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Company Registration No. 6073923 (England and Wales)
Liberty Projects Limited Unaudited accounts for the year ended 31 January 2024
Liberty Projects Limited Unaudited accounts Contents
Page
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Liberty Projects Limited Company Information for the year ended 31 January 2024
Director
J S Ratcliffe
Company Number
6073923 (England and Wales)
Registered Office
73 Warrington Road Warrington WA5 2DG United Kingdom
Accountants
Accountancy Value Ltd 47 Manston Road, Penketh Warrington Cheshire WA5 2HS
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Liberty Projects Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,649 
2,212 
Investment property
667,410 
667,410 
669,059 
669,622 
Current assets
Cash at bank and in hand
198 
1,220 
Creditors: amounts falling due within one year
(73,084)
(104,096)
Net current liabilities
(72,886)
(102,876)
Total assets less current liabilities
596,173 
566,746 
Creditors: amounts falling due after more than one year
(499,836)
(505,961)
Provisions for liabilities
Deferred tax
(117)
(117)
Net assets
96,220 
60,668 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
4,460 
4,460 
Profit and loss account
91,660 
56,108 
Shareholders' funds
96,220 
60,668 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 June 2024 and were signed on its behalf by
J S Ratcliffe Director Company Registration No. 6073923
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Liberty Projects Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Liberty Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 6073923. The registered office is 73 Warrington Road, Warrington, WA5 2DG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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. Investment property is recorded at fair value at each reporting date with fair value gains and losses being recorded in the profit and loss account. Deferred tax consequences in respect of fair value adjustments on investment property are also recorded in profit and loss account. Gains, net of deferred tax, are non-distributable to the shareholders and are presented in a separate component of equity in the balance sheet.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on cost
Computer equipment
33% on cost
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Liberty Projects Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
3,749 
4,633 
8,382 
At 31 January 2024
3,749 
4,633 
8,382 
Depreciation
At 1 February 2023
1,537 
4,633 
6,170 
Charge for the year
563 
- 
563 
At 31 January 2024
2,100 
4,633 
6,733 
Net book value
At 31 January 2024
1,649 
- 
1,649 
At 31 January 2023
2,212 
- 
2,212 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
667,410 
At 31 January 2024
667,410 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,277 
45,460 
Taxes and social security
5,626 
- 
Other creditors
19,064 
19,619 
Loans from directors
35,617 
38,517 
Accruals
500 
500 
73,084 
104,096 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
499,836 
505,961 
8
Transactions with related parties
There is an amount in other creditors of £8,670 (2023: £8,670) which is owed to a related party.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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