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# LTRS ESTATES LIMITED

## Company Registration Number:
07216893 (England and Wales)

## Unaudited statutory accounts for the year ended 21 March 2025

## Period of accounts

## Start date: 24 March 2024

## End date: 21 March 2025

# LTRS ESTATES LIMITED

## Contents of the Financial Statements

for the Period Ended 21 March 2025

Balance sheet |
Additional notes |
Balance sheet notes |

# LTRS ESTATES LIMITED

## Balance sheet

As at 21 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 66,790 | 84,464
Total fixed assets: |  | 66,790 | 84,464
Current assets
Stocks: | 4 | 18,296 | 15,000
Debtors: | 5 | 14,544 | 1,939
Cash at bank and in hand: |  | 7,482 | 48,235
Total current assets: |  | 40,322 | 65,174
Creditors: amounts falling due within one year: | 6 | ( 272,841 ) | ( 146,176 )
Net current assets (liabilities): |  | (232,519) | (81,002)
Total assets less current liabilities: |  | (165,729) | 3,462
Creditors: amounts falling due after more than one year: | 7 | ( 6,148 ) | ( 15,657 )
Total net assets (liabilities): |  | (171,877) | (12,195)
Capital and reserves
Called up share capital: |  | 334 | 334
Profit and loss account: |  | (172,211 ) | (12,529 )
Total Shareholders' funds: |  | ( 171,877 ) | (12,195)

The notes form part of these financial statements

# LTRS ESTATES LIMITED

## Balance sheet statements

For the year ending 21 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 August 2026
and signed on behalf of the board by:

Name: Mr R J Simpson
Status: Director

The notes form part of these financial statements

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents consideration received or receivable for goods and services supplied in the ordinary course of business and is shown net of VAT. Receipts from the issue of gift cards are not recognised as turnover until the underlying goods or services are supplied.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently at cost less accumulated depreciation and impairment. Depreciation is provided at rates intended to write assets off over their estimated useful lives. Plant, machinery, fixtures and motor vehicles are depreciated using reducing-balance rates of approximately 10% to 25%, and separately identifiable computer equipment at 33.33% on cost.

  Other accounting policies

  Going concern The financial statements have been prepared on a going concern basis. In making their assessment, the directors have considered the company's continued trading since the reporting date, current cash resources, the timing of liabilities, the continued availability of existing financing arrangements and financing obtained since the reporting date. Based on these factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least twelve months from the date of approval. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Taxation Current tax is based on taxable profits for the period using rates enacted or substantively enacted at the reporting date. No current Corporation Tax charge is recognised because the tax computation produces a tax loss. No deferred tax asset has been recognised where recoverability is not sufficiently certain. Financial instruments Basic financial assets and liabilities are initially recognised at transaction price and subsequently measured at amortised cost. Trade creditors, card and finance facility balances and customer prepayments expected to settle in the normal operating cycle are classified as current liabilities. Judgements and estimates The financial statements contain estimates based on the accounting records available and information provided by the directors. The most significant estimates relate to stock, trade creditors, taxation and social security balances, card and finance facility balances and customer prepayments. Changes in these estimates could materially affect the financial statements.

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 20 | 20

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 24 March 2024 |  | 338,483 |  |  |  | 338,483
Additions |  | 4,590 |  |  |  | 4,590
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 21 March 2025 |  | 343,073 |  |  |  | 343,073
Depreciation |  |  |  |  |  |
At 24 March 2024 |  | 254,019 |  |  |  | 254,019
Charge for year |  | 22,264 |  |  |  | 22,264
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 21 March 2025 |  | 276,283 |  |  |  | 276,283
Net book value |  |  |  |  |  |
At 21 March 2025 |  | 66,790 |  |  |  | 66,790
At 23 March 2024 |  | 84,464 |  |  |  | 84,464

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 18,296 | 15,000
Total | 18,296 | 15,000

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 14,544 | 1,939
Total | 14,544 | 1,939

Other debtors comprise £1,939 other debtors, £6,400 amounts due from directors and £6,205 VAT recoverable.

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 10,400 | 10,119
Trade creditors | 6,865 | 28,309
Taxation and social security | 45,678 | 46,898
Other creditors | 209,898 | 60,850
Total | 272,841 | 146,176

Included within other creditors is £98,287 of customer prepayments relating to unredeemed gift cards at 21 March 2025.

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 7. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 6,148 | 15,657
Total | 6,148 | 15,657

# LTRS ESTATES LIMITED

## Notes to the Financial Statements

for the Period Ended 21 March 2025

## 8. Loans to directors

Name of director receiving advance or credit: | Mr R J Simpson
Description of the transaction:
Director loan account advance. Unsecured, interest-free and with no fixed repayment terms.
| £
--- | ---
Balance at 23 March 2024 |
Advances or credits made: | 3,200
Advances or credits repaid: |
Balance at 21 March 2025 | 3,200
Name of director receiving advance or credit: | Mr L P Trotman
Description of the transaction:
Director loan account advance. Unsecured, interest-free and with no fixed repayment terms.
| £
Balance at 23 March 2024 |
Advances or credits made: | 3,200
Advances or credits repaid: |
Balance at 21 March 2025 | 3,200

The directors have confirmed that both £3,200 balances were subsequently repaid in full by 21 December 2025.