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REGISTERED NUMBER: 11122259 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Livres Limited

Livres Limited (Registered number: 11122259)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Livres Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M A M Lotzer
J Rinderer





REGISTERED OFFICE: 15 Sackville Street
London
United Kingdom
W1S 3DN





REGISTERED NUMBER: 11122259 (England and Wales)





ACCOUNTANTS: David Lloyd & Co
Chartered Accountants
15 Sackville Street
Mayfair
London
W1S 3DN

Livres Limited (Registered number: 11122259)

Report of the Directors
for the Year Ended 31 December 2022

The directors present their report with the financial statements of the company for the year ended 31 December 2022.

PRINCIPAL ACTIVITY
The principle activity of the company is to buy and develop residential real estate.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

M A M Lotzer
J Rinderer

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:




........................................................................
M A M Lotzer - Director


Date: .............................................

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Livres Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Livres Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company'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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Livres Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Livres Limited and state those matters that we have agreed to state to the Board of Directors of Livres Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Livres Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Livres Limited 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 loss of Livres Limited. You consider that Livres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Livres Limited. 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 financial statements.






David Lloyd & Co
Chartered Accountants
15 Sackville Street
Mayfair
London
W1S 3DN


Date: .............................................

Livres Limited (Registered number: 11122259)

Income Statement
for the Year Ended 31 December 2022

31.12.22 31.12.21
£    £   

TURNOVER - -

Administrative expenses 2,400 2,439
OPERATING LOSS (2,400 ) (2,439 )


Interest payable and similar expenses 485,582 334,822
LOSS BEFORE TAXATION (487,982 ) (337,261 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (487,982 ) (337,261 )

Livres Limited (Registered number: 11122259)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Work in progress 16,455,584 16,153,140
Debtors 4 19,268 7,950
Cash at bank 56,098 17,148
16,530,950 16,178,238
CREDITORS
Amounts falling due within one year 5 40,282 14,170
NET CURRENT ASSETS 16,490,668 16,164,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,490,668

16,164,068

CREDITORS
Amounts falling due after more than one
year

6

18,341,337

17,526,755
NET LIABILITIES (1,850,669 ) (1,362,687 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,850,769 ) (1,362,787 )
SHAREHOLDERS' FUNDS (1,850,669 ) (1,362,687 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Livres Limited (Registered number: 11122259)

Balance Sheet - continued
31 December 2022


The 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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:



........................................................................
M A M Lotzer - Director


........................................................................
J Rinderer - Director


Livres Limited (Registered number: 11122259)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Livres 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 19,268 7,950

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 37,882 9,370
Other creditors 2,400 4,800
40,282 14,170

Livres Limited (Registered number: 11122259)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 18,341,337 17,526,755

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is FLP Limited.

The ultimate controlling party of the company is FLP Limited, a company registered in Liechtenstein.