REGISTERED NUMBER: 08686555 (England and Wales)

Financial Statements

for the Year Ended 30 September 2024

for

LTM BRANDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Z C Watkiss

A J Watkiss

REGISTERED OFFICE:

New Prospect House

8 Leake Street

London

SE1 7NN

REGISTERED NUMBER:

08686555 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

2,068

2,703

Tangible assets

5

-

63

Investments

6

100

100

2,168

2,866

CURRENT ASSETS

Debtors

7

4,729,648

3,511,250

Cash at bank

-

1,127,560

4,729,648

4,638,810

CREDITORS

Amounts falling due within one year

8

(295,965

)

(208,137

)

NET CURRENT ASSETS

4,433,683

4,430,673

TOTAL ASSETS LESS CURRENT LIABILITIES

4,435,851

4,433,539

PROVISIONS FOR LIABILITIES

-

(12

)

NET ASSETS

4,435,851

4,433,527

CAPITAL AND RESERVES

Called up share capital

9

138

138

Share premium

10

4,408,951

4,408,951

Retained earnings

10

26,762

24,438

SHAREHOLDERS' FUNDS

4,435,851

4,433,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 September 2025 and were signed on its behalf by:

A J Watkiss - Director

1.	STATUTORY INFORMATION

Ltm Brands 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Intangible assets - trademarks

Trademarks are written off over the life of each trademark, currently all 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 30 September 2024

6,441

AMORTISATION

At 1 October 2023

3,738

Charge for year

635

At 30 September 2024

4,373

NET BOOK VALUE

At 30 September 2024

2,068

At 30 September 2023

2,703

5.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 October 2023

993

2,648

3,641

Disposals

(993

)

(1,998

)

(2,991

)

At 30 September 2024

-

650

650

DEPRECIATION

At 1 October 2023

930

2,648

3,578

Charge for year

63

-

63

Eliminated on disposal

(993

)

(1,998

)

(2,991

)

At 30 September 2024

-

650

650

NET BOOK VALUE

At 30 September 2024

-

-

-

At 30 September 2023

63

-

63

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2023

and 30 September 2024

100

NET BOOK VALUE

At 30 September 2024

100

At 30 September 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SunGod Limited

Registered office: The Manor Church End, Willington, Bedford, MK44 3PX

Nature of business: Manufacture and sale of bespoke Sunglasses

%

Class of shares:

holding

Ordinary

100.00

30.9.24

30.9.23

£

£

Aggregate capital and reserves

(3,894,842

)

(2,418,854

)

Loss for the year

(1,475,988

)

(1,760,649

)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Amounts owed by group undertakings

4,205,168

3,156,899

Other debtors

524,480

354,351

4,729,648

3,511,250

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

9,930

57,090

Other creditors

286,035

151,047

295,965

208,137

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

1,283,782

Ordinary £0.0001

0.01p

128

128

100,000

Growth £0.0001

0.01p

10

10

138

138

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 October 2023

24,438

4,408,951

4,433,389

Profit for the year

2,324

2,324

At 30 September 2024

26,762

4,408,951

4,435,713