REGISTERED NUMBER: 09700409 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2025

for

LTS Energy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K S Leaning

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

09700409 (England and Wales)

AUDITORS:

Nicholsons Audit (Statutory Auditor)

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

NatWest Bank Plc

225 High Street

LINCOLN

Lincolnshire

LN2 1AZ

FIXED ASSETS

Tangible assets

4

1,759

2,329

CURRENT ASSETS

Stocks

440

490

Debtors

5

616,095

439,251

Cash at bank

2,864,703

2,732,770

3,481,238

3,172,511

CREDITORS

Amounts falling due within one year

6

2,190,057

1,929,285

NET CURRENT ASSETS

1,291,181

1,243,226

TOTAL ASSETS LESS CURRENT LIABILITIES

1,292,940

1,245,555

PROVISIONS FOR LIABILITIES

439

582

NET ASSETS

1,292,501

1,244,973

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,291,501

1,243,973

SHAREHOLDERS' FUNDS

1,292,501

1,244,973

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 director and authorised for issue on 22 September 2026 and were signed by:

Mr K S Leaning - Director

1.	STATUTORY INFORMATION

LTS Energy Ltd is a private company, limited by shares, registered in the United Kingdom. The company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Commissions receivable are measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

and 31 December 2025

6,090

DEPRECIATION

At 1 January 2025

3,761

Charge for year

570

At 31 December 2025

4,331

NET BOOK VALUE

At 31 December 2025

1,759

At 31 December 2024

2,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

605,199

429,891

Other debtors

1,651

-

VAT

9,245

9,360

616,095

439,251

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

797

10,810

Amounts owed to group undertakings

2,154,233

1,899,871

Tax

12,188

12,916

Other creditors

136

1,687

Accruals and deferred income

22,703

4,001

2,190,057

1,929,285

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

JOANNE BROWN (Senior Statutory Auditor)

for and on behalf of Nicholsons Audit (Statutory Auditor)

8.	RELATED PARTY DISCLOSURES

LTS Energy Inc.

LTS Energy Ltd is a wholly owned subsidiary of its parent LTS Energy Inc - a domestic corporation incorporated in the USA.

The parent company produces consolidated accounts for the group; copies of which can be obtained from:

LTS Energy Inc.

11932 Brittmoore Park Drive

Houston, TX 77041

During the year the company entered into transactions with the ultimate holding company. In accordance with FRS 102, the company is exempt from disclosing these transactions in detail.

LTS LLC

During the year the company made purchases from another group company, LTS LLC, to the sum of £35,809 (2024: £52,368).

Included in commission income is commission received from LTS LLC of £203,103 (2024: £240,665).

Included within debtors is a balance of £514,543 (2024: £429,891) due from LTS LLC.