Company registration number 05345003 (England and Wales)
LISKEARD LONDON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LISKEARD LONDON LIMITED
COMPANY INFORMATION
Director
Mr R Ambler
Company number
05345003
Registered office
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
LISKEARD LONDON LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
LISKEARD LONDON LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LISKEARD LONDON LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Liskeard London Limited for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Liskeard London Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Liskeard London Limited and state those matters that we have agreed to state to the Board of Directors of Liskeard London Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liskeard London Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Liskeard London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Liskeard London Limited. You consider that Liskeard London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Liskeard London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Rice LLP
17 October 2024
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
LISKEARD LONDON LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,390
6,525
Investment properties
4
4,220,000
4,220,000
4,226,390
4,226,525
Current assets
Debtors
5
3,170
3,236
Cash at bank and in hand
42,216
58,659
45,386
61,895
Creditors: amounts falling due within one year
6
(107,743)
(153,649)
Net current liabilities
(62,357)
(91,754)
Total assets less current liabilities
4,164,033
4,134,771
Creditors: amounts falling due after more than one year
7
(1,736,747)
(1,736,733)
Provisions for liabilities
(436,079)
(331,420)
Net assets
1,991,207
2,066,618
Capital and reserves
Called up share capital
100
100
Fair value reserve
8
1,412,897
1,412,897
Profit and loss reserves
578,210
653,621
Total equity
1,991,207
2,066,618

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LISKEARD LONDON LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 17 October 2024
Mr R Ambler
Director
Company Registration No. 05345003
LISKEARD LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Liskeard London Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, High Street, Ascot, Berkshire, SL5 7HP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the total rents receivable by the company and is recognised in accordance with time periods to which the rental amounts relates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Computers
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LISKEARD LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are included at their nominal value.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
LISKEARD LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
51,875
1,648
53,523
Additions
2,228
-
0
2,228
Disposals
(1,271)
-
0
(1,271)
At 31 March 2024
52,832
1,648
54,480
Depreciation and impairment
At 1 April 2023
45,553
1,445
46,998
Depreciation charged in the year
2,160
203
2,363
Eliminated in respect of disposals
(1,271)
-
0
(1,271)
At 31 March 2024
46,442
1,648
48,090
Carrying amount
At 31 March 2024
6,390
-
0
6,390
At 31 March 2023
6,322
203
6,525
4
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
4,220,000

Investment property comprises the portfolio of rental properties. The fair value of the investment property, in the opinion of the director based on actual Land Registry sales and market research, has remained the same from 2023 to 2024.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,170
3,236
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
234
-
0
Taxation and social security
6,893
9,454
Other creditors
100,616
144,195
107,743
153,649
LISKEARD LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,736,747
1,736,733

The bank loans are mortgages which are secured against the properties to which they relate.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
1,736,747
1,736,733
8
Fair value reserve
2024
2023
£
£
At the beginning of the year
1,412,897
1,412,897
At the end of the year
1,412,897
1,412,897

At the year end, the fair value reserve was £1,412,897. This reserve is not available for distribution to shareholders.

2024-03-312023-04-01false17 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr R Amblerfalsefalse053450032023-04-012024-03-3105345003bus:Director12023-04-012024-03-3105345003bus:RegisteredOffice2023-04-012024-03-31053450032024-03-31053450032023-03-3105345003core:FurnitureFittings2024-03-3105345003core:ComputerEquipment2024-03-3105345003core:FurnitureFittings2023-03-3105345003core:ComputerEquipment2023-03-3105345003core:CurrentFinancialInstruments2024-03-3105345003core:CurrentFinancialInstruments2023-03-3105345003core:Non-currentFinancialInstruments2024-03-3105345003core:Non-currentFinancialInstruments2023-03-3105345003core:ShareCapital2024-03-3105345003core:ShareCapital2023-03-3105345003core:RevaluationReserve2024-03-3105345003core:RevaluationReserve2023-03-3105345003core:RetainedEarningsAccumulatedLosses2024-03-3105345003core:RetainedEarningsAccumulatedLosses2023-03-3105345003core:RevaluationReserve2023-03-3105345003core:RevaluationReserve2022-03-3105345003core:FurnitureFittings2023-04-012024-03-3105345003core:ComputerEquipment2023-04-012024-03-31053450032022-04-012023-03-3105345003core:FurnitureFittings2023-03-3105345003core:ComputerEquipment2023-03-31053450032023-03-3105345003core:WithinOneYear2024-03-3105345003core:WithinOneYear2023-03-3105345003bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105345003bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105345003bus:FRS1022023-04-012024-03-3105345003bus:AuditExemptWithAccountantsReport2023-04-012024-03-3105345003bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP