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REGISTERED NUMBER: 08121880 (England and Wales)















Financial Statements for the Year Ended 29 November 2023

for

Lawless Properties Liverpool Limited

Lawless Properties Liverpool Limited (Registered number: 08121880)






Contents of the Financial Statements
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lawless Properties Liverpool Limited

Company Information
for the Year Ended 29 November 2023







DIRECTOR: E Lawless





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08121880 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Lawless Properties Liverpool Limited (Registered number: 08121880)

Balance Sheet
29 November 2023

29.11.23 29.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,000,000 1,000,000

CURRENT ASSETS
Debtors 5 126,029 84,229
Cash at bank 20,585 20,689
146,614 104,918
CREDITORS
Amounts falling due within one year 6 113,283 121,748
NET CURRENT ASSETS/(LIABILITIES) 33,331 (16,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,033,331

983,170

CREDITORS
Amounts falling due after more than
one year

7

(446,654

)

(426,118

)

PROVISIONS FOR LIABILITIES (128,175 ) (128,175 )
NET ASSETS 458,502 428,877

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 384,525 384,525
Retained earnings 73,976 44,351
SHAREHOLDERS' FUNDS 458,502 428,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lawless Properties Liverpool Limited (Registered number: 08121880)

Balance Sheet - continued
29 November 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 director and authorised for issue on 29 November 2024 and were signed by:





E Lawless - Director


Lawless Properties Liverpool Limited (Registered number: 08121880)

Notes to the Financial Statements
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Lawless Properties Liverpool 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover, derived from ordinary activities, represents rent that is recognised on an accruals basis.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year 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.


Lawless Properties Liverpool Limited (Registered number: 08121880)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Financial instruments
Short term debtors and creditors are measured at transaction price, less any impairment where applicable.

Bank loans are initially measured at the transaction price, net of transaction costs, and subsequently measured at ammortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2022
and 29 November 2023 1,000,000
NET BOOK VALUE
At 29 November 2023 1,000,000
At 29 November 2022 1,000,000

Investment properties are valued annually by the director who does not believe the value has changed since last year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Other debtors 126,029 84,229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans and overdrafts 103 14,117
Trade creditors 1 1
Taxation and social security 15,598 8,649
Other creditors 97,581 98,981
113,283 121,748

Lawless Properties Liverpool Limited (Registered number: 08121880)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans 446,654 426,118

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 446,241 348,027

8. SECURED DEBTS

The following secured debts are included within creditors:

29.11.23 29.11.22
£    £   
Bank loans 446,757 440,235

Bank loans are secured against investment property.

9. RESERVES
Fair
value
reserve
£   
At 30 November 2022
and 29 November 2023 384,525

Retained earning not available for distribution are £410,160.

10. RELATED PARTY DISCLOSURES

Included in other creditors at the balance sheet date is £3,026 (2022 £3,026 creditor) due to Elliot Properties UK Limited, a company under common control.