Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-222025-05-22truetruetruetrue4true2024-05-17truetruetruetrueNo description of principal activityfalsetrue 15725842 2024-05-16 15725842 2024-05-17 2024-12-31 15725842 2023-01-01 2024-05-16 15725842 2024-12-31 15725842 c:Director4 2024-05-17 2024-12-31 15725842 d:FreeholdInvestmentProperty 2024-05-17 2024-12-31 15725842 d:FreeholdInvestmentProperty 2024-12-31 15725842 d:CurrentFinancialInstruments 2024-12-31 15725842 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15725842 d:ShareCapital 2024-12-31 15725842 d:RetainedEarningsAccumulatedLosses 2024-12-31 15725842 c:OrdinaryShareClass1 2024-05-17 2024-12-31 15725842 c:OrdinaryShareClass1 2024-12-31 15725842 c:FRS101 2024-05-17 2024-12-31 15725842 c:Audited 2024-05-17 2024-12-31 15725842 c:FullAccounts 2024-05-17 2024-12-31 15725842 c:PrivateLimitedCompanyLtd 2024-05-17 2024-12-31 15725842 c:SmallCompaniesRegimeForAccounts 2024-05-17 2024-12-31 15725842 d:FinancialInstrumentsFairValueThroughProfitOrLoss 2024-05-17 2024-12-31 15725842 d:FinancialLiabilitiesAmortisedCost 2024-05-17 2024-12-31 15725842 d:FinancialInstrumentsDesignatedFairValueThroughProfitOrLoss 2024-05-17 2024-12-31 15725842 2 2024-05-17 2024-12-31 15725842 e:PoundSterling 2024-05-17 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15725842









LIVONIA INVESTMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LIVONIA INVESTMENTS LIMITED
REGISTERED NUMBER: 15725842

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

  

Fixed assets
  

Investment property
 4 
14,165,253

  
14,165,253

Current assets
  

Debtors: amounts falling due within one year
 5 
152,839

Cash at bank and in hand
 6 
806,996

  
959,835

Creditors: amounts falling due within one year
 7 
(15,140,676)

Net current (liabilities)/assets
  
 
 
(14,180,841)

Total assets less current liabilities
  
(15,588)

  

Net assets
  
(15,588)

Net (liabilities)/assets
  
(15,588)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(15,688)

  
(15,588)


Page 1

 
LIVONIA INVESTMENTS LIMITED
REGISTERED NUMBER: 15725842
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R H Silver
Director

Date: 22 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Livonia Investments Limited is a private company limited by shares and incorporated in England and Wales (registered number: 15725842). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The principal place of business is 17 Portland Place, London, W1B 1PU. The principal activity of the Company is that of commercial property investment.
The Company was incorporated on 17 May 2024 and began trading on that date.
The financial statements are presented in Sterling, which is the functional currency of the Company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

Information on the impact of first-time adoption of FRS 101 is given in note 11.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

First time application of FRS 100 and FRS 101

The following principal accounting policies have been applied:

Page 3

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
 - paragraphs 76 and 79(d) of IAS 40 Investment Property; and
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of SG Rocks (UK) Limited as at 31 December 2024 and these financial statements may be obtained from C/O Work.Life, 33 Foley Street, London, England,W1W 7TL.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis. The Company is dependent on the parent company for financial support, which will continue for a period of at least another 12 months from the date of approval of these financial statements.
As at 31 December 2024, the Company had a net liability position. The ultimate beneficial owners have indicated their present intention to provide adequate finance to enable the Company to continue in operational existence and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

Page 4

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

The Company has contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Company adjusts the transaction prices of these contracts for the time value of money.

A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

Rendering of services

Revenue from providing services is recognised in the accounting period in which the services are rendered.

For fixed-price contracts, revenue is recognised based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided because the customer receives and uses the benefits simultaneously.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Investment property

Investment property under construction is held at historic cost when its fair value it is not reliably measurable. Investment property is measured at fair value either from the point its fair value becomes reliably measurable or construction is completed (whichever is earlier).

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

Page 5

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire.

The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value. 

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Fair value through profit or loss

All of the Company's financial assets are subsequently measured at fair value at the end of each reporting period, with any fair value gains or losses being recognised in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset. 

Impairment of financial assets

The Company always recognises lifetime ECL for trade receivables and amounts due on contracts with customers. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

Financial liabilities

Fair value through profit or loss

Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for trading, or is designated as at fair value through profit or loss. This designation may be made if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss to the extent that they are not
Page 6

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

part of a designated hedging relationship.

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


     Period ended
     31 December
        2024
            No.






Directors
4

Page 7

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Cost


Additions at cost
14,165,253



At 31 December 2024
14,165,253

Investment property under construction is held at historic cost when its the fair value is not reliably measurable.


2024
£


Historic cost
14,165,253

14,165,253

Included within profit and loss is £125,274 in rental income and £5,614 in direct operating expenses in respect of the investment property.


5.


Debtors

2024
£


Amounts owed by group undertakings
100

VAT receivable
68,523

Prepayments and accrued income
84,216

152,839



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
806,996

806,996


Page 8

 
LIVONIA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
109,587

Amounts owed to group undertakings
15,000,000

Accruals and deferred income
31,089

15,140,676



8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary share capital shares of £1.00 each
100


During the period, the Company issued 100 Ordinary shares of £100 aggregate nominal value at par value.


9.


Related party transactions

FRS 101 does not require disclosure of transactions between members of a group provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


10.


Controlling party

The immediate parent company is LV3 Limited, a company incorporated in England and Wales (registered number: 15725800), and whose registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The ultimate controlling party is SG Rocks (UK) Limited a company incorporated in England and Wales (registered number: 14687640), and whose registered office address is C/O Work.Life, 33 Foley Street, London, England, W1W 7TL.


11.


First time adoption of FRS 101

These financial statements, for the year ended December 31, 2024, are the first the Company has prepared in accordance with FRS 101. As this is the Company's first year of operations, there are no previous financial statements prepared under any other accounting framework.


12.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 22 May 2025 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris and Trotter LLP.

Page 9

 
LIVONIA INVESTMENTS LIMITED
 
 
 Page 10