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REGISTERED NUMBER: 09088048 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Liquid 11 Estates Limited

Liquid 11 Estates Limited (Registered number: 09088048)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Liquid 11 Estates Limited (Registered number: 09088048)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,230 11,207
Investment property 5 6,782,501 6,123,784
6,861,731 6,134,991

CURRENT ASSETS
Debtors 12,325 9,509
Cash at bank and in hand 906,289 146,601
918,614 156,110
CREDITORS
Amounts falling due within one year 5,831,114 4,371,231
NET CURRENT LIABILITIES (4,912,500 ) (4,215,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,949,231

1,919,870

PROVISIONS FOR LIABILITIES 284,824 338,096
NET ASSETS 1,664,407 1,581,774

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 927,991 1,094,368
Retained earnings 736,316 487,306
SHAREHOLDERS' FUNDS 1,664,407 1,581,774

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

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

Liquid 11 Estates Limited (Registered number: 09088048)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2023 and were signed by:





Mr G Hardy - Director


Liquid 11 Estates Limited (Registered number: 09088048)

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

1. STATUTORY INFORMATION

Liquid 11 Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09088048

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - 1 ) .

Liquid 11 Estates Limited (Registered number: 09088048)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 15,950
Additions 71,760
At 31 March 2023 87,710
DEPRECIATION
At 1 April 2022 4,743
Charge for year 3,737
At 31 March 2023 8,480
NET BOOK VALUE
At 31 March 2023 79,230
At 31 March 2022 11,207

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 6,123,784
Additions 957,442
Disposals (160,000 )
Revaluations (138,725 )
At 31 March 2023 6,782,501
NET BOOK VALUE
At 31 March 2023 6,782,501
At 31 March 2022 6,123,784

Investment property was valued on an open market basis by the director on 31st March 2023.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 1,432,464
Valuation in 2023 (138,725 )
Cost 5,488,762
6,782,501