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REGISTERED NUMBER: 07914667 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2023

for

Epic Liverpool Limited

Epic Liverpool Limited (Registered number: 07914667)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Epic Liverpool Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S A Beer
Mrs F A Beer





SECRETARY: S A Beer





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 07914667 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Epic Liverpool Limited (Registered number: 07914667)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,837 2,837
Tangible assets 5 4,199,096 4,231,722
Investments 6 70 70
4,202,003 4,234,629

CURRENT ASSETS
Debtors 2,069,606 2,899,234
Cash at bank and in hand 42,654 9,867
2,112,260 2,909,101
CREDITORS
Amounts falling due within one year 1,750,944 2,667,172
NET CURRENT ASSETS 361,316 241,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,563,319

4,476,558

CREDITORS
Amounts falling due after more than one
year

7

(2,143,369

)

(2,602,100

)

PROVISIONS FOR LIABILITIES (144,758 ) (144,758 )
NET ASSETS 2,275,192 1,729,700

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve 9 865,554 865,554
Retained earnings 1,409,633 864,141
SHAREHOLDERS' FUNDS 2,275,192 1,729,700

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

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

Epic Liverpool Limited (Registered number: 07914667)

Abridged Balance Sheet - continued
31 January 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 January 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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





S A Beer - Director


Epic Liverpool Limited (Registered number: 07914667)

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

1. STATUTORY INFORMATION

Epic Liverpool Limited 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
The turnover in the profit and loss account represents revenue recognised on services delivered on a cash or credit basis exclusive of value added tax based on the check in of the customer on the accrued period stayed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

Epic Liverpool Limited (Registered number: 07914667)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 11,345
AMORTISATION
At 1 February 2022
and 31 January 2023 8,508
NET BOOK VALUE

At 31 January 2023 2,837
At 31 January 2022 2,837

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 4,747,848
DEPRECIATION
At 1 February 2022 516,126
Charge for year 32,626
At 31 January 2023 548,752
NET BOOK VALUE
At 31 January 2023 4,199,096
At 31 January 2022 4,231,722

Cost or valuation at 31 January 2023 is represented by:

Totals
£   
Valuation in 2017 147,602
Valuation in 2018 105,984
Valuation in 2019 815,000
Valuation in 2022 4,500
Cost 3,674,762
4,747,848

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2022
and 31 January 2023 70
NET BOOK VALUE
At 31 January 2023 70
At 31 January 2022 70

Epic Liverpool Limited (Registered number: 07914667)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.1.23 31.1.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,027,518 1,482,407

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 2,631,901 3,090,632

Aib Group (UK) P.L.C has a charge over all that freehold property known as tunnage square duke street liverpool as the same is registered at h m land registry under title number MS632980.

Aib Group (UK) P.L.C has a charge over all that freehold property known as 75 duke street, liverpool, L1 4JW as the same is registered at hm land registry under title number MS302409.

Aib Group (UK) P.L.C has a charge over the assets and undertakings of the company

9. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 865,554

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Epic Liverpool Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Epic Liverpool Limited for the year ended 31 January 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Epic Liverpool Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Epic Liverpool Limited and state those matters that we have agreed to state to the Board of Directors of Epic Liverpool Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Epic Liverpool Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Epic Liverpool Limited. You consider that Epic Liverpool Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Epic Liverpool Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................