Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true222023-04-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08075452 2023-04-01 2024-03-31 08075452 2022-04-01 2023-03-31 08075452 2024-03-31 08075452 2023-03-31 08075452 c:Director1 2023-04-01 2024-03-31 08075452 d:PlantMachinery 2023-04-01 2024-03-31 08075452 d:PlantMachinery 2024-03-31 08075452 d:PlantMachinery 2023-03-31 08075452 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08075452 d:CurrentFinancialInstruments 2024-03-31 08075452 d:CurrentFinancialInstruments 2023-03-31 08075452 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08075452 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08075452 d:ShareCapital 2024-03-31 08075452 d:ShareCapital 2023-03-31 08075452 d:RetainedEarningsAccumulatedLosses 2024-03-31 08075452 d:RetainedEarningsAccumulatedLosses 2023-03-31 08075452 c:FRS102 2023-04-01 2024-03-31 08075452 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08075452 c:FullAccounts 2023-04-01 2024-03-31 08075452 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08075452 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08075452









LIVE LIFE HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LIVE LIFE HOMES LIMITED
REGISTERED NUMBER: 08075452

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
205
233

Investments
 5 
50
50

  
255
283

Current assets
  

Debtors: amounts falling due within one year
 6 
6,034
6,034

Cash at bank and in hand
 7 
15
15

  
6,049
6,049

Creditors: amounts falling due within one year
 8 
(6,695)
(6,095)

Net current liabilities
  
 
 
(646)
 
 
(46)

Total assets less current liabilities
  
(391)
237

Provisions for liabilities
  

Deferred tax
  
(98)
(98)

  
 
 
(98)
 
 
(98)

Net (liabilities)/assets
  
(489)
139


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(589)
39

  
(489)
139


Page 1

 
LIVE LIFE HOMES LIMITED
REGISTERED NUMBER: 08075452
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 on 15 July 2024.




................................................
Jamie Jon Unsworth
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LIVE LIFE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of the company was that of management company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.3

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.

Page 3

 
LIVE LIFE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance

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 the Statement of income and retained earnings.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
LIVE LIFE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
LIVE LIFE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
690



At 31 March 2024

690



Depreciation


At 1 April 2023
457


Charge for the year on owned assets
28



At 31 March 2024

485



Net book value



At 31 March 2024
205



At 31 March 2023
233


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
50



At 31 March 2024
50





6.


Debtors

2024
2023
£
£


Other debtors
6,034
6,034

6,034
6,034


Page 6

 
LIVE LIFE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15
15

15
15



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
600
-

Corporation tax
2,345
2,345

Other creditors
3,150
3,150

Accruals and deferred income
600
600

6,695
6,095



9.


Transactions with directors

During the year the directors loan account amounted to £6,034, this was made up of an opening debit balance of £6,034. This is represented within other debtors. 

 
Page 7