2023-01-012023-12-312023-12-31false13059381LIF PROPERTIES LIMITED2024-09-2368209iso4217:GBPxbrli:pure130593812023-01-01130593812023-12-31130593812023-01-012023-12-31130593812022-01-01130593812022-12-31130593812022-01-012022-12-3113059381bus:SmallEntities2023-01-012023-12-3113059381bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113059381bus:FullAccounts2023-01-012023-12-3113059381bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113059381core:WithinOneYear2023-12-3113059381core:AfterOneYear2023-12-3113059381core:WithinOneYear2022-12-3113059381core:AfterOneYear2022-12-3113059381core:ShareCapital2023-12-3113059381core:SharePremium2023-12-3113059381core:RevaluationReserve2023-12-3113059381core:OtherReservesSubtotal2023-12-3113059381core:RetainedEarningsAccumulatedLosses2023-12-3113059381core:ShareCapital2022-12-3113059381core:SharePremium2022-12-3113059381core:RevaluationReserve2022-12-3113059381core:OtherReservesSubtotal2022-12-3113059381core:RetainedEarningsAccumulatedLosses2022-12-3113059381core:LandBuildings2023-12-3113059381core:PlantMachinery2023-12-3113059381core:Vehicles2023-12-3113059381core:FurnitureFittings2023-12-3113059381core:OfficeEquipment2023-12-3113059381core:NetGoodwill2023-12-3113059381core:IntangibleAssetsOtherThanGoodwill2023-12-3113059381core:ListedExchangeTraded2023-12-3113059381core:UnlistedNon-exchangeTraded2023-12-3113059381core:LandBuildings2022-12-3113059381core:PlantMachinery2022-12-3113059381core:Vehicles2022-12-3113059381core:FurnitureFittings2022-12-3113059381core:OfficeEquipment2022-12-3113059381core:NetGoodwill2022-12-3113059381core:IntangibleAssetsOtherThanGoodwill2022-12-3113059381core:ListedExchangeTraded2022-12-3113059381core:UnlistedNon-exchangeTraded2022-12-3113059381core:LandBuildings2023-01-012023-12-3113059381core:PlantMachinery2023-01-012023-12-3113059381core:Vehicles2023-01-012023-12-3113059381core:FurnitureFittings2023-01-012023-12-3113059381core:OfficeEquipment2023-01-012023-12-3113059381core:NetGoodwill2023-01-012023-12-3113059381core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113059381core:ListedExchangeTraded2023-01-012023-12-3113059381core:UnlistedNon-exchangeTraded2023-01-012023-12-3113059381core:MoreThanFiveYears2023-01-012023-12-3113059381core:Non-currentFinancialInstruments2023-12-3113059381core:Non-currentFinancialInstruments2022-12-3113059381dpl:CostSales2023-01-012023-12-3113059381dpl:DistributionCosts2023-01-012023-12-3113059381core:LandBuildings2023-01-012023-12-3113059381core:PlantMachinery2023-01-012023-12-3113059381core:Vehicles2023-01-012023-12-3113059381core:FurnitureFittings2023-01-012023-12-3113059381core:OfficeEquipment2023-01-012023-12-3113059381dpl:AdministrativeExpenses2023-01-012023-12-3113059381core:NetGoodwill2023-01-012023-12-3113059381core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113059381dpl:GroupUndertakings2023-01-012023-12-3113059381dpl:ParticipatingInterests2023-01-012023-12-3113059381dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113059381core:ListedExchangeTraded2023-01-012023-12-3113059381dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113059381core:UnlistedNon-exchangeTraded2023-01-012023-12-3113059381dpl:CostSales2022-01-012022-12-3113059381dpl:DistributionCosts2022-01-012022-12-3113059381core:LandBuildings2022-01-012022-12-3113059381core:PlantMachinery2022-01-012022-12-3113059381core:Vehicles2022-01-012022-12-3113059381core:FurnitureFittings2022-01-012022-12-3113059381core:OfficeEquipment2022-01-012022-12-3113059381dpl:AdministrativeExpenses2022-01-012022-12-3113059381core:NetGoodwill2022-01-012022-12-3113059381core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113059381dpl:GroupUndertakings2022-01-012022-12-3113059381dpl:ParticipatingInterests2022-01-012022-12-3113059381dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113059381core:ListedExchangeTraded2022-01-012022-12-3113059381dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113059381core:UnlistedNon-exchangeTraded2022-01-012022-12-3113059381core:NetGoodwill2023-12-3113059381core:IntangibleAssetsOtherThanGoodwill2023-12-3113059381core:LandBuildings2023-12-3113059381core:PlantMachinery2023-12-3113059381core:Vehicles2023-12-3113059381core:FurnitureFittings2023-12-3113059381core:OfficeEquipment2023-12-3113059381core:AfterOneYear2023-12-3113059381core:WithinOneYear2023-12-3113059381core:ListedExchangeTraded2023-12-3113059381core:UnlistedNon-exchangeTraded2023-12-3113059381core:ShareCapital2023-12-3113059381core:SharePremium2023-12-3113059381core:RevaluationReserve2023-12-3113059381core:OtherReservesSubtotal2023-12-3113059381core:RetainedEarningsAccumulatedLosses2023-12-3113059381core:NetGoodwill2022-12-3113059381core:IntangibleAssetsOtherThanGoodwill2022-12-3113059381core:LandBuildings2022-12-3113059381core:PlantMachinery2022-12-3113059381core:Vehicles2022-12-3113059381core:FurnitureFittings2022-12-3113059381core:OfficeEquipment2022-12-3113059381core:AfterOneYear2022-12-3113059381core:WithinOneYear2022-12-3113059381core:ListedExchangeTraded2022-12-3113059381core:UnlistedNon-exchangeTraded2022-12-3113059381core:ShareCapital2022-12-3113059381core:SharePremium2022-12-3113059381core:RevaluationReserve2022-12-3113059381core:OtherReservesSubtotal2022-12-3113059381core:RetainedEarningsAccumulatedLosses2022-12-3113059381core:NetGoodwill2022-01-0113059381core:IntangibleAssetsOtherThanGoodwill2022-01-0113059381core:LandBuildings2022-01-0113059381core:PlantMachinery2022-01-0113059381core:Vehicles2022-01-0113059381core:FurnitureFittings2022-01-0113059381core:OfficeEquipment2022-01-0113059381core:AfterOneYear2022-01-0113059381core:WithinOneYear2022-01-0113059381core:ListedExchangeTraded2022-01-0113059381core:UnlistedNon-exchangeTraded2022-01-0113059381core:ShareCapital2022-01-0113059381core:SharePremium2022-01-0113059381core:RevaluationReserve2022-01-0113059381core:OtherReservesSubtotal2022-01-0113059381core:RetainedEarningsAccumulatedLosses2022-01-0113059381core:AfterOneYear2023-01-012023-12-3113059381core:WithinOneYear2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113059381core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113059381core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113059381core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113059381core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113059381core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113059381bus:Director12023-01-012023-12-3113059381core:FurnitureFittingsToolsEquipment2022-12-3113059381core:FurnitureFittingsToolsEquipment2023-12-3113059381core:FurnitureFittingsToolsEquipment2023-01-012023-12-31

LIF PROPERTIES LIMITED

Registered Number
13059381
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

LIF PROPERTIES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

FANG, Li

Registered Address

37 Hartswood Road
London
W12 9NE

Registered Number

13059381 (England and Wales)
LIF PROPERTIES LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,3431,813
Investment property41,123,5161,123,516
1,124,8591,125,329
Current assets
Debtors2,9841,350
Cash at bank and on hand30020,049
3,28421,399
Creditors amounts falling due within one year5(1,068,868)(1,118,543)
Net current assets (liabilities)(1,065,584)(1,097,144)
Total assets less current liabilities59,27528,185
Net assets59,27528,185
Capital and reserves
Profit and loss account59,27528,185
Shareholders' funds59,27528,185
The financial statements were approved and authorised for issue by the Director on 23 September 2024, and are signed on its behalf by:
FANG, Li
Director
Registered Company No. 13059381
LIF PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 January 232,3492,349
At 31 December 232,3492,349
Depreciation and impairment
At 01 January 23536536
Charge for year470470
At 31 December 231,0061,006
Net book value
At 31 December 231,3431,343
At 31 December 221,8131,813
4.Investment property

£
Fair value at 01 January 231,123,516
At 31 December 231,123,516
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables12,0464,820
Bank borrowings and overdrafts1,046,1411,102,798
Taxation and social security7,4815,425
Accrued liabilities and deferred income3,2005,500
Total1,068,8681,118,543