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Registered number: 13781125
Livewire Legacy Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
VB Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 13781125
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 833,000 833,000
833,000 833,000
CURRENT ASSETS
Cash at bank and in hand 2,296 29,898
2,296 29,898
Creditors: Amounts Falling Due Within One Year 5 - (159,500 )
NET CURRENT ASSETS (LIABILITIES) 2,296 (129,602 )
TOTAL ASSETS LESS CURRENT LIABILITIES 835,296 703,398
NET ASSETS 835,296 703,398
CAPITAL AND RESERVES
Called up share capital 6 500 500
Profit and Loss Account 834,796 702,898
SHAREHOLDERS' FUNDS 835,296 703,398
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms K Palmer
Director
30 October 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Livewire Legacy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13781125 . The registered office is 10 Woodlands Park Drive, Dunmow, Essex, CM6 1WS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 June 2023 833,000
As at 31 May 2024 833,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 833,000
As at 1 June 2023 833,000
The company's investments comprises 100% of the share capital of Livewire Holdings Ltd (a company incorporated in England & Wales, registration number 11236330), being its subsidiary.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account - 159,500
The director's loan was received during 2022, and was fully repaid in the year. It was interest free and repayable on demand.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 3