REGISTERED NUMBER: 13128162 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LERA INVESTMENT TECHNOLOGIES UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J Cohen Sterental

SECRETARY:

Csc Cls (Uk) Limited

REGISTERED OFFICE:

C/O Csc Cls (Uk) Limited

5 Churchill Place

10th Floor

London

E14 5HU

REGISTERED NUMBER:

13128162 (England and Wales)

AUDITORS:

Watergates Ltd (Statutory Auditor)

109 Coleman Road

Leicester

Leicestershire

LE5 4LE

CURRENT ASSETS

Debtors

5

673,869

1,721

Cash at bank and in hand

4,287

383

678,156

2,104

CREDITORS

Amounts falling due within one year

6

(789,392

)

(70,092

)

NET CURRENT LIABILITIES

(111,236

)

(67,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(111,236

)

(67,988

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(111,336

)

(68,088

)

SHAREHOLDERS' FUNDS

(111,236

)

(67,988

)

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 21st October 2026 and were signed by:

J Cohen Sterental - Director

1.	STATUTORY INFORMATION

Lera Investment Technologies UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors have concluded that the going concern basis of accounting is not appropriate because the directors intend to place the company into liquidation.

Accordingly, the financial statements have been prepared on a basis other than going concern. In applying this basis, the directors have reviewed the carrying amounts of the company's assets and liabilities and have made the adjustments considered necessary to reflect the circumstances of the anticipated cessation of trading and liquidation.

The principal accounting policies applied in preparing the financial statements on this basis are set out in the relevant notes to these financial statements.

GOING CONCERN

In preparing the financial statements on a basis other than going concern, the directors have assessed the carrying amounts of assets and liabilities in light of the company's anticipated liquidation.

Assets have been reviewed for impairment and, where appropriate, written down to their estimated recoverable amounts. Liabilities have been reviewed to ensure that they are recognised and measured in accordance with FRS 102, including consideration of obligations arising from contractual commitments and the cessation of trading.

Creditors have been classified according to the company's rights and obligations at the reporting date, including consideration of whether the company has an unconditional right to defer settlement for at least twelve months after the reporting period.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:

- at fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably;

- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	AUDITORS' REMUNERATION

PERIOD

12.1.21

YEAR ENDED

TO

31.12.23

31.12.22

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

4,800

11,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Amounts owed by group undertakings

661,004

-

Other debtors

12,865

1,721

673,869

1,721

Amounts owed by group undertakings less than one year are unsecured, interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Trade creditors

31,897

7,676

Amounts owed to group undertakings

741,195

50,916

Other creditors

16,300

11,500

789,392

70,092

Amounts owed to group undertakings less than one year are unsecured, interest free and repayable on demand.

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

The Report of the Auditors was unqualified.

Nazir Malida FCCA (Senior Statutory Auditor)

for and on behalf of Watergates Ltd (Statutory Auditor)

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	POST BALANCE SHEET EVENTS

Following the reporting date, the director decided that the company should enter liquidation. This decision was made before the financial statements were authorised for issue. As a result, the director concluded that the going concern basis of accounting was no longer appropriate and the financial statements have been prepared on a basis other than going concern.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is LIT US, LLC, a company incorporated in Delaware, with EIN 84-3335205 and registered office at 15450 New Barn Rd, Suite 200, PMB 214, Miami Lakes, Florida 33014.

The ultimate parent undertaking is Lera Investment Technologies, LLC, a company incorporated in Delaware, with EIN 92-1496117 and registered office at 15451 New Barn Rd, Suite 200, PMB 193, Miami Lakes, Florida 33014.