Liquid (UK) Limited 06509075 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is that of the management of investment properties. Digita Accounts Production Advanced 6.30.9574.0 true 06509075 2023-03-01 2024-02-28 06509075 2024-02-28 06509075 bus:Director2 1 2024-02-28 06509075 core:CurrentFinancialInstruments 2024-02-28 06509075 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 06509075 bus:SmallEntities 2023-03-01 2024-02-28 06509075 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 06509075 bus:FilletedAccounts 2023-03-01 2024-02-28 06509075 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 06509075 bus:RegisteredOffice 2023-03-01 2024-02-28 06509075 bus:CompanySecretaryDirector2 2023-03-01 2024-02-28 06509075 bus:Director2 2023-03-01 2024-02-28 06509075 bus:Director2 1 2023-03-01 2024-02-28 06509075 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 06509075 countries:EnglandWales 2023-03-01 2024-02-28 06509075 2023-02-28 06509075 bus:Director2 1 2023-02-28 06509075 2022-03-01 2023-02-28 06509075 2023-02-28 06509075 bus:Director2 1 2023-02-28 06509075 core:CurrentFinancialInstruments 2023-02-28 06509075 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06509075 bus:Director2 1 2022-03-01 2023-02-28 06509075 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 06509075

Liquid (UK) Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 28 February 2024

 

Liquid (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Liquid (UK) Limited

Company Information

Directors

Mrs J Pearson

Mr M Pearson

Company secretary

Mrs J Pearson

Registered office

Centre House
GEMBLING
DRIFFIELD
East Yorkshire
YO25 8HS

 

Liquid (UK) Limited

(Registration number: 06509075)
Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

300,000

295,000

 

300,000

295,000

Current assets

 

Debtors

5

118,751

101,264

Cash at bank and in hand

 

47,964

60,090

 

166,715

161,354

Creditors: Amounts falling due within one year

6

(2,710)

(3,061)

Net current assets

 

164,005

158,293

Total assets less current liabilities

 

464,005

453,293

Provisions for liabilities

(3,755)

(2,640)

Net assets

 

460,250

450,653

Capital and reserves

 

Called up share capital

100

100

Other reserves

60,722

55,722

Retained earnings

399,428

394,831

Shareholders' funds

 

460,250

450,653

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 November 2024 and signed on its behalf by:
 

.........................................
Mr M Pearson
Director

 

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 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:
Centre House
GEMBLING
DRIFFIELD
East Yorkshire
YO25 8HS

These financial statements were authorised for issue by the Board on 2 November 2024.

2

Accounting policies

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 March

295,000

Fair value adjustments

5,000

At 28 February

300,000

5

Debtors

2024
£

2023
£

Prepayments

505

380

Other debtors

118,246

100,884

118,751

101,264

 

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,135

1,696

Accruals and deferred income

1,575

1,365

2,710

3,061

7

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 28 February 2024
£

Mr M Pearson

Directors Loan Account

100,883

17,441

(79)

118,245

2023

At 1 March 2022
£

Advances to director
£

At 28 February 2023
£

Mr M Pearson

Directors Loan Account

-

100,883

100,883