	5	1,010,847		524,195
Cash at bank and in hand		591,380		345,385
		1,602,227		869,580
Creditors: amounts falling due within one year	6	(1,805,265)		(1,537,409)
Net current liabilities			(203,038)		(667,829)
Total assets less current liabilities			(197,581)		(658,735)
Creditors: amounts falling due after more than one year	7		(13,335)		(23,336)

Net liabilities			(210,916)		(682,071)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(211,916)	(683,071)
	(210,916)	(682,071)

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 by:

J T Van Slyke

Director

Date: 12 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1


LTI TECHNOLOGY SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

LTI Technology Solutions Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and company's registered number is given on the company information page of these financial statements.

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.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed the financial performance and likely future cash flow requirements of the Company at the date of approving these financial statements.
The Company has obtained the financial support letter from the parent company for 12 months from the date of the financial statements approval. The letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions. The directors have satisfied themselves that the parent company is able to provide the financial support needed for the 12 months from approving these financial statements for issue to to enable it to continue to trade. As a result, the directors believe the company has adequate resources to enable it to continue as a going concern.
Due to the Company’s performance and financial position post year end, the directors do not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2


LTI TECHNOLOGY SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.9

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 reporting date in the countries where the company operates and generates income.

2.10

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.

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

Depreciation is provided on the following basis:

Computer equipment

20%

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.

2.11

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.

Page 3


LTI TECHNOLOGY SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.12

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.

2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 6).

Page 4


LTI TECHNOLOGY SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost
	At 1 January 2024	18,187
	At 31 December 2024	18,187
	Depreciation
	At 1 January 2024	9,093
	Charge for the year on owned assets	3,637
	At 31 December 2024	12,730
	Net book value
	At 31 December 2024	5,457
	At 31 December 2023	9,094

Debtors

					2024	2023
					£	£


Trade debtors	966,389	495,150
Prepayments and accrued income	44,458	29,045
	1,010,847	524,195

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	10,000	10,000
Trade creditors	30,083	71
Amounts owed to group undertakings	1,163,221	972,929
Other taxation and social security	116,497	82,994
Other creditors	21,531	4,129
Accruals and deferred income	463,933	467,286
	1,805,265	1,537,409

Page 5


LTI TECHNOLOGY SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	13,335	23,336
	13,335	23,336

8.	Related party transactions
	The company has taken advantage of the exemption in FRS 102 Section 1A - small entities from the requirement to disclose transactions with group companies on the grounds that the company is a wholly owned subsidiary undertaking of the group.

9.	Controlling party

The parent company of the smallest group for which consolidated financial statements are drawn up of which the company is a member is LTi Technology Solutions Inc, a company registered in the USA. The consolidated statements are available at the registered office of the parent company which is 4139 South 143rd Circle, Omaha, NE 68137.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 12 September 2025 by Hezelina Hashim FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6