IRIS Accounts Production v24.3.2.46 11527649 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115276492023-08-31115276492024-08-31115276492023-09-012024-08-31115276492022-08-31115276492022-09-012023-08-31115276492023-08-3111527649ns15:EnglandWales2023-09-012024-08-3111527649ns14:PoundSterling2023-09-012024-08-3111527649ns10:Director12023-09-012024-08-3111527649ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111527649ns10:SmallEntities2023-09-012024-08-3111527649ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111527649ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111527649ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111527649ns10:FullAccounts2023-09-012024-08-3111527649ns10:OrdinaryShareClass12023-09-012024-08-3111527649ns10:Director22023-09-012024-08-3111527649ns10:RegisteredOffice2023-09-012024-08-3111527649ns5:CurrentFinancialInstruments2024-08-3111527649ns5:CurrentFinancialInstruments2023-08-3111527649ns5:Non-currentFinancialInstruments2024-08-3111527649ns5:Non-currentFinancialInstruments2023-08-3111527649ns5:ShareCapital2024-08-3111527649ns5:ShareCapital2023-08-3111527649ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3111527649ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3111527649ns5:RetainedEarningsAccumulatedLosses2024-08-3111527649ns5:RetainedEarningsAccumulatedLosses2023-08-3111527649ns5:FurnitureFittings2023-09-012024-08-3111527649ns5:ComputerEquipment2023-09-012024-08-3111527649ns5:FurnitureFittings2024-08-3111527649ns5:ComputerEquipment2024-08-3111527649ns5:Secured2024-08-3111527649ns5:Secured2023-08-3111527649ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 11527649 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

LIBREO PROPERTIES LIMITED

LIBREO PROPERTIES LIMITED (REGISTERED NUMBER: 11527649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIBREO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr S Bowling
Mrs R S Bowling





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 9 Hardy Road
Eastleigh
Hampshire
SO50 5ES





REGISTERED NUMBER: 11527649 (England and Wales)






LIBREO PROPERTIES LIMITED (REGISTERED NUMBER: 11527649)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,291 -
Investment property 6 320,000 291,714
321,291 291,714

CURRENT ASSETS
Cash at bank 37,844 12,989

CREDITORS
Amounts falling due within one year 7 111,872 87,278
NET CURRENT LIABILITIES (74,028 ) (74,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,263

217,425

CREDITORS
Amounts falling due after more than one year 8 (220,788 ) (220,788 )

PROVISIONS FOR LIABILITIES (5,374 ) -
NET ASSETS/(LIABILITIES) 21,101 (3,363 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 22,912 -
Retained earnings (1,813 ) (3,365 )
SHAREHOLDERS' FUNDS 21,101 (3,363 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 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.

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 10th December 2024 and were signed on its behalf by:




Mrs R S Bowling - Director


LIBREO PROPERTIES LIMITED (REGISTERED NUMBER: 11527649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Libreo Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors consider that the company will continue to be in a position to meet its liabilities as they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
The turnover shown in the profit and loss account represents the fair value of rental income received or
receivable during the year, adjusted for income received in advance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

LIBREO PROPERTIES LIMITED (REGISTERED NUMBER: 11527649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 487 1,080 1,567
At 31st August 2024 487 1,080 1,567
DEPRECIATION
Charge for year 65 211 276
At 31st August 2024 65 211 276
NET BOOK VALUE
At 31st August 2024 422 869 1,291

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023 291,714
Revaluations 28,286
At 31st August 2024 320,000
NET BOOK VALUE
At 31st August 2024 320,000
At 31st August 2023 291,714

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2024 28,286
Cost 291,714
320,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 111,872 87,278

LIBREO PROPERTIES LIMITED (REGISTERED NUMBER: 11527649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 220,788 220,788

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 220,788 220,788

The bank mortgage is secured by a registered charge dated 19th March 2021.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2