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REGISTERED NUMBER: 07749243 (England and Wales)















LIBERATION ADVISORY LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIBERATION ADVISORY LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: V Y H Sai
C H Chan





REGISTERED OFFICE: 90 Clapham Common West Side
London
SW4 9AZ





REGISTERED NUMBER: 07749243 (England and Wales)






LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,088 2,358

CURRENT ASSETS
Debtors 5 - 208,044
Cash at bank 435,152 506,352
435,152 714,396
CREDITORS
Amounts falling due within one year 6 145,203 320,507
NET CURRENT ASSETS 289,949 393,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,037

396,247

PROVISIONS FOR LIABILITIES - 448
NET ASSETS 294,037 395,799

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 293,937 395,699
SHAREHOLDERS' FUNDS 294,037 395,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





V Y H Sai - Director


LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Liberation Advisory 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 15,820
Additions 3,664
Disposals (8,265 )
At 31 August 2024 11,219
DEPRECIATION
At 1 September 2023 13,462
Charge for year 1,934
Eliminated on disposal (8,265 )
At 31 August 2024 7,131
NET BOOK VALUE
At 31 August 2024 4,088
At 31 August 2023 2,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 200,000
Tax - 8,044
- 208,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Social security and other taxes - 8,610
Directors' current accounts 3,676 119,041
Accrued expenses 141,527 192,856
145,203 320,507

LIBERATION ADVISORY LIMITED (REGISTERED NUMBER: 07749243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100