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REGISTERED NUMBER: 11841131















Unaudited Financial Statements for the Year Ended 27th February 2024

for

LIBERTY WORKSPACE LIMITED

LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)






Contents of the Financial Statements
FOR THE YEAR ENDED 27TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIBERTY WORKSPACE LIMITED

Company Information
FOR THE YEAR ENDED 27TH FEBRUARY 2024







DIRECTOR: Mrs Mahen Kumar Makwana





REGISTERED OFFICE: Unit 9, Liberty Centre,
Mount Pleasant,
Wembley
United Kingdom
HA0 1TX





REGISTERED NUMBER: 11841131





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Balance Sheet
27TH FEBRUARY 2024

27/2/24 27/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 72,141 85,984
Investments 5 59,188 59,188
131,329 145,172

CURRENT ASSETS
Debtors 6 43,404 36,798
Cash at bank and in hand 69,994 6,327
113,398 43,125
CREDITORS
Amounts falling due within one year 7 (125,447 ) (80,238 )
NET CURRENT LIABILITIES (12,049 ) (37,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,280

108,059

CREDITORS
Amounts falling due after more than one
year

8

(37,473

)

(44,767

)
NET ASSETS 81,807 63,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 81,707 63,192
SHAREHOLDERS' FUNDS 81,807 63,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Balance Sheet - continued
27TH FEBRUARY 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 31st January 2025 and were signed by:





Mrs Mahen Kumar Makwana - Director


LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Notes to the Financial Statements
FOR THE YEAR ENDED 27TH FEBRUARY 2024

1. STATUTORY INFORMATION

Liberty Workspace Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Leasehold property - 15% Straight Line Method
Fixtures and fittings - 15% Straight Line Method
Computer and Equipments - 20% Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 28th February 2023 71,204 51,267 1,561 124,032
Additions 5,694 - - 5,694
At 27th February 2024 76,898 51,267 1,561 129,726
DEPRECIATION
At 28th February 2023 28,458 8,966 624 38,048
Charge for year 11,535 7,690 312 19,537
At 27th February 2024 39,993 16,656 936 57,585
NET BOOK VALUE
At 27th February 2024 36,905 34,611 625 72,141
At 27th February 2023 42,746 42,301 937 85,984

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 28th February 2023
and 27th February 2024 59,188
NET BOOK VALUE
At 27th February 2024 59,188
At 27th February 2023 59,188

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Trade debtors 7,459 5,340
Other debtors 35,945 31,458
43,404 36,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Trade creditors - 3,378
Taxation and social security 30,067 21,959
Other creditors 95,380 54,901
125,447 80,238

LIBERTY WORKSPACE LIMITED (REGISTERED NUMBER: 11841131)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27/2/24 27/2/23
£    £   
Other creditors 37,473 44,767

9. RESERVES
Retained
earnings
£   

At 28th February 2023 63,192
Profit for the year 44,515
Dividends (26,000 )
At 27th February 2024 81,707