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REGISTERED NUMBER: 06006415 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

LIQUIDTHINKER LIMITED

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIQUIDTHINKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr D Hughes
Mrs G Hughes





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 06006415 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,131 35,992
Investment property 6 2,971,052 2,585,000
2,999,183 2,620,992

CURRENT ASSETS
Debtors 7 222,457 176,733
Cash at bank 630,248 526,179
852,705 702,912
CREDITORS
Amounts falling due within one year 8 (308,472 ) (180,498 )
NET CURRENT ASSETS 544,233 522,414
TOTAL ASSETS LESS CURRENT LIABILITIES 3,543,416 3,143,406

PROVISIONS FOR LIABILITIES 9 (203,547 ) (195,512 )
NET ASSETS 3,339,869 2,947,894

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 746,501 706,501
Retained earnings 11 2,593,268 2,241,293
SHAREHOLDERS' FUNDS 3,339,869 2,947,894

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:





Mr D Hughes - Director


LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Liquidthinker 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
Turnover represents net invoiced value of goods and services provided in the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amorotised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 5,000
AMORTISATION
At 1st December 2022
and 30th November 2023 5,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 6,362 34,780 6,158 47,300
Additions 2,474 - 578 3,052
At 30th November 2023 8,836 34,780 6,736 50,352
DEPRECIATION
At 1st December 2022 3,655 2,898 4,755 11,308
Charge for year 1,375 8,695 843 10,913
At 30th November 2023 5,030 11,593 5,598 22,221
NET BOOK VALUE
At 30th November 2023 3,806 23,187 1,138 28,131
At 30th November 2022 2,707 31,882 1,403 35,992

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 2,585,000
Additions 346,052
Revaluations 40,000
At 30th November 2023 2,971,052
NET BOOK VALUE
At 30th November 2023 2,971,052
At 30th November 2022 2,585,000

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


6. INVESTMENT PROPERTY - continued

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2016 150,554
Valuation in 2017 57,635
Valuation in 2019 132,000
Valuation in 2020 120,779
Valuation in 2021 102,800
Valuation in 2022 182,288
Valuation in 2023 40,000
Cost 2,184,996
2,971,052

If investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 2,184,996 1,838,944

Investment properties were valued on an open market basis on 30th November 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 153,299 121,584
Other debtors 69,158 55,149
222,457 176,733

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 3,677 2,925
Taxation and social security 291,482 161,596
Other creditors 13,313 15,977
308,472 180,498

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated Capital Allowances 7,033 8,998
Investment property gains 196,514 186,514
203,547 195,512

Deferred
tax
£   
Balance at 1st December 2022 195,512
Charge to Statement of Income and Retained Earnings during
year

8,035
Balance at 30th November 2023 203,547

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st December 2022 2,241,293 706,501 2,947,794
Profit for the year 691,975 691,975
Dividends (300,000 ) (300,000 )
Transfer of Revaluations (40,000 ) 40,000 -
At 30th November 2023 2,593,268 746,501 3,339,769

LIQUIDTHINKER LIMITED (REGISTERED NUMBER: 06006415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a directors subsisted during the years ended 30th November 2023 and 30th November 2022:

30.11.23 30.11.22
£    £   
Mr D Hughes and Mrs G Hughes
Balance outstanding at start of year 42,336 (287 )
Amounts advanced 347,409 237,198
Amounts repaid (336,069 ) (194,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,676 42,336

The maximum balance the Directors Loan Account was overdrawn by during the year was £101,339. Interest has been charged at the HMRC approved interest rate on the outstanding
balance.