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REGISTERED NUMBER: 07261864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Liverpool Investment Solutions Ltd

Liverpool Investment Solutions Ltd (Registered number: 07261864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Liverpool Investment Solutions Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr J F Elster





REGISTERED OFFICE: 58 Breckfield Road South
Liverpool
Merseyside
L6 5DR





REGISTERED NUMBER: 07261864 (England and Wales)





ACCOUNTANTS: Craig Callum Associates Ltd
Landmark House
43-45 Merton Road
Bootle
Liverpool
Merseyside
L20 7AP

Liverpool Investment Solutions Ltd (Registered number: 07261864)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,644,000 3,657,000

CURRENT ASSETS
Debtors 5 68,530 10,468
Cash at bank 239,685 51,136
308,215 61,604
CREDITORS
Amounts falling due within one year 6 63,024 10,473
NET CURRENT ASSETS 245,191 51,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,889,191

3,708,131

CREDITORS
Amounts falling due after more than one
year

7

(2,154,513

)

(3,008,404

)

PROVISIONS FOR LIABILITIES 8 (47,428 ) (41,268 )
NET ASSETS 687,250 658,459

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 256,116 379,983
Retained earnings 9 431,132 278,474
SHAREHOLDERS' FUNDS 687,250 658,459

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

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

Liverpool Investment Solutions Ltd (Registered number: 07261864)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





Mr J F Elster - Director


Liverpool Investment Solutions Ltd (Registered number: 07261864)

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

1. STATUTORY INFORMATION

Liverpool Investment Solutions Ltd 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 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 NIL (2022 - NIL).

Liverpool Investment Solutions Ltd (Registered number: 07261864)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 3,657,000
Additions 30,000
Disposals (1,074,995 )
Revaluations 31,995
At 31 May 2023 2,644,000
NET BOOK VALUE
At 31 May 2023 2,644,000
At 31 May 2022 3,657,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2016 (155,863 )
Valuation in 2018 30,983
Valuation in 2019 177,000
Valuation in 2021 172,000
Valuation in 2023 31,995
Cost 2,387,885
2,644,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 2,387,885 3,432,880

The investment properties were valued on an open market basis on 31 May 2023 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 68,530 10,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,556 5,544
Taxation and social security 339 38
Other creditors 57,129 4,891
63,024 10,473

Liverpool Investment Solutions Ltd (Registered number: 07261864)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 33,333 38,901
Other creditors 2,121,180 2,969,503
2,154,513 3,008,404

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 16,745

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 47,428 41,268

Deferred
tax
£   
Balance at 1 June 2022 41,268
Provided during year 6,160
Balance at 31 May 2023 47,428

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 278,474 379,983 658,457
Profit for the year 28,791 28,791
Fair Value Reserve 123,867 (123,867 ) -
At 31 May 2023 431,132 256,116 687,248

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mr J F Elster
Balance outstanding at start of year (1,981 ) (16,614 )
Amounts advanced 50,283 14,633
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,302 (1,981 )

Liverpool Investment Solutions Ltd (Registered number: 07261864)

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J F Elster.