Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 6331958 Mr David Bromley Mrs Elizabeth Davies Libra Investment Property Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6331958 2023-03-31 6331958 2024-03-31 6331958 2023-04-01 2024-03-31 6331958 frs-core:CurrentFinancialInstruments 2024-03-31 6331958 frs-core:ComputerEquipment 2024-03-31 6331958 frs-core:ComputerEquipment 2023-04-01 2024-03-31 6331958 frs-core:ComputerEquipment 2023-03-31 6331958 frs-core:MotorVehicles 2024-03-31 6331958 frs-core:MotorVehicles 2023-04-01 2024-03-31 6331958 frs-core:MotorVehicles 2023-03-31 6331958 frs-core:ShareCapital 2024-03-31 6331958 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6331958 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6331958 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 6331958 frs-bus:SmallEntities 2023-04-01 2024-03-31 6331958 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 6331958 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6331958 1 2023-04-01 2024-03-31 6331958 frs-bus:Director1 2023-04-01 2024-03-31 6331958 frs-bus:Director2 2023-04-01 2024-03-31 6331958 frs-countries:EnglandWales 2023-04-01 2024-03-31 6331958 2022-03-31 6331958 2023-03-31 6331958 2022-04-01 2023-03-31 6331958 frs-core:CurrentFinancialInstruments 2023-03-31 6331958 frs-core:ShareCapital 2023-03-31 6331958 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 6331958
Libra Investment Property Services Limited
Financial Statements
For The Year Ended 31 March 2024
Paul Costello Acccountancy Ltd.
Penycastell Farm Bryn
Port Talbot
Neath Port Talbot
SA13 2PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 6331958
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 5 460,647 450,847
Cash at bank and in hand 1,027 1,828
461,674 452,675
Creditors: Amounts Falling Due Within One Year 6 (448,299 ) (438,941 )
NET CURRENT ASSETS (LIABILITIES) 13,375 13,734
TOTAL ASSETS LESS CURRENT LIABILITIES 13,376 13,735
NET ASSETS 13,376 13,735
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 13,374 13,733
SHAREHOLDERS' FUNDS 13,376 13,735
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr David Bromley
Director
27/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Libra Investment Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6331958 . The registered office is Penycastell Farm, Bryn, Port Talbot, West Glamorgan, SA13 2PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% straight line
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,320 1,929 7,249
As at 31 March 2024 5,320 1,929 7,249
Depreciation
As at 1 April 2023 5,320 1,928 7,248
As at 31 March 2024 5,320 1,928 7,248
Net Book Value
As at 31 March 2024 - 1 1
As at 1 April 2023 - 1 1
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 460,647 450,847
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors (64 ) (64 )
Amounts owed to group undertakings 448,363 439,005
448,299 438,941
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Libra Investment Property Group Ltd . Libra Investment Property Group Ltd was incorporated in England & Wales. The ultimate controlling party is Libra Investment Property Group Ltd who controls 100% of the shares of Libra Investment Property Services Limited .
Page 4