Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30falsetrue2022-10-01Development of building projects22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12190613 2022-10-01 2023-09-30 12190613 2021-10-01 2022-09-30 12190613 2023-09-30 12190613 2022-09-30 12190613 c:Director1 2022-10-01 2023-09-30 12190613 d:Buildings 2022-10-01 2023-09-30 12190613 d:Buildings 2023-09-30 12190613 d:Buildings 2022-09-30 12190613 d:CurrentFinancialInstruments 2023-09-30 12190613 d:CurrentFinancialInstruments 2022-09-30 12190613 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12190613 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12190613 d:ShareCapital 2023-09-30 12190613 d:ShareCapital 2022-09-30 12190613 d:RetainedEarningsAccumulatedLosses 2023-09-30 12190613 d:RetainedEarningsAccumulatedLosses 2022-09-30 12190613 c:FRS102 2022-10-01 2023-09-30 12190613 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12190613 c:FullAccounts 2022-10-01 2023-09-30 12190613 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12190613 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number:  12190613














LOVE LANE (LIVERPOOL) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


 
LOVE LANE (LIVERPOOL) LIMITED
REGISTERED NUMBER: 12190613

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
157,198
68,715

  
157,198
68,715

Current assets
  

Stocks
  
471,595
274,862

Debtors: amounts falling due within one year
 5 
38,192
96,913

Cash at bank and in hand
 6 
1,502
14,333

  
511,289
386,108

Creditors: amounts falling due within one year
 7 
(673,915)
(454,659)

Net current liabilities
  
 
 
(162,626)
 
 
(68,551)

Total assets less current liabilities
  
(5,428)
164

  

Net (liabilities)/assets
  
(5,428)
164


Capital and reserves
  

Called up share capital 
  
196
196

Profit and loss account
  
(5,624)
(32)

  
(5,428)
164


Page 1

 
LOVE LANE (LIVERPOOL) LIMITED
REGISTERED NUMBER: 12190613
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers 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 director acknowledges her 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 income and retained earnings 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: 




................................................
J K Waller
Director

Date: 12 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LOVE LANE (LIVERPOOL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 (no.12190613). The address of the registered office is Unit 5 Turnstone, Mulberry Avenue, Widnes, England, WA8 0WN.
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 is that of development of building projects.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
On cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
LOVE LANE (LIVERPOOL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.


3.


Employees




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


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 October 2022
68,715


Additions
88,483



At 30 September 2023

157,198






Net book value



At 30 September 2023
157,198



At 30 September 2022
68,715

Page 4

 
LOVE LANE (LIVERPOOL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
38,192
96,913

38,192
96,913



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,502
14,333

1,502
14,333



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
41,911
204,049

Other creditors
631,004
250,610

Accruals and deferred income
1,000
-

673,915
454,659


Page 5

 
LOVE LANE (LIVERPOOL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Related party transactions

Included in debtors and creditors are the following amounts due from / (to) related parties at the balance sheet date:


2023
2022
£
£

Puro Property Investments Limited
30,000
30,000
L3 Capital Ltd
(556,004)
(250,610)
(526,004)
(220,610)

Puro Property Investments Limited owned 100 ordinary shares in the Company until 31 August 2022. The loan is repayable on demand and no interest has been charged.
L3 Capital Ltd owns 96 B ordinary shares in the Company. The loan is repayable on demand and no interest has been charged.


9.


Controlling party

The controlling party of the Company is the director.

 
Page 6