Company registration number 06711881 (England and Wales)
Charity registration number 1131241 (England and Wales)
LTS Academy
Annual report and unaudited financial statements
For the year ended 30 September 2025
LTS Academy
Legal and administrative information
Trustees'
Miss N Button
Miss M J Ellis
Secretary
Miss M J Ellis
Country of incorporation
United Kingdom
06711881
(England and Wales)
Charity registration
England and Wales
1131241
Registered office
Floor 3 Pacific Chambers
11 - 13 Victoria Street
Liverpool
Merseyside
L2 5QQ
Accountants
DJH Liverpool Limited
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
L2 5QQ
LTS Academy
Contents
Page
Trustees' report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
LTS Academy
Trustees' report (including directors' report)
For the year ended 30 September 2025
- 1 -

The Trustees' present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

LTS Academy aims to offer Musical Theatre, Dance, Drama and Singing training to local children from the age of three to sixteen years.

LTS Academy aims to:

- Widen participation by assisting pupils who are financially disadvantaged, supporting them with fees and equipment

- Operate in line with government equality, diversity and disability policies

- Provide quality musical theatre training that is relevant to individuals and the performing arts industry

Public benefit

The y Trustees' have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.

Achievements and performance
Significant activities and achievements against objectives

During the year the Charity has assisted 18 children, giving them subsidised and in some cases free dance, acting and singing lessons.

For some or all of these children, the Charity has assisted them with transport costs, uniform costs and the costs of dance shoes.

The charity has also taken the children on trips to musical theatre productions and given them a chance to perform in a show. Both experiences assisted in motivating and inspiring the children, who without the Charity, would not be able to financially afford to take part in a performing arts programme.

At sixteen years of age the children have the opportunity to audition and train for a full time career at Liverpool Theatre School.

Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees' consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The is a company limited by guarantee.

The Trustees', who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Miss N Button
Miss M J Ellis
LTS Academy
Trustees' report (including directors' report) (continued)
For the year ended 30 September 2025
- 2 -

The Trustees' r eport was approved by the Board of Trustees'.

Miss M J Ellis
25 June 2026
LTS Academy
Chartered Accountants' report to the Trustees' on the preparation of the unaudited statutory financial statements of LTS Academy for the year ended 30 September 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LTS Academy for the year ended 30 September 2025, which comprise the statement of financial activities and the related notes from the charity’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, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's Trustees', as a body, in accordance with the terms of our engagement letter dated 27 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of LTS Academy and state those matters that we have agreed to state to the charity's Trustees', as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LTS Academy and the charity's Trustees' as a body, for our work or for this report.

It is your duty to ensure that LTS Academy 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 surplus of LTS Academy. You consider that LTS Academy is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of LTS Academy. 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 f inancial statements.

DJH Liverpool Limited
Chartered Accountants
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
L2 5QQ
25 June 2026
LTS Academy
Statement of financial activities
(Including income and expenditure account)
For the year ended 30 September 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Charitable activities
3
34,150
26,045
Investments
4
37
35
Total income
34,187
26,080
Expenditure on:
Charitable activities
5
28,333
24,843
Other material expenditure
1,248
1,008
Total expenditure
29,581
25,851
Net income and movement in funds
4,606
229
Reconciliation of funds:
Fund balances at 1 October 2024
(455)
(684)
Fund balances at 30 September 2025
4,151
(455)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LTS Academy
Balance sheet
As at 30 September 2025
30 September 2025
- 5 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
9
653
501
Cash at bank and in hand
5,706
1,252
6,359
1,753
Creditors: amounts falling due within one year
10
(2,208)
(2,208)
Net current assets/(liabilities)
4,151
(455)
The funds of the
Unrestricted funds
11
4,151
(455)
4,151
(455)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees' on 25 June 2026
Miss M J Ellis
LTS Academy
Notes to the financial statements
For the year ended 30 September 2025
- 6 -
1
Accounting policies
Charity information

LTS Academy is a private company limited by guarantee incorporated in England and Wales. The registered office is Floor 3 Pacific Chambers, 11 - 13 Victoria Street, Liverpool, Merseyside, L2 5QQ.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The is a Public Benefit Entity as defined by FRS 102.

The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees' have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees' continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees' in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4
Income
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
LTS Academy
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

LTS Academy
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
- 8 -
1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the ’s accounting policies, the Trustees' are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Charitable activities
Sale of goods
34,150
26,045
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
37
35
LTS Academy
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 9 -
5
Expenditure on charitable activities
Charitable activities
Charitable activities
2025
2024
£
£
Direct costs
Performance arts training
27,410
23,888
Exam fees
923
955
28,333
24,843
Analysis by fund
Unrestricted funds
28,333
24,843
6
Trustees'
None of the Trustees' (or any persons connected with them) received any remuneration or benefits from the during the year.
7
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

8
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

9
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
653
501
LTS Academy
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 10 -
10
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
2,208
2,208
11
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2024
Incoming resources
Resources expended
At 30 September 2025
£
£
£
£
General funds
(455)
34,187
(29,581)
4,151
Previous year:
At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
(684)
26,080
(25,851)
(455)
12
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

2025-09-30 2024-10-01 false false false CCH Software iXBRL Review & Tag 2025.2 06711881 2024-10-01 2025-09-30 06711881 bus:Director1 2024-10-01 2025-09-30 06711881 bus:CompanySecretary1 2024-10-01 2025-09-30 06711881 2025-09-30 06711881 2024-09-30 06711881 2023-10-01 2024-09-30 06711881 bus:FRS102 2024-10-01 2025-09-30 06711881 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 06711881 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP