The financial statements have been prepared for the year-ended 31 May 2025. The previous set of financial statements were prepared for a period shorter than one year, therefore the comparative amounts presented in these financial statements (including the related notes) are not entirely comparable.

The average number of persons, including directors, employed by the company during the year was as follows:

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore the company continues to adopt the going concern basis of accounting in preparing the financial statements. The validity of this assumption depends on the continued support of the company's director, fellow group companies and other creditors. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise.

Latep (SPV1) Limited is a private company limited by shares incorporated in England and Wales. The registered office is A Melcombe Regis Court, 59 Weymouth Street, Marylebone, London, W1G 8NS.

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true