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REGISTERED NUMBER: 08717285 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

LIVBETH INVESTCO LIMITED

LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

BALANCE SHEET
5 APRIL 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,039 6,119
Investments 5 1,064,821 10,463,147
Investment property 6 3,165,093 3,094,750
4,241,953 13,564,016

CURRENT ASSETS
Debtors 7 1,614 1,453
Cash at bank 7,725,678 15,954
7,727,292 17,407
CREDITORS
Amounts falling due within one year 8 8,455,069 9,442,439
NET CURRENT LIABILITIES (727,777 ) (9,425,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,514,176

4,138,984

PROVISIONS FOR LIABILITIES 207,096 693,492
NET ASSETS 3,307,080 3,445,492

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 575,464 545,180
Retained earnings 2,731,615 2,900,311
SHAREHOLDERS' FUNDS 3,307,080 3,445,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

BALANCE SHEET - continued
5 APRIL 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2023 and were signed by:





Mr S Middleton - Director


LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Livbeth Investco 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: 08717285

Registered office: 91 Walton Road
Stockton Heath
Warrington
Cheshire
WA4 6NR

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

These financial statements have been prepared on a going concern basis. At the year end the company had net current liabilities of £727,777 (2022: £9,425,032) which might indicate that the company is not a going concern. However, included in current liabilities is an amount owed to the director of £8,270,775 (2022: £9,399,600) which, although is technically repayable on demand, will not be called in within the next twelve months. Taking this into account and the profitable nature of the rental income within the company, the director is confident that the company will continue to be able to meet its financial obligations for a period of at least twelve months from the date these financial statements were approved.

Turnover
Turnover represents rental income receivable from investment properties and dividend income receivable from investments.

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 - 15% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is accounted for at fair value with gains and losses recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Fixed asset investments are restated to fair value at the year end using quoted prices at that date. Any changes in fair value are recognised in the profit and loss account for the year. Unquoted investments are shown at brokers estimated value.

Investment income
Interest and dividends, together with imputed tax credits (where applicable), are accounted for on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2022 21,700
Additions 7,789
At 5 April 2023 29,489
DEPRECIATION
At 6 April 2022 15,581
Charge for year 1,869
At 5 April 2023 17,450
NET BOOK VALUE
At 5 April 2023 12,039
At 5 April 2022 6,119

LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

5. FIXED ASSET INVESTMENTS

5.4.23 5.4.22
£    £   
Other investments not loans 1,064,821 10,463,147

Additional information is as follows:
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 6 April 2022 9,819,595 597,562 10,417,157
Additions 117,822 71,054 188,876
Disposals (7,643,303 ) - (7,643,303 )
Revaluations (1,979,839 ) (29,965 ) (2,009,804 )
At 5 April 2023 314,275 638,651 952,926
NET BOOK VALUE
At 5 April 2023 314,275 638,651 952,926
At 5 April 2022 9,819,595 597,562 10,417,157

The historic cost of investments was £682,331 (2022: £8,136,759).

Investments (neither listed nor unlisted) were as follows:
5.4.23 5.4.22
£    £   
Cash 111,895 45,990

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022 3,094,750
Revaluations 70,343
At 5 April 2023 3,165,093
NET BOOK VALUE
At 5 April 2023 3,165,093
At 5 April 2022 3,094,750

The director is of the opinion that the market value of the investment properties at 5 April 2023 is as stated above.

The historic cost of investment properties was £2,607,302 (2022: £2,607,302).


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Prepayments and accrued income 1,614 1,453

LIVBETH INVESTCO LIMITED (REGISTERED NUMBER: 08717285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Corporation tax 172,462 23,988
Directors' current accounts 8,270,775 9,399,600
Accruals and deferred income 11,832 18,851
8,455,069 9,442,439

9. RESERVES
Fair
value
reserve
£   
At 6 April 2022 545,180
Reserve transfer 30,284

At 5 April 2023 575,464

10. RELATED PARTY DISCLOSURES

During the year monies totalling £nil (2022: £5,376) were received from the director and £1,128,825 (2022: £nil) was repaid to the director. At the year end an amount of £8,270,775 (2022: £9,399,600) remained due to the director.