ACCOUNTS - Final Accounts preparation

Registered number: 10788827

LT NETWORK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

LT NETWORK LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LT NETWORK LIMITED
FOR THE YEAR ENDED 31 MAY 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LT Network Limited for the year ended 31 May 2020 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of LT Network Limited in accordance with the terms of our engagement letter dated 1 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of LT Network Limited and state those matters that we have agreed to state to the director of LT Network Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LT Network Limited and its director for our work or for this report

It is your duty to ensure that LT Network Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LT Network Limited. You consider that LT Network Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of LT Network Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HaysMac LLP

10 Queen Street Place

London

EC4R 1AG

12 January 2026

Page 1

LT NETWORK LIMITED

REGISTERED NUMBER: 10788827

BALANCE SHEET

AS AT 31 MAY 2020

		2020		2019
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	100		3,229
Cash at bank and in hand	5	48		18,353
		148		21,582
Creditors: amounts falling due within one year	6	(56,198)		(113,474)
Total assets less current liabilities			(56,050)		(91,892)

Net liabilities			(56,050)		(91,892)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(56,150)	(91,992)
		(56,050)	(91,892)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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:

................................................

P Harris

Director

Date: 8 January 2026

The notes on pages 3 to 4 form part of these financial statements.

Page 2

LT NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

1.	General information

The Company is a private company limited by shares, registered in England and Wales. The address of the registered office and trading address is 54 Dog Lane, Coleshill, Birmingham, B46 2DX. The Company's registration number is 10788827.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared on a break-up basis, as the director had resolved prior to the preparation of these accounts to apply for the company to be struck off the register and dissolved. Although formal steps to initiate the strike-off process have not yet been taken, the director confirms that the decision to wind up the company is final. Accordingly, assets and liabilities have been measured at their expected recoverable and settlement amounts.

The following principal accounting policies have been applied:

2.2

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Creditors

Short-term creditors are measured at the transaction price.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2019: 1).

Page 3

LT NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

Debtors

					2020	2019
					£	£


Trade debtors	-	3,129
Other debtors	100	100
	100	3,229

5.	Cash and cash equivalents
		2020	2019
		£	£

	Cash at bank and in hand	48	18,353

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	-	7,989
Amounts owed to group undertakings	10,601	78,953
Other taxation and social security	34,497	19,332
Accruals and deferred income	11,100	7,200
	56,198	113,474

7.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

100 (2019 - 100) Ordinary shares of £1.00 each	100	100

Related party transactions

At the balance sheet date, the company had an outstanding balance with group undertakings of £10,601 (Prior Year: £78,953), included within creditors falling due within one year. These balances arose from intercompany funding arrangements to support trading operations. The directors have resolved to apply for the company to be struck off the register and dissolved, and no further trading activity is expected. No other related party transactions occurred during the year.

Page 4