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REGISTERED NUMBER: 10885174 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

The Address Liverpool Limited

The Address Liverpool Limited (Registered number: 10885174)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Address Liverpool Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: E Lawless





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 10885174 (England and Wales)






The Address Liverpool Limited (Registered number: 10885174)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,000 1,000

CURRENT ASSETS
Stocks 27,821,503 27,796,759
Debtors 5 264,391 2,468,382
Cash at bank 204,291 10,876
28,290,185 30,276,017
CREDITORS
Amounts falling due within one year 6 11,462,171 13,210,613
NET CURRENT ASSETS 16,828,014 17,065,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,829,014

17,066,404

CREDITORS
Amounts falling due after more than one
year

7

16,800,000

16,800,000
NET ASSETS 29,014 266,404

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,013 266,403
29,014 266,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Address Liverpool Limited (Registered number: 10885174)

Balance Sheet - continued
31 January 2023


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 11 September 2023 and were signed by:





E Lawless - Director


The Address Liverpool Limited (Registered number: 10885174)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The Address Liverpool 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director has considered the consequences of COVID-19 and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation charged

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

In accordance with FRS 102 para 25.2 the company adopts a policy of capitalising borrowing costs that are directly attributable to acquisition, construction, and production of a qualifying asset. Work in progress is an asset that takes a substantial period of time to get ready for its intended use or sale and meets the FRS 102 definition of a qualifying asset.

Financial instruments
Secured bank loans are initially recognised at the fair value of the proceeds, net of transaction costs. The loan is subsequently measured at amortised cost through the profit and loss account using the effective rate of interest.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 and 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.

The Address Liverpool Limited (Registered number: 10885174)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2022
and 31 January 2023 1,000
NET BOOK VALUE
At 31 January 2023 1,000
At 31 January 2022 1,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 96,966 151,905
Other debtors 167,425 2,316,477
264,391 2,468,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts - 56,115
Trade creditors 160,041 152,194
Taxation and social security 1,931,999 1,713,361
Other creditors 9,370,131 11,288,943
11,462,171 13,210,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 16,800,000 16,800,000

The Address Liverpool Limited (Registered number: 10885174)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 16,800,000 16,800,000

National Westminster Bank PLC holds a fixed charge over the land and buildings held in work in progress.

9. RELATED PARTY DISCLOSURES

Included in other creditors at 31 January 2023 is £9,367,131 (2022: £11,288,943) owing to companies under common control. The loan is subject to interest and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is E Lawless.