Liquid Property Solutions Limited 08373953 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is 68209, 68310, 68320, 81100 Digita Accounts Production Advanced 6.30.9574.0 true true 08373953 2023-02-01 2024-01-31 08373953 2024-01-31 08373953 core:RetainedEarningsAccumulatedLosses 2024-01-31 08373953 core:ShareCapital 2024-01-31 08373953 core:SharePremium 2024-01-31 08373953 core:CurrentFinancialInstruments 2024-01-31 08373953 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 08373953 core:Non-currentFinancialInstruments 2024-01-31 08373953 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 08373953 core:OtherResidualIntangibleAssets 2024-01-31 08373953 core:FurnitureFittingsToolsEquipment 2024-01-31 08373953 bus:SmallEntities 2023-02-01 2024-01-31 08373953 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08373953 bus:FullAccounts 2023-02-01 2024-01-31 08373953 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08373953 bus:RegisteredOffice 2023-02-01 2024-01-31 08373953 bus:Director1 2023-02-01 2024-01-31 08373953 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08373953 core:Goodwill 2023-02-01 2024-01-31 08373953 core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 08373953 core:OfficeEquipment 2023-02-01 2024-01-31 08373953 countries:EnglandWales 2023-02-01 2024-01-31 08373953 2023-01-31 08373953 core:OtherResidualIntangibleAssets 2023-01-31 08373953 core:FurnitureFittingsToolsEquipment 2023-01-31 08373953 2022-02-01 2023-01-31 08373953 2023-01-31 08373953 core:RetainedEarningsAccumulatedLosses 2023-01-31 08373953 core:ShareCapital 2023-01-31 08373953 core:SharePremium 2023-01-31 08373953 core:CurrentFinancialInstruments 2023-01-31 08373953 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08373953 core:Non-currentFinancialInstruments 2023-01-31 08373953 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 08373953 core:OtherResidualIntangibleAssets 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 08373953

Liquid Property Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Liquid Property Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Liquid Property Solutions Limited

Company Information

Director

Mr Stephen Thomas Pippard

Registered office

14 Ivor Grove
London
SE9 2AJ

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Liquid Property Solutions Limited

(Registration number: 08373953)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

24,623

28,141

Current assets

 

Debtors

7

971,053

1,014,304

Cash at bank and in hand

 

3,145

860

 

974,198

1,015,164

Creditors: Amounts falling due within one year

8

(4,984)

(4,544)

Net current assets

 

969,214

1,010,620

Total assets less current liabilities

 

993,837

1,038,761

Creditors: Amounts falling due after more than one year

8

(2,134,961)

(1,960,623)

Net liabilities

 

(1,141,124)

(921,862)

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

99,000

99,000

Retained earnings

(1,241,124)

(1,021,862)

Shareholders' deficit

 

(1,141,124)

(921,862)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 October 2024
 

.........................................
Mr Stephen Thomas Pippard
Director

 

Liquid Property Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Ivor Grove
London
SE9 2AJ

These financial statements were authorised for issue by the director on 29 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Liquid Property Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Loss before tax

Arrived at after charging/(crediting)

 

Liquid Property Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Profit before tax (continued)

2024
£

2023
£

Amortisation expense

3,518

3,517

 

Liquid Property Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2023

35,176

35,176

At 31 January 2024

35,176

35,176

Amortisation

At 1 February 2023

7,035

7,035

Amortisation charge

3,518

3,518

At 31 January 2024

10,553

10,553

Carrying amount

At 31 January 2024

24,623

24,623

At 31 January 2023

28,141

28,141

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

5,032

5,032

At 31 January 2024

5,032

5,032

Depreciation

At 1 February 2023

5,032

5,032

At 31 January 2024

5,032

5,032

Carrying amount

At 31 January 2024

-

-

7

Debtors

 

Liquid Property Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Debtors (continued)

Current

Note

2024
£

2023
£

Amounts owed by related parties

970,477

1,013,727

Prepayments

 

297

298

Other debtors

 

279

279

   

971,053

1,014,304

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

185

Accruals and deferred income

4,048

3,735

Other creditors

936

624

4,984

4,544

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,134,961

1,960,623

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

2,134,961

1,960,623