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REGISTERED NUMBER: 08103328 (England and Wales)











Financial Statements

for the Year Ended 31 January 2023

for

LIVE LET LIMITED

LIVE LET LIMITED (REGISTERED NUMBER: 08103328)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVE LET LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr J P Gerrard
Mr M Gerrard





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 08103328 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

LIVE LET LIMITED (REGISTERED NUMBER: 08103328)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,643 7,525

CURRENT ASSETS
Debtors 5 1,432,136 1,088,795
Cash at bank 19,565 49,842
1,451,701 1,138,637
CREDITORS
Amounts falling due within one year 6 561,452 471,798
NET CURRENT ASSETS 890,249 666,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

894,892

674,364

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 894,891 674,363
SHAREHOLDERS' FUNDS 894,892 674,364

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mr J P Gerrard - Director


LIVE LET LIMITED (REGISTERED NUMBER: 08103328)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Live Let 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.

These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company as there are sufficient external funds available.

Related party exemption
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.

Turnover
Turnover represents income received from the rental of properties. Rent is recognised in the accounts evenly over the rental agreement.
Property sales are recognised when the sale is legally completed and the proportion of costs associated with the site sold are released to cost of sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on Cost

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.

Cash flow
As the company is a subsidiary, it has taken exemption under the terms of Financial Reporting Standard 1 "Cash flow statements" (revised 1996) from preparing a cash flow statement, as it is included in the consolidated financial statements of Investland Ltd.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

LIVE LET LIMITED (REGISTERED NUMBER: 08103328)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022 24,606
Additions 318
At 31 January 2023 24,924
DEPRECIATION
At 1 February 2022 17,081
Charge for year 3,200
At 31 January 2023 20,281
NET BOOK VALUE
At 31 January 2023 4,643
At 31 January 2022 7,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 393,608 393,008
Amounts owed by group undertakings 1,016,524 667,099
Other debtors 22,004 28,688
1,432,136 1,088,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 7,948 1,633
Amounts owed to participating interests 379,475 288,498
Tax 80,916 91,305
Other creditors 72,033 78,722
Accruals and deferred income 21,080 11,640
561,452 471,798

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

LIVE LET LIMITED (REGISTERED NUMBER: 08103328)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 674,363
Profit for the year 220,528
At 31 January 2023 894,891

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £379,475 (2022: £288,497) to Urban Edge Group Ltd.

At the balance sheet date, the company was owed an amount £238,624 (2022: £207,598) by Investland Ltd and an amount of £777,900 (2022: £459,500) by Soda Studios Commercial Ltd

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one individual holds a controlling interest in the issued share capital of the parent company.

The parent company is Investland Limited, which is incorporated and registered in England.