Libertypatt Ltd 11629468 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Property investment/development Digita Accounts Production Advanced 6.30.9574.0 true 11629468 2023-02-01 2024-01-31 11629468 2024-01-31 11629468 core:CurrentFinancialInstruments 2024-01-31 11629468 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11629468 core:FurnitureFittings 2024-01-31 11629468 core:OfficeEquipment 2024-01-31 11629468 bus:SmallEntities 2023-02-01 2024-01-31 11629468 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11629468 bus:FilletedAccounts 2023-02-01 2024-01-31 11629468 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11629468 bus:RegisteredOffice 2023-02-01 2024-01-31 11629468 bus:Director1 2023-02-01 2024-01-31 11629468 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11629468 core:FurnitureFittings 2023-02-01 2024-01-31 11629468 core:OfficeEquipment 2023-02-01 2024-01-31 11629468 countries:EnglandWales 2023-02-01 2024-01-31 11629468 2023-01-31 11629468 core:FurnitureFittings 2023-01-31 11629468 core:OfficeEquipment 2023-01-31 11629468 2022-02-01 2023-01-31 11629468 2023-01-31 11629468 core:CurrentFinancialInstruments 2023-01-31 11629468 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11629468 core:FurnitureFittings 2023-01-31 11629468 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11629468

Libertypatt Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

image-name
 

Libertypatt Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Libertypatt Ltd

Company Information

Director

Miss Liberty Adele Marriott-Pattinson

Registered office

Lion House
400 Durham Road
Birtley
Chester Le Street
United Kingdom
DH3 1LS

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Libertypatt Ltd

(Registration number: 11629468)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

777

1,303

Investment property

5

292,554

291,258

 

293,331

292,561

Current assets

 

Debtors

6

1,101

363

Cash at bank and in hand

 

1,201

7,264

 

2,302

7,627

Creditors: Amounts falling due within one year

7

(280,319)

(287,735)

Net current liabilities

 

(278,017)

(280,108)

Total assets less current liabilities

 

15,314

12,453

Provisions for liabilities

(148)

(248)

Net assets

 

15,166

12,205

Capital and reserves

 

Called up share capital

100

100

Retained earnings

15,066

12,105

Shareholders' funds

 

15,166

12,205

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Libertypatt Ltd

(Registration number: 11629468)
Balance Sheet as at 31 January 2024 (continued)

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2024
 

.........................................
Miss Liberty Adele Marriott-Pattinson
Director

 

Libertypatt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
Lion House
400 Durham Road
Birtley
Chester Le Street
United Kingdom
DH3 1LS

These financial statements were authorised for issue by the director on 23 July 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rental income. Rental income is recognised on an accruals basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Libertypatt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Office Equipment

33% straight line

Investment properties

Investment properties are shown at cost. The director does not believe the market value is materially different to the value shown in the accounts.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Libertypatt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Equipment
£

Total
£

Cost or valuation

At 1 February 2023

300

2,697

2,997

At 31 January 2024

300

2,697

2,997

Depreciation

At 1 February 2023

240

1,454

1,694

Charge for the year

60

466

526

At 31 January 2024

300

1,920

2,220

Carrying amount

At 31 January 2024

-

777

777

At 31 January 2023

60

1,243

1,303

5

Investment properties

2024
£

At 1 February

291,258

Additions

1,296

At 31 January

292,554

Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.

6

Debtors

2024
£

2023
£

Prepayments

1,101

350

Other debtors

-

13

1,101

363

 

Libertypatt Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,304

470

Taxation and social security

490

1,156

Accruals and deferred income

787

475

Other creditors

277,738

285,634

280,319

287,735

8

Related party transactions

Included in creditors due within one year is £277,739 (2023: £285,634) owed to the company director and her close family members.