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COMPANY REGISTRATION NUMBER: 06997275
BTR Liverpool Ltd
Filleted Unaudited Financial Statements
31 December 2024
BTR Liverpool Ltd
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
BTR Liverpool Ltd
Officers and Professional Advisers
Director
Mr A Rothwell
Company secretary
Mrs Yvonne Rothwell
Registered office
33 Column Road
Wirral
England
CH48 8AN
Accountants
AGP
Chartered Accountants
First Floor
2 City Road
Chester
Cheshire
CH1 3AE
BTR Liverpool Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
27,682
9,254
Current assets
Debtors
6
109,615
50,418
Cash at bank and in hand
234,161
126,713
---------
---------
343,776
177,131
Creditors: amounts falling due within one year
7
274,095
259,269
---------
---------
Net current assets/(liabilities)
69,681
( 82,138)
--------
--------
Total assets less current liabilities
97,363
( 72,884)
--------
--------
Net assets/(liabilities)
97,363
( 72,884)
--------
--------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
97,362
( 72,885)
--------
--------
Shareholders funds/(deficit)
97,363
( 72,884)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BTR Liverpool Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr A Rothwell
Director
Company registration number: 06997275
BTR Liverpool Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 Column Road, Wirral, CH48 8AN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2024
373
24,083
17,232
41,688
Additions
30,995
30,995
Disposals
( 24,083)
( 24,083)
----
--------
--------
--------
At 31 December 2024
373
30,995
17,232
48,600
----
--------
--------
--------
Depreciation
At 1 January 2024
324
17,140
14,970
32,434
Charge for the year
8
5,165
451
5,624
Disposals
( 17,140)
( 17,140)
----
--------
--------
--------
At 31 December 2024
332
5,165
15,421
20,918
----
--------
--------
--------
Carrying amount
At 31 December 2024
41
25,830
1,811
27,682
----
--------
--------
--------
At 31 December 2023
49
6,943
2,262
9,254
----
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
109,615
50,418
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
19
12,661
Accruals and deferred income
230,327
153,260
Social security and other taxes
43,202
21,280
Director loan accounts
426
72,068
Other creditors
121
---------
---------
274,095
259,269
---------
---------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Rothwell
( 72,068)
87,685
( 16,043)
( 426)
--------
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Rothwell
( 66,470)
5,539
( 11,137)
( 72,068)
--------
-------
--------
--------
10. Related party transactions
The company was under the control of the director throughout the current year. Mr Rothwell is the managing director and majority shareholder.