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REGISTERED NUMBER: 03678723 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

LIVERPOOL PROPERTIES MANAGEMENT LIMITED

LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVERPOOL PROPERTIES MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr D Doyle



SECRETARY: Mr D Doyle



REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH



REGISTERED NUMBER: 03678723 (England and Wales)



BANKERS: State Bank of India UK Ltd
Carlton House
18 Albert square
Manchester
M2 5PE

LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,847 218,399

CURRENT ASSETS
Stocks 37,825 30,653
Debtors 5 75,339 38,455
Cash at bank and in hand 2,837,148 2,301,264
2,950,312 2,370,372
CREDITORS
Amounts falling due within one year 6 1,415,246 1,140,648
NET CURRENT ASSETS 1,535,066 1,229,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,775,913

1,448,123

PROVISIONS FOR LIABILITIES 7 22,850 22,850
NET ASSETS 1,753,063 1,425,273

CAPITAL AND RESERVES
Called up share capital 8 1,400,000 1,400,000
Retained earnings 353,063 25,273
SHAREHOLDERS' FUNDS 1,753,063 1,425,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 12th October 2023 and were signed by:





Mr D Doyle - Director


LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Liverpool Properties Management 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 principal place of business is The Liner Hotel, Lord Nelson Street, Liverpool L3 5QB.

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.

Significant judgements and estimates
The preparation of the financial statements in conformity with the generally accepted accounting principles requirement to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, disclosure of contingent liabilities on date of the financial statements and reported amount of revenue and expenses during the reporting period. The estimates and assumptions used in the accompanying financial statements are based upon management's
evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results could differ from the estimates.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% on cost

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2022 - 65 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 260,706 75,211 322,036
Additions 17,010 11,450 38,153
At 31st March 2023 277,716 86,661 360,189
DEPRECIATION
At 1st April 2022 121,247 55,509 278,176
Charge for year 13,886 7,789 20,503
At 31st March 2023 135,133 63,298 298,679
NET BOOK VALUE
At 31st March 2023 142,583 23,363 61,510
At 31st March 2022 139,459 19,702 43,860

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 13,045 110,298 781,296
Additions - 2,478 69,091
At 31st March 2023 13,045 112,776 850,387
DEPRECIATION
At 1st April 2022 12,057 95,908 562,897
Charge for year 247 4,218 46,643
At 31st March 2023 12,304 100,126 609,540
NET BOOK VALUE
At 31st March 2023 741 12,650 240,847
At 31st March 2022 988 14,390 218,399

LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,504 34,402
Other debtors 34,835 4,053
75,339 38,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,163,320 1,022,876
Taxation and social security 221,293 101,511
Other creditors 30,633 16,261
1,415,246 1,140,648

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 22,850 22,850

Deferred
tax
£   
Balance at 1st April 2022 22,850
Balance at 31st March 2023 22,850

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
600,000 Ordinary £1 600,000 600,000
800,000 Redeemable Preference Share £1 800,000 800,000
1,400,000 1,400,000

The preference shares are redeemable at the company's option and the preference dividends are payable at the discretion of the Board of Directors of the company. In case of winding up of the company, the preference shareholders will rank above the ordinary shareholders.

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - 22,675

10. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments of £300,000 annually, expiring in more than 5 years.

LIVERPOOL PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 03678723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


11. RELATED PARTY DISCLOSURES

Birkdale Estate Inc.

Birkdale Estates Inc is owned by close family members of the shareholders of Liverpool Properties Management Limited.

During the year, the company paid rent at open market value amounting to £300,000 (2022: £Nil) to Birkdale Estate Inc. During the previous year, there was a rent holiday due to Covid-19 pandemic. The company also made some payments on behalf of Birkdale Estate Inc. Balance payable to Birkdale Estates Inc. as at 31st March 2023 was £632,3480 (2022: £771,105).

12. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mr Abhishek Kamani and Mr Aditya Kamani.