LETE Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11315208

LETE Limited

Filleted Unaudited Financial Statements

30 April 2025

LETE Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	220	220
Cash at bank and in hand		–	291
		----	----
		220	511

Creditors: amounts falling due within one year	6	4,832	3,726
		-------	-------
Net current liabilities		4,612	3,215
		-------	-------
Total assets less current liabilities		( 4,612)	( 3,215)

Creditors: amounts falling due after more than one year	7	745	2,142
		-------	-------
Net liabilities		( 5,357)	( 5,357)
		-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 5,457)	( 5,457)
	-------	-------
Shareholders deficit	( 5,357)	( 5,357)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the year and has not made either a profit or loss.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LETE Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 6 January 2026 , and are signed on behalf of the board by:

Mrs Loreta Kulbiene
Director

Company registration number: 11315208

LETE Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Queen Street, Oldham, OL1 1RD, Lancs.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Debtors

	2025	2024
	£	£
Other debtors	220	220
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,397	1,396
Other creditors	3,435	2,330
	-------	-------
	4,832	3,726
	-------	-------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	745	2,142
	----	-------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs Loreta Kulbiene	( 2,270)	291	( 1,456)	( 3,435)
	-------	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs Loreta Kulbiene	( 1,497)	–	( 773)	( 2,270)
	-------	----	----	-------

9. Illegal dividends

The director acknowledges that illegal dividends were paid. However, at the time the dividend was paid the director was not aware that there were insufficient profits available for distribution.