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REGISTERED NUMBER: 11351477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

LIBERTY PROPERTY LIMITED

LIBERTY PROPERTY LIMITED (REGISTERED NUMBER: 11351477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIBERTY PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: B Chrzanowski





REGISTERED OFFICE: 82 Rushden Road
Wymington
Rushden
Northamptonshire
NN10 9LH





REGISTERED NUMBER: 11351477 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

LIBERTY PROPERTY LIMITED (REGISTERED NUMBER: 11351477)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,683,469 1,171,784

CURRENT ASSETS
Debtors 5 15,729 701
Cash at bank and in hand 10,269 29,131
25,998 29,832
CREDITORS
Amounts falling due within one year 6 657,569 494,279
NET CURRENT LIABILITIES (631,571 ) (464,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051,898

707,337

CREDITORS
Amounts falling due after more than one
year

7

1,022,338

676,205
NET ASSETS 29,560 31,132

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 29,510 31,082
29,560 31,132

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

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

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 31st January 2025 and were signed by:





B Chrzanowski - Director


LIBERTY PROPERTY LIMITED (REGISTERED NUMBER: 11351477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Liberty Property 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 1,171,784
Additions 511,685
At 30th April 2024 1,683,469
NET BOOK VALUE
At 30th April 2024 1,683,469
At 30th April 2023 1,171,784

LIBERTY PROPERTY LIMITED (REGISTERED NUMBER: 11351477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 15,428 -
Other debtors 301 701
15,729 701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 2,571 3,954
Other creditors 654,998 490,325
657,569 494,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,022,338 676,205

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,022,338 676,205

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,022,338 676,205

Borrowings are secured by fixed charges over the company's assets.

9. RELATED PARTY DISCLOSURES

Mr B Chrzanowski is interested as a director and shareholder in Vert-Ego Limited.

The company charged rent of £12,857 (2023: £nil) to Vert-Ego Limited and at the balance sheet date, an amount of £15,428 is owed to the company and is included in Trade Debtors (2023: £nil). Repairs in the amount of £6,719 (2023: £nil) was invoiced to the company by Vert-Ego Limited.

Loan transactions occurred and at the year end an amount of £506,576 (2023: £379,931) was due by the company and is included in Other Creditors.