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REGISTERED NUMBER: 09848198 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 30 October 2023

for

LI3 Limited

LI3 Limited (Registered number: 09848198)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LI3 Limited

Company Information
for the Period 1 November 2022 to 30 October 2023







DIRECTORS: Ms S Abbas
S Mahmood





REGISTERED OFFICE: 221 Dewsbury Road
Leeds
West Yorkshire
LS11 5HZ





REGISTERED NUMBER: 09848198 (England and Wales)





ACCOUNTANTS: Enigma Accountants Ltd
Office B5, Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ

LI3 Limited (Registered number: 09848198)

Balance Sheet
30 October 2023

30.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,088 2,457
Investment property 5 1,806,814 750,814
1,808,902 753,271

CURRENT ASSETS
Stocks 131,107 131,107
Debtors 6 9,750 9,750
Investments 7 75,004 72,700
Cash at bank 456,719 280,197
672,580 493,754
CREDITORS
Amounts falling due within one year 8 1,295,613 1,139,153
NET CURRENT LIABILITIES (623,033 ) (645,399 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,185,869 107,872

CREDITORS
Amounts falling due after more than one
year

9

(25,652

)

(35,000

)

PROVISIONS FOR LIABILITIES (200,640 ) -
NET ASSETS 959,577 72,872

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 959,575 72,870
959,577 72,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 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.

LI3 Limited (Registered number: 09848198)

Balance Sheet - continued
30 October 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 25 October 2024 and were signed on its behalf by:





S Mahmood - Director


LI3 Limited (Registered number: 09848198)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 October 2023

1. STATUTORY INFORMATION

LI3 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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 period was NIL (2022 - NIL).

LI3 Limited (Registered number: 09848198)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 30 October 2023 3,400
DEPRECIATION
At 1 November 2022 943
Charge for period 369
At 30 October 2023 1,312
NET BOOK VALUE
At 30 October 2023 2,088
At 31 October 2022 2,457

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 750,814
Revaluations 1,056,000
At 30 October 2023 1,806,814
NET BOOK VALUE
At 30 October 2023 1,806,814
At 31 October 2022 750,814

Fair value at 30 October 2023 is represented by:
£   
Valuation in 2023 1,056,000
Cost 750,814
1,806,814

If investment properties had not been revalued they would have been included at the following historical cost:

30.10.23 31.10.22
£    £   
Cost 750,814 -
Aggregate depreciation (31,610 ) -

Investment properties were valued on open market valuation basis on 30 October 2023 by the directors .

LI3 Limited (Registered number: 09848198)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 31.10.22
£    £   
Trade debtors 9,750 9,750

7. CURRENT ASSET INVESTMENTS
30.10.23 31.10.22
£    £   
Other current assets 75,004 72,700

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 403 3,905
Taxation and social security 14,596 15,452
Other creditors 1,270,614 1,109,796
1,295,613 1,139,153

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.10.23 31.10.22
£    £   
Bank loans 25,652 35,000

10. RELATED PARTY DISCLOSURES

At the year end the amount owed to the directors by the company was £365,063 (2021 £236,293). The loan is interest free and repayable on demand.