REGISTERED NUMBER: SC708320 (Scotland)

LTL (West) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A I Miller

C D Glynne Percy

C J H Wallentin

SECRETARY:

A I Miller

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC708320 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Tangible assets

4

10,765

10,765

CURRENT ASSETS

Cash at bank

4,015

-

CREDITORS

Amounts falling due within one year

5

10,130

10,867

NET CURRENT LIABILITIES

(6,115

)

(10,867

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,650

(102

)

PROVISIONS FOR LIABILITIES

548

103

NET ASSETS/(LIABILITIES)

4,102

(205

)

RESERVES

Fair value reserve

6

6,695

6,695

Income and expenditure account

(2,593

)

(6,900

)

4,102

(205

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

A I Miller - Director

1.	STATUTORY INFORMATION

LTL (West) Limited is a private company, limited by guarantee , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents factoring fees in relation to garage units.

Revenue is recognised when the factoring fee is received.

Tangible fixed assets

The director does not consider that the value of the land and buildings will diminish. Therefore there is no depreciation charged on the cost of these assets. This policy is not in accordance with the requirements of the Companies Act 2006, but departure from the provisions of the Act is required in order to provide a true and fair view.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The company is dependant on the continuing support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

10,765

NET BOOK VALUE

At 30 September 2025

10,765

At 30 September 2024

10,765

Tangible fixed assets are valued at the directors' estimated valuation as at 30 September 2025. The directors are not professional valuers.

Cost or valuation at 30 September 2025 is represented by:

Land and

buildings

£

Valuation in 2022

7,500

Cost

3,265

10,765

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

10,130

10,867

Included in other creditors are the balances owed to the directors' current accounts of £7,580 (2024 - £8,161), which are unsecured, interest-free and repayable on demand.

6.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

6,695

The fair value reserve represents the net revaluation surplus on land that is not readily distributable as realised earnings.

7.	LIMITED BY GUARANTEE

The company is limited by guarantee and therefore has no share capital. The liability of each director upon winding up of the company is limited to £1.