Letrad Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Letrad Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15874024 . The registered office is Units 1 & 2 Steadings Business Centre, Maisemore, Gloucester, Gloucestershire, GL2 8EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded

to the nearest Pound.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and

assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the

revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements

other than those detailed in these accounting policies.

2.3. Financial Instruments

Classification

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any

component that creates a financial liability of the company is presented as a liability on the balance sheet. The

corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss

account.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for

those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which

is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing

transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured

at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date.

If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

...CONTINUED

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Letrad Ltd

Notes to the Financial Statements (continued)

For the Period 3 August 2024 to 31 August 2025

2.3. Financial Instruments - continued

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

2.4. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are

measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

2.5. Creditors

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional

right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the

reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting

date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are

included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing

borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of

transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2.6. Share capital

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other

resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and

the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

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Letrad Ltd

Notes to the Financial Statements (continued)

For the Period 3 August 2024 to 31 August 2025

4. Investments

	Associates
	£
Cost or Valuation
As at 3 August 2024	-
Additions	1

As at 31 August 2025	1

Provision
As at 3 August 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	1

As at 3 August 2024	-

5. Debtors

	31 August 2025
	£
Due within one year
Other debtors	39,704

Included within other debtors at 31 August 2025 is a balance of £39,699 due from a company in which Letrad Ltd has an interest. Interest is accrued on this loan at a rate of 5%. There are no fixed repayment terms assocated with this loan.

6. Creditors: Amounts Falling Due Within One Year

	31 August 2025
	£
Other creditors	42,636

7. Share Capital

	31 August 2025
Allotted, called up and fully paid	£
1 Ordinary A shares of £ 5 each	5
1 Ordinary B shares of £ 5 each	5

	10

On 3 August 2024 5 Ordinary A shares and 5 Ordinary B shares with a nominal value of £1 each were issued for total consideration of £10.

The different classes of shares referred to above carry separate rights to dividends. In all other significant respects the different classes of shares rank pari passu.

Called up share capital

This represents the nominal value of the issued share capital of the company.

Profit and loss account

This represents the cumulative profits or losses, net of dividends paid and other adjustments.

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		31 August 2025
	Notes	£	£
FIXED ASSETS
Investments	4		1

			1
CURRENT ASSETS
Debtors	5	39,704
Cash at bank and in hand		2,113

		41,817
Creditors: Amounts Falling Due Within One Year	6	(42,636 )

NET CURRENT ASSETS (LIABILITIES)			(819 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(818 )

NET LIABILITIES			(818 )

CAPITAL AND RESERVES
Called up share capital	7		10
Profit and Loss Account			(828 )

SHAREHOLDERS' FUNDS			(818)