Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseinsurance broker44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11311703 2023-01-01 2023-12-31 11311703 2022-01-01 2022-12-31 11311703 2023-12-31 11311703 2022-12-31 11311703 2022-01-01 11311703 c:Director3 2023-01-01 2023-12-31 11311703 d:OfficeEquipment 2023-12-31 11311703 d:OfficeEquipment 2022-12-31 11311703 d:ComputerEquipment 2023-12-31 11311703 d:ComputerEquipment 2022-12-31 11311703 d:CurrentFinancialInstruments 2023-12-31 11311703 d:CurrentFinancialInstruments 2022-12-31 11311703 d:Non-currentFinancialInstruments 2023-12-31 11311703 d:Non-currentFinancialInstruments 2022-12-31 11311703 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11311703 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11311703 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11311703 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11311703 d:ShareCapital 2023-01-01 2023-12-31 11311703 d:ShareCapital 2023-12-31 11311703 d:ShareCapital 2022-01-01 2022-12-31 11311703 d:ShareCapital 2022-12-31 11311703 d:ShareCapital 2022-01-01 11311703 d:ForeignCurrencyTranslationReserve 2023-01-01 2023-12-31 11311703 d:ForeignCurrencyTranslationReserve 2023-12-31 11311703 d:ForeignCurrencyTranslationReserve 2022-01-01 2022-12-31 11311703 d:ForeignCurrencyTranslationReserve 2022-12-31 11311703 d:ForeignCurrencyTranslationReserve 2022-01-01 11311703 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11311703 d:RetainedEarningsAccumulatedLosses 2023-12-31 11311703 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11311703 d:RetainedEarningsAccumulatedLosses 2022-12-31 11311703 d:RetainedEarningsAccumulatedLosses 2022-01-01 11311703 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11311703 c:OrdinaryShareClass1 2023-12-31 11311703 c:OrdinaryShareClass1 2022-12-31 11311703 c:FRS102 2023-01-01 2023-12-31 11311703 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11311703 c:FullAccounts 2023-01-01 2023-12-31 11311703 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11311703 2 2023-01-01 2023-12-31 11311703 e:Euro 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 11311703











________________________________________________________________________________________


LIVA PARTNERS LIMITED

________________________________________________________________________________________



UNAUDITED

ANNUAL REPORT

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 
31 DECEMBER 2023

 
LIVA PARTNERS LIMITED
REGISTERED NUMBER:11311703

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

Fixed assets
  

Tangible assets
 4 
-
-

Investments
 5 
218,234
152,198

  
218,234
152,198

Current assets
  

Debtors: amounts falling due after more than one year
 6 
1,254,640
713,307

Debtors: amounts falling due within one year
 6 
352,655
198,996

Cash at bank and in hand
  
78,950
141,659

  
1,686,245
1,053,962

Creditors: amounts falling due within one year
 7 
(216,881)
(68,146)

Net current assets
  
 
 
1,469,364
 
 
985,816

Total assets less current liabilities
  
1,687,598
1,138,014

Creditors: amounts falling due after more than one year
 8 
(1,500,000)
(1,000,000)

  

Net assets
  
187,598
138,014


Capital and reserves
  

Called up share capital 
 9 
36,000
36,000

Foreign exchange reserve
 10 
(1,243)
(1,243)

Profit and loss account
 10 
152,841
103,257

  
187,598
138,014


Page 1

 
LIVA PARTNERS LIMITED
REGISTERED NUMBER:11311703
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 on pages 1 to 11 were approved and authorised for issue by the board on 21 August 2024 and were signed on its behalf by:




C Kueppers
Director

Page 2

 
LIVA PARTNERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Foreign exchange reserve
Profit and loss account
Total equity


At 1 January 2023
36,000
(1,243)
103,257
138,014


Comprehensive income for the year

Profit for the year
-
-
49,584
49,584


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
49,584
49,584


Total transactions with owners
-
-
-
-


At 31 December 2023
36,000
(1,243)
152,841
187,598


Page 3

 
LIVA PARTNERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Foreign exchange reserve
Profit and loss account
Total equity


At 1 January 2022
36,000
(1,243)
7,957
42,714


Comprehensive income for the year

Profit for the year
-
-
559,712
559,712


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
559,712
559,712


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(464,412)
(464,412)


Total transactions with owners
-
-
(464,412)
(464,412)


At 31 December 2022
36,000
(1,243)
103,257
138,014


Page 4

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Statement of compliance

The Company's principal activity is the provision of M&A insurance services.
Liva Partners Limited is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is 85 Gresham Street, London, England, EC2V 7NQ. 

  
1.2

Basis of preparation of financial statements

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, ‘the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (“FRS 102”) and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The preparation of financial statements requires the use of certain critical accounting estimates.  It also requires management to exercise its judgment in the process of applying the Company's accounting policies.  The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.

  
1.3

Turnover

Revenue is recognised to the extent that the Company obtains the right to consideration in exchange for its performance.  Revenue is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added tax.  The following criteria must also be met before revenue is recognised:
Sale 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.


Page 5

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

  
1.4

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.  Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use and dismantling and restoration costs.
 
Depreciation is calculated, using the straight line method, to allocate the cost of assets less their residual value over their estimated useful lives, as follows:
                Computer & Office Equipment        -  3 years
The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively.
Subsequent costs are included in the assets’ carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the Company and the cost can be measured reliably.  Repairs and maintenance costs are expensed as incurred.
Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected.  On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Profit and Loss Account and included in ‘administrative expenses’.

  
1.5

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

  
1.6

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the Profit and Loss Account in ‘administrative expenses’.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

  
1.7

Foreign currency translation

Functional and presentation currency
The Company's functional currency is the euro. The Company's presentation currency is the euro.
 
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.  At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.  Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Profit and Loss Account under the heading to which they relate.

  
1.8

Share Capital

Ordinary shares are classified as equity.

  
1.9

Operating leases: lessee

At inception the Company assesses agreements that transfer the right to use assets.  The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases.  Rentals payable under operating leases are charged to the Profit and Loss Account on a straight line basis over the period of the lease.  Lease incentives are recognised over the lease term on a straight line basis.

  
1.10

Related party transactions

The Company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors separate disclosure is necessary to understand the effect of the transactions on the Company’s financial statements.

Page 7

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

  
1.11

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
 
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

 
1.12

Interest income

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


2.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 8

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total




Cost 


At 1 January 2023
3,211
6,044
9,255



At 31 December 2023

3,211
6,044
9,255



Depreciation


At 1 January 2023
3,211
6,044
9,255



At 31 December 2023

3,211
6,044
9,255



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
-
-


5.


Fixed asset investments





Investments in subsidiary companies




Cost 


At 1 January 2023
152,198


Additions
66,036



At 31 December 2023
218,234




Page 9

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022

Due after more than one year

Amounts owed by group undertakings
1,254,640
713,307


2023
2022

Due within one year

Trade debtors
82,275
-

Amounts owed by group undertakings
218,650
194,818

Other debtors
239
238

Prepayments and accrued income
51,491
3,940

352,655
198,996



7.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
122,829
8,615

Corporation tax
10,810
513

Other taxation and social security
8,930
-

Accruals and deferred income
74,312
59,018

216,881
68,146



8.


Creditors: Amounts falling due after more than one year

2023
2022

Amounts owed to related parties
1,500,000
1,000,000


The loan is secured, by means of a fixed and floating charge over the shares of the Company.

Page 10

 
LIVA PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
Allotted, called up and fully paid



3,600,001 (2022 - 3,600,001) Ordinary shares of 0.01 each
36,000
36,000



10.


Reserves

Foreign exchange reserve

The foreign exchange reserve is a non-distributable reserve.

Profit and loss account

The profit and loss account is a wholly distributable reserve.

 
Page 11