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REGISTERED NUMBER: 12994474 (England and Wales)















Livingstone Developments Ltd

Unaudited Financial Statements

for the Year Ended 30th November 2023






Livingstone Developments Ltd (Registered number: 12994474)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Livingstone Developments Ltd

Company Information
for the year ended 30th November 2023







DIRECTORS: Mrs S Brett
A Kiziak





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 12994474 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Livingstone Developments Ltd (Registered number: 12994474)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 335,000 335,000

CURRENT ASSETS
Stocks 210,000 187,980
Debtors 6 1,580 1,545
Cash at bank and in hand 3,504 25,425
215,084 214,950
CREDITORS
Amounts falling due within one year 7 560,406 554,117
NET CURRENT LIABILITIES (345,322 ) (339,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,322

)

(4,167

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (10,324 ) (4,169 )
SHAREHOLDERS' FUNDS (10,322 ) (4,167 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 22nd February 2024 and were signed on its behalf by:





Mrs S Brett - Director


Livingstone Developments Ltd (Registered number: 12994474)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Livingstone Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the development of residential property for sale.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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.

Going concern
These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

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

Livingstone Developments Ltd (Registered number: 12994474)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 335,000
NET BOOK VALUE
At 30th November 2023 335,000
At 30th November 2022 335,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,580 1,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,000 -
Amounts owed to group undertakings 538,500 538,500
Taxation and social security 2,609 557
Other creditors 15,297 15,060
560,406 554,117

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

9. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th November 2023 or 30th November 2022.

10. CAPITAL COMMITMENTS

There were no capital commitments as at 30th November 2023 or 30th November 2022.