2024-01-012024-12-312024-12-31false09963647LIQUORICE ASSETS LIMITED2025-02-10falseiso4217:GBPxbrli:pure099636472024-01-01099636472024-12-31099636472024-01-012024-12-31099636472023-01-01099636472023-12-31099636472023-01-012023-12-3109963647bus:SmallEntities2024-01-012024-12-3109963647bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3109963647bus:FullAccounts2024-01-012024-12-3109963647bus:PrivateLimitedCompanyLtd2024-01-012024-12-3109963647core:WithinOneYear2024-12-3109963647core:AfterOneYear2024-12-3109963647core:WithinOneYear2023-12-3109963647core:AfterOneYear2023-12-3109963647core:ShareCapital2024-12-3109963647core:SharePremium2024-12-3109963647core:RevaluationReserve2024-12-3109963647core:OtherReservesSubtotal2024-12-3109963647core:RetainedEarningsAccumulatedLosses2024-12-3109963647core:ShareCapital2023-12-3109963647core:SharePremium2023-12-3109963647core:RevaluationReserve2023-12-3109963647core:OtherReservesSubtotal2023-12-3109963647core:RetainedEarningsAccumulatedLosses2023-12-3109963647core:LandBuildings2024-12-3109963647core:PlantMachinery2024-12-3109963647core:Vehicles2024-12-3109963647core:FurnitureFittings2024-12-3109963647core:OfficeEquipment2024-12-3109963647core:NetGoodwill2024-12-3109963647core:IntangibleAssetsOtherThanGoodwill2024-12-3109963647core:ListedExchangeTraded2024-12-3109963647core:UnlistedNon-exchangeTraded2024-12-3109963647core:LandBuildings2023-12-3109963647core:PlantMachinery2023-12-3109963647core:Vehicles2023-12-3109963647core:FurnitureFittings2023-12-3109963647core:OfficeEquipment2023-12-3109963647core:NetGoodwill2023-12-3109963647core:IntangibleAssetsOtherThanGoodwill2023-12-3109963647core:ListedExchangeTraded2023-12-3109963647core:UnlistedNon-exchangeTraded2023-12-3109963647core:LandBuildings2024-01-012024-12-3109963647core:PlantMachinery2024-01-012024-12-3109963647core:Vehicles2024-01-012024-12-3109963647core:FurnitureFittings2024-01-012024-12-3109963647core:OfficeEquipment2024-01-012024-12-3109963647core:NetGoodwill2024-01-012024-12-3109963647core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3109963647core:ListedExchangeTraded2024-01-012024-12-3109963647core:UnlistedNon-exchangeTraded2024-01-012024-12-3109963647core:MoreThanFiveYears2024-01-012024-12-3109963647core:Non-currentFinancialInstruments2024-12-3109963647core:Non-currentFinancialInstruments2023-12-3109963647dpl:CostSales2024-01-012024-12-3109963647dpl:DistributionCosts2024-01-012024-12-3109963647core:LandBuildings2024-01-012024-12-3109963647core:PlantMachinery2024-01-012024-12-3109963647core:Vehicles2024-01-012024-12-3109963647core:FurnitureFittings2024-01-012024-12-3109963647core:OfficeEquipment2024-01-012024-12-3109963647dpl:AdministrativeExpenses2024-01-012024-12-3109963647core:NetGoodwill2024-01-012024-12-3109963647core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3109963647dpl:GroupUndertakings2024-01-012024-12-3109963647dpl:ParticipatingInterests2024-01-012024-12-3109963647dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3109963647core:ListedExchangeTraded2024-01-012024-12-3109963647dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3109963647core:UnlistedNon-exchangeTraded2024-01-012024-12-3109963647dpl:CostSales2023-01-012023-12-3109963647dpl:DistributionCosts2023-01-012023-12-3109963647core:LandBuildings2023-01-012023-12-3109963647core:PlantMachinery2023-01-012023-12-3109963647core:Vehicles2023-01-012023-12-3109963647core:FurnitureFittings2023-01-012023-12-3109963647core:OfficeEquipment2023-01-012023-12-3109963647dpl:AdministrativeExpenses2023-01-012023-12-3109963647core:NetGoodwill2023-01-012023-12-3109963647core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109963647dpl:GroupUndertakings2023-01-012023-12-3109963647dpl:ParticipatingInterests2023-01-012023-12-3109963647dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3109963647core:ListedExchangeTraded2023-01-012023-12-3109963647dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3109963647core:UnlistedNon-exchangeTraded2023-01-012023-12-3109963647core:NetGoodwill2024-12-3109963647core:IntangibleAssetsOtherThanGoodwill2024-12-3109963647core:LandBuildings2024-12-3109963647core:PlantMachinery2024-12-3109963647core:Vehicles2024-12-3109963647core:FurnitureFittings2024-12-3109963647core:OfficeEquipment2024-12-3109963647core:AfterOneYear2024-12-3109963647core:WithinOneYear2024-12-3109963647core:ListedExchangeTraded2024-12-3109963647core:UnlistedNon-exchangeTraded2024-12-3109963647core:ShareCapital2024-12-3109963647core:SharePremium2024-12-3109963647core:RevaluationReserve2024-12-3109963647core:OtherReservesSubtotal2024-12-3109963647core:RetainedEarningsAccumulatedLosses2024-12-3109963647core:NetGoodwill2023-12-3109963647core:IntangibleAssetsOtherThanGoodwill2023-12-3109963647core:LandBuildings2023-12-3109963647core:PlantMachinery2023-12-3109963647core:Vehicles2023-12-3109963647core:FurnitureFittings2023-12-3109963647core:OfficeEquipment2023-12-3109963647core:AfterOneYear2023-12-3109963647core:WithinOneYear2023-12-3109963647core:ListedExchangeTraded2023-12-3109963647core:UnlistedNon-exchangeTraded2023-12-3109963647core:ShareCapital2023-12-3109963647core:SharePremium2023-12-3109963647core:RevaluationReserve2023-12-3109963647core:OtherReservesSubtotal2023-12-3109963647core:RetainedEarningsAccumulatedLosses2023-12-3109963647core:NetGoodwill2023-01-0109963647core:IntangibleAssetsOtherThanGoodwill2023-01-0109963647core:LandBuildings2023-01-0109963647core:PlantMachinery2023-01-0109963647core:Vehicles2023-01-0109963647core:FurnitureFittings2023-01-0109963647core:OfficeEquipment2023-01-0109963647core:AfterOneYear2023-01-0109963647core:WithinOneYear2023-01-0109963647core:ListedExchangeTraded2023-01-0109963647core:UnlistedNon-exchangeTraded2023-01-0109963647core:ShareCapital2023-01-0109963647core:SharePremium2023-01-0109963647core:RevaluationReserve2023-01-0109963647core:OtherReservesSubtotal2023-01-0109963647core:RetainedEarningsAccumulatedLosses2023-01-0109963647core:AfterOneYear2024-01-012024-12-3109963647core:WithinOneYear2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3109963647core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3109963647core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3109963647core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3109963647core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3109963647core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3109963647bus:Director12024-01-012024-12-3109963647core:FurnitureFittingsToolsEquipment2023-12-3109963647core:FurnitureFittingsToolsEquipment2024-01-012024-12-3109963647core:FurnitureFittingsToolsEquipment2024-12-31

LIQUORICE ASSETS LIMITED

Registered Number
09963647
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

LIQUORICE ASSETS LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

CHAMBERS, Dione Jane

Registered Address

127 Somerset Road 127
Somerset Road
Bristol
BS4 2JA

Registered Number

09963647 (England and Wales)
LIQUORICE ASSETS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9772,711
1,9772,711
Current assets
Debtors16,26923,199
Cash at bank and on hand3,6723,603
19,94126,802
Creditors amounts falling due within one year4(3,212)(4,737)
Net current assets (liabilities)16,72922,065
Total assets less current liabilities18,70624,776
Net assets18,70624,776
Capital and reserves
Profit and loss account18,70624,776
Shareholders' funds18,70624,776
The financial statements were approved and authorised for issue by the Director on 10 February 2025, and are signed on its behalf by:
CHAMBERS, Dione Jane
Director
Registered Company No. 09963647
LIQUORICE ASSETS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity.
2.Average number of employees

20242023
Average number of employees during the year02
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 242,6884,6567,344
Additions149-149
At 31 December 242,8374,6567,493
Depreciation and impairment
At 01 January 241,1423,4914,633
Charge for year392491883
At 31 December 241,5343,9825,516
Net book value
At 31 December 241,3036741,977
At 31 December 231,5461,1652,711
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables99
Taxation and social security2,9714,371
Accrued liabilities and deferred income232357
Total3,2124,737
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Pension commitments
The company operates a defined contribution pension scheme for one directors. The assets of the scheme are held separately from those of the company in an independently administered fund.