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REGISTERED NUMBER: 14052163 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Liverpool Assets Limited

Liverpool Assets Limited (Registered number: 14052163)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Liverpool Assets Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Farage





REGISTERED OFFICE: C/o Point Properties
182b-184a Smithdown Road
Liverpool
Merseyside
L15 3JR





REGISTERED NUMBER: 14052163 (England and Wales)





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

Liverpool Assets Limited (Registered number: 14052163)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,113,258 2,113,258

CURRENT ASSETS
Debtors 5 310,342 266,053
Cash at bank and in hand 36,090 49,765
346,432 315,818
CREDITORS
Amounts falling due within one year 6 1,367,757 1,351,620
NET CURRENT LIABILITIES (1,021,325 ) (1,035,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,933

1,077,456

CREDITORS
Amounts falling due after more than one
year

7

1,080,750

1,080,750
NET ASSETS/(LIABILITIES) 11,183 (3,294 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,182 (3,295 )
11,183 (3,294 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Liverpool Assets Limited (Registered number: 14052163)

Balance Sheet - continued
30 April 2024


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 24 January 2025 and were signed by:





S Farage - Director


Liverpool Assets Limited (Registered number: 14052163)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Liverpool Assets 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 applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Despite the net current liability position of the company it is still considered a going concern due to ongoing continued support from the director.

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 is derived from ordinary activities and is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economics will flow to the entity.

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.

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

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.

Liverpool Assets Limited (Registered number: 14052163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,113,258
NET BOOK VALUE
At 30 April 2024 2,113,258
At 30 April 2023 2,113,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 13,188 -
Amounts owed by associates 115,913 79,906
Other debtors 181,241 186,147
310,342 266,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,396 6,556
Trade creditors 1,007 7,943
Taxation and social security 14,237 6,878
Other creditors 1,346,117 1,330,243
1,367,757 1,351,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,080,750 1,080,750

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,087,146 1,087,306

9. RELATED PARTY DISCLOSURES

Included in debtors is £115,913 (2023: £79,906) due from companies which share a director with Liverpool Assets Limited. The loans are interest free and repayable on demand.