REGISTERED NUMBER: 14085807 (England and Wales)

Financial Statements for the Period 1 April 2024 to 31 December 2024

for

Lantis L102 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Curtis

Mr M A Wells

REGISTERED OFFICE:

The Meadows Forester Road

Soberton Heath

Southampton

SO32 3QG

REGISTERED NUMBER:

14085807 (England and Wales)

AUDITORS:

Alliott Wingham Limited

Kintyre House

70 High Street

Fareham

Hampshire

PO16 7BB

CURRENT ASSETS

Stocks

4,000,000

3,466,269

Debtors

4

8,538

100

Cash at bank

-

113

4,008,538

3,466,482

CREDITORS

Amounts falling due within one year

5

4,397,840

3,837,128

NET CURRENT LIABILITIES

(389,302

)

(370,646

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(389,302

)

(370,646

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(389,402

)

(370,746

)

(389,302

)

(370,646

)

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr M A Wells - Director

1.	STATUTORY INFORMATION

Lantis L102 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.

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 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Other debtors

8,538

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Bank loans and overdrafts

-

2,046,183

Amounts owed to group undertakings

4,393,340

4,811

Other creditors

4,500

1,786,134

4,397,840

3,837,128

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Nolan FCA (Senior Statutory Auditor)

for and on behalf of Alliott Wingham Limited

7.	RELATED PARTY DISCLOSURES

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.

8.	ULTIMATE CONTROLLING PARTY

During the year the shares were transferred to Taine Holdings Limited, which is incorporated in England & Wales.

The ultimate controlling party is Mr M A Wells.

9.	GOING CONCERN

These financial statements have been prepared on a going concern basis because the company's parent, who is also the largest creditor, has undertaken to provide full financial support for the company to meet its obligations as they fall due.