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COMPANY REGISTRATION NUMBER: 06443887

Latrop Systems Ltd

Filleted Unaudited Financial Statements

30 June 2025

Latrop Systems Ltd

Officers and Professional Advisers

The board of directors | Mr S D Button
| Mr J C Boot
| Mr P D Ryan

Registered office | 3B Swallowfield Courtyard
| Wolverhampton Road
| Oldbury
| West Midlands
| B69 2JG

Accountants | TC Group

| 3B Swallowfield Courtyard
| Wolverhampton Road
| Oldbury
| West Midlands
| B69 2JG

Latrop Systems Ltd

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £

Current assets

Debtors | 6 | – | 87,606
Cash at bank and in hand | 2,859 | 321
| ------- | --------
| 2,859 | 87,927

Creditors: amounts falling due within one year | 7 | 3,545 | 5,454
| ------- | --------
Net current (liabilities)/assets | ( 686) | 82,473
| ---- | --------
Total assets less current liabilities | ( 686) | 82,473

Provisions | ( 794) | ( 600)
| ---- | --------
Net assets | 108 | 83,073
| ---- | --------

Capital and reserves

Called up share capital | 8 | 4 | 4
Profit and loss account | 104 | 83,069
| ---- | --------
Shareholders funds | 108 | 83,073
| ---- | --------

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 income and retained earnings has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Latrop Systems Ltd

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 11 February 2026 , and are signed on behalf of the board by:

Mr P D Ryan
Director

Company registration number: 06443887

Latrop Systems Ltd

Notes to the Financial Statements

Year ended 30 June 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 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.
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.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Property improvements | - | 2% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Average number of employees
The average number of employees during the financial year was nil (2024: nil).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 July 2024 and 30 June 2025 | 30,000
| --------
Amortisation |
At 1 July 2024 and 30 June 2025 | 30,000
| --------
Carrying amount |
At 30 June 2025 | –
| --------
At 30 June 2024 | –
| --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 51,384
Amounts owed by related parties | – | 32,347
Other debtors | – | 3,875
| ---- | --------
| – | 87,606
| ---- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 1,709
Accruals and deferred income | 1,000 | 1,200
Director loan accounts | 1,836 | 1,836
Other creditors | 709 | 709
| ------- | -------
| 3,545 | 5,454
| ------- | -------

8. Called up share capital
At the year end, there were 360 ordinary A £0.01 shares with a nominal value of £3.60, 20 ordinary B £0.01 shares with a nominal value of £0.20 and 20 ordinary C £0.01 shares with a nominal value of £0.20. This is unchanged from the prior year.
There is a total of 400 shares with a nominal value of £4.00 in the current and prior year.
9. Related party transactions
At the year end there is a balance of £nil (2024: £51,384) shown within trade debtors and £nil (2024: £32,347) shown within amounts owed by related parties in respect of Portal UK Automatic Door Service & Maintenance Limited, a company with common directors and shareholders. During the year, an amount totalling £106 (2024: £nil) was written off in respect of amounts owed to Portal UK Automatic Door Service & Maintenance Limited.