ACCOUNTS - Final Accounts

LTS GROUP LIMITED - Company Information

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Registered number: 09268935

LTS GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

LTS GROUP LIMITED

REGISTERED NUMBER: 09268935

BALANCE SHEET

AS AT 31 MAY 2019

	2019	2019	2018	2018
Note	£	£	£	£

Fixed assets
Investments	3		1,289,197		1,289,197
			1,289,197		1,289,197
Current assets
Debtors: amounts falling due within one year	4	290		290
		290		290
Creditors: amounts falling due within one year	5	(1,287,487)		(1,287,487)
Net current liabilities			(1,287,197)		(1,287,197)
Total assets less current liabilities			2,000		2,000

Net assets			2,000		2,000

Capital and reserves
Called up share capital	2,000	2,000
	2,000	2,000

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LTS GROUP LIMITED

REGISTERED NUMBER: 09268935

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2019

For the year ended 31 May 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2019.

W C Currie

Director

The notes on pages 3 to 4 form part of these financial statements.

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LTS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

1.	General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.09268935). The address of the registered office is 3rd Floor Castle Chambers, 43 Castle Street, Liverpool, Merseyside L2 9SH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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LTS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 June 2018	1,289,197
	At 31 May 2019	1,289,197

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

London Teaching Supply Ltd

Ordinary

100%

Debtors

					2019	2018
					£	£


Called up share capital not paid	290	290
	290	290

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Amounts owed to group undertakings	1,900	1,900
Other creditors	1,285,587	1,285,587
	1,287,487	1,287,487

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