Liberty Management (Wembley) Ltd 04070631 true 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of residents property management Digita Accounts Production Advanced 6.30.9574.0 true Mr Bassem Masri Mr Lorenzo Alfredo Calzavara 04070631 2022-10-01 2023-09-30 04070631 2023-09-30 04070631 bus:OrdinaryShareClass1 2023-09-30 04070631 core:RetainedEarningsAccumulatedLosses 2023-09-30 04070631 core:ShareCapital 2023-09-30 04070631 core:CurrentFinancialInstruments 2023-09-30 04070631 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04070631 core:FurnitureFittingsToolsEquipment 2023-09-30 04070631 core:LandBuildings 2023-09-30 04070631 bus:FRS102 2022-10-01 2023-09-30 04070631 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04070631 bus:FullAccounts 2022-10-01 2023-09-30 04070631 bus:RegisteredOffice 2022-10-01 2023-09-30 04070631 bus:Director2 2022-10-01 2023-09-30 04070631 bus:Director4 2022-10-01 2023-09-30 04070631 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 04070631 bus:EntityNoLongerTradingButTradedInPast 2022-10-01 2023-09-30 04070631 bus:Consolidated 2022-10-01 2023-09-30 04070631 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04070631 core:FurnitureFittings 2022-10-01 2023-09-30 04070631 countries:EnglandWales 2022-10-01 2023-09-30 04070631 2022-09-30 04070631 core:FurnitureFittingsToolsEquipment 2022-09-30 04070631 core:LandBuildings 2022-09-30 04070631 2021-10-01 2022-09-30 04070631 2022-09-30 04070631 bus:OrdinaryShareClass1 2022-09-30 04070631 core:RetainedEarningsAccumulatedLosses 2022-09-30 04070631 core:ShareCapital 2022-09-30 04070631 core:CurrentFinancialInstruments 2022-09-30 04070631 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 04070631 core:FurnitureFittingsToolsEquipment 2022-09-30 04070631 core:LandBuildings 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04070631

Liberty Management (Wembley) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Liberty Management (Wembley) Ltd

Profit and Loss Account for the Year Ended 30 September 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Liberty Management (Wembley) Ltd

(Registration number: 04070631)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

12,999

12,999

Creditors: Amounts falling due within one year

5

(1,522)

(1,521)

Net assets

 

11,477

11,478

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

11,377

11,378

Shareholders' funds

 

11,477

11,478

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 April 2024 and signed on its behalf by:
 

.........................................
Mr Bassem Masri
Director

.........................................
Mr Lorenzo Alfredo Calzavara
Director

 
     
 

Liberty Management (Wembley) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Liberty Centre
Mount Pleasant
Wembley
Middlesex
HA0 1TX

These financial statements were authorised for issue by the Board on 2 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture & Fittings

25% reducing balance

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Liberty Management (Wembley) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

12,999

13,557

26,556

At 30 September 2023

12,999

13,557

26,556

Depreciation

At 1 October 2022

-

13,557

13,557

At 30 September 2023

-

13,557

13,557

Carrying amount

At 30 September 2023

12,999

-

12,999

At 30 September 2022

12,999

-

12,999

Included within the net book value of land and buildings above is £12,999 (2022 - £12,999) in respect of freehold land and buildings.
 

 

Liberty Management (Wembley) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Debtors

Current

2023
£

2022
£

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

13

12

Trade creditors

 

789

789

Accruals

 

720

720

 

1,522

1,521

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Share Capital of £1 each

100

100

100

100

         

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

13

12

8

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).