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REGISTERED NUMBER: 09356403 (England and Wales)















Financial Statements for the Year Ended 29 December 2023

for

Leaf Properties Liverpool Limited

Leaf Properties Liverpool Limited (Registered number: 09356403)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leaf Properties Liverpool Limited

Company Information
for the Year Ended 29 December 2023







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 65-67 Bold Street
Liverpool
Merseyside
L1 4EZ





REGISTERED NUMBER: 09356403 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Leaf Properties Liverpool Limited (Registered number: 09356403)

Balance Sheet
29 December 2023

29.12.23 29.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,310,975 1,310,975

CURRENT ASSETS
Cash at bank 5,790 3,477

CREDITORS
Amounts falling due within one year 5 680,009 685,860
NET CURRENT LIABILITIES (674,219 ) (682,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,756

628,592

CREDITORS
Amounts falling due after more than
one year

6

482,925

588,703
NET ASSETS 153,831 39,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 153,731 39,789
SHAREHOLDERS' FUNDS 153,831 39,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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.

Leaf Properties Liverpool Limited (Registered number: 09356403)

Balance Sheet - continued
29 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





G P Haywood - Director


Leaf Properties Liverpool Limited (Registered number: 09356403)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

Leaf Properties Liverpool 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Impact of Covid-19
The accounts have been prepared on a going concern basis despite the bar in the trading company being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is property rental and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised when rent is received.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Intercompany loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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


Leaf Properties Liverpool Limited (Registered number: 09356403)

Notes to the Financial Statements - continued
for the Year Ended 29 December 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 December 2022
and 29 December 2023 1,310,975
NET BOOK VALUE
At 29 December 2023 1,310,975
At 29 December 2022 1,310,975

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans and overdrafts 84,980 62,951
Trade creditors - 1,637
Amounts owed to associates 572,063 591,663
Taxation and social security 12,882 28,708
Other creditors 10,084 901
680,009 685,860

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans 482,925 588,703

7. SECURED DEBTS

The following secured debts are included within creditors:

29.12.23 29.12.22
£    £   
Bank loans 567,905 651,654