Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30Other letting and operating of own or leased real estate2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01false2truetrue 09626838 2022-07-01 2023-06-30 09626838 2021-07-01 2022-06-30 09626838 2023-06-30 09626838 2022-06-30 09626838 c:Director1 2022-07-01 2023-06-30 09626838 d:FreeholdInvestmentProperty 2022-07-01 2023-06-30 09626838 d:FreeholdInvestmentProperty 2023-06-30 09626838 d:FreeholdInvestmentProperty 2022-06-30 09626838 d:FreeholdInvestmentProperty 2 2022-07-01 2023-06-30 09626838 d:CurrentFinancialInstruments 2023-06-30 09626838 d:CurrentFinancialInstruments 2022-06-30 09626838 d:Non-currentFinancialInstruments 2023-06-30 09626838 d:Non-currentFinancialInstruments 2022-06-30 09626838 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09626838 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09626838 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09626838 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09626838 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09626838 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 09626838 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 09626838 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 09626838 d:ShareCapital 2023-06-30 09626838 d:ShareCapital 2022-06-30 09626838 d:InvestmentPropertiesRevaluationReserve 2022-07-01 2023-06-30 09626838 d:InvestmentPropertiesRevaluationReserve 2023-06-30 09626838 d:InvestmentPropertiesRevaluationReserve 2022-06-30 09626838 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09626838 d:RetainedEarningsAccumulatedLosses 2023-06-30 09626838 d:RetainedEarningsAccumulatedLosses 2022-06-30 09626838 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 09626838 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 09626838 c:FRS102 2022-07-01 2023-06-30 09626838 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09626838 c:FullAccounts 2022-07-01 2023-06-30 09626838 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09626838 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 09626838 d:TaxLossesCarry-forwardsDeferredTax 2022-06-30 09626838 d:OtherDeferredTax 2023-06-30 09626838 d:OtherDeferredTax 2022-06-30 09626838 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number:  09626838














HABITUS LIVERPOOL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


 
HABITUS LIVERPOOL LTD
REGISTERED NUMBER: 09626838

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
7,495,000
7,360,001

  
7,495,000
7,360,001

Current assets
  

Debtors: amounts falling due within one year
 5 
735,888
537,268

Cash at bank and in hand
 6 
289,719
50,460

  
1,025,607
587,728

Creditors: amounts falling due within one year
 7 
(90,522)
(92,372)

Net current assets
  
 
 
935,085
 
 
495,356

Total assets less current liabilities
  
8,430,085
7,855,357

Creditors: amounts falling due after more than one year
 8 
(6,596,129)
(5,769,301)

Provisions for liabilities
  

Deferred tax
 11 
(371,490)
(446,975)

  
 
 
(371,490)
 
 
(446,975)

Net assets
  
1,462,466
1,639,081


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
 12 
1,855,801
1,788,525

Profit and loss account
 12 
(393,435)
(149,544)

  
1,462,466
1,639,081


Page 1

 
HABITUS LIVERPOOL LTD
REGISTERED NUMBER: 09626838
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R Klin
Director

Date: 29 July 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 04703927). The address of the registered office is 2 Devonshire Square, London, United Kingdom, EC2M 4UJ.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company during the year was that of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

  
2.7

Investment Property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

2023
2022
£
£

Wages and salaries
18,200
20,000

18,200
20,000


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
7,360,001


Additions at cost
61,963


Surplus on revaluation
73,036



At 30 June 2023
7,495,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 July 2022
1,788,525
1,372,912

Net surplus/(deficit) in movement properties
67,276
415,613

At 30 June 2023
1,855,801
1,788,525




Page 6

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
46,175
64,331

Other debtors
676,663
461,848

Prepayments and accrued income
13,050
11,089

735,888
537,268



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
289,719
50,460

289,719
50,460



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
56,000
56,000

Trade creditors
-
998

Other taxation and social security
520
520

Other creditors
3,070
-

Accruals and deferred income
30,932
34,854

90,522
92,372


Page 7

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
5,225,629
4,398,801

Other loans
1,370,500
1,370,500

6,596,129
5,769,301


The bank loans and other loans are secured by fixed and floating charges held against the investment properties owned by the company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
56,000
56,000

Amounts falling due 1-2 years

Other loans
1,370,500
1,370,500


Amounts falling due after more than 5 years

Bank loans
5,225,629
4,398,800

6,652,129
5,825,300


Page 8

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
289,719
50,459

Financial assets measured at amortised cost
762,891
526,178

1,052,610
576,637


Financial liabilities


Financial liabilities measured at amortised cost
6,601,237
5,859,796


Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


Financial assets measured at amortised cost comprise of trade and other debtors


Financial liabilities measured at amortised cost comprise of trade creditors, other creditors, loans and accruals.

Page 9

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.


Deferred taxation




2023


£






At beginning of year
(446,975)


Charged to profit or loss
75,485



At end of year
(371,490)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax losses carried forward
123,687
42,442

Surplus on revaluation of investment property
(495,177)
(489,417)

(371,490)
(446,975)


12.


Reserves

Investment property revaluation reserve

Relates to the revaluation of the freehold property in current and prior periods.

Profit & loss account

Retained earnings includes all current and prior period profits and losses less dividends paid.

Page 10

 
HABITUS LIVERPOOL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

13.


Related party transactions

Included in other debtors and other creditors are the following amounts owed (to) / from related parties:


2023
2022
£
£

Habitus Investments Ltd
167,527
162,259
Habitus Parking Ltd
376,269
257,969
Klin Property Liverpool Ltd
5,000
-
R Klin
62,663
20,810
T J K Watkins
40,850
20,810
652,309
461,848

R Klin and T J K Watkins are directors of the company.
R Klin and T J K Watkins are both directors and shareholders of Habitus Liverpool, Habitus Investments Ltd and Habitus Parking Ltd. 
R Klin is a director and shareholder of Klin Property Liverpool Ltd. 


14.


Controlling party

The company is under the control of its directors.

 
Page 11