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REGISTERED NUMBER: 09929017 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Liverpool Edge (Hardman Street) Ltd

Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liverpool Edge (Hardman Street) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J Beer
D C Brewitt





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 09929017 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 221,078 260,224
Investment property 5 53,690,000 53,095,000
53,911,078 53,355,224

CURRENT ASSETS
Debtors 6 945,712 460,605
Cash at bank 181,778 17,867
1,127,490 478,472
CREDITORS
Amounts falling due within one year 7 880,280 3,617,340
NET CURRENT ASSETS/(LIABILITIES) 247,210 (3,138,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,158,288

50,216,356

CREDITORS
Amounts falling due after more than one year 8 (28,800,000 ) (25,487,500 )

PROVISIONS FOR LIABILITIES (6,010,184 ) (5,828,414 )
NET ASSETS 19,348,104 18,900,442

CAPITAL AND RESERVES
Called up share capital 2 2
Non-Dist Retained Earnings 19,337,706 18,891,456
Retained earnings 10,396 8,984
SHAREHOLDERS' FUNDS 19,348,104 18,900,442

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:




A J Beer - Director



D C Brewitt - Director


Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)

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

1. STATUTORY INFORMATION

Liverpool Edge (Hardman Street) Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
The turnover in the profit & loss account represents revenue recognised on accrued rental contracts in place during the period exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The Investment Property is initially recognised at cost; cost includes the purchase cost, costs of development to bring the site into use and any other directly attributable expenditure. Subsequently, it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit & loss account.

The fair value surplus and deficits recognised in the profit loss account are non-distributable reserves and are shown separately on the face of the balance sheet as non-distributable retained earnings. The amounts held in non-distributable reserves for the fair value adjustments are shown after providing for deferred taxation.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

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.

Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 523,667
Additions 551
At 31 August 2024 524,218
DEPRECIATION
At 1 September 2023 263,443
Charge for year 39,697
At 31 August 2024 303,140
NET BOOK VALUE
At 31 August 2024 221,078
At 31 August 2023 260,224

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 53,095,000
Revaluations 595,000
At 31 August 2024 53,690,000
NET BOOK VALUE
At 31 August 2024 53,690,000
At 31 August 2023 53,095,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 19,647,433
Valuation in 2021 (297,070 )
Valuation in 2022 143,245
Valuation in 2023 5,695,000
Valuation in 2024 595,000
Cost 27,906,392
53,690,000

Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)

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

5. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 27,906,392 27,906,392

Investment property was valued on an open market basis on 15 December 2023 by Avison Young .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 482,531 405,503
Other debtors 463,181 55,102
945,712 460,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 625,000
Payments on account 69,458 -
Trade creditors 20,191 111,275
Taxation and social security 2,901 3,158
Other creditors 787,730 2,877,907
880,280 3,617,340

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 28,800,000 25,487,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 28,800,000 26,112,500

Land and buildings at hardman street, baltimore street, maryland street and south hunter street liverpool comprising the freehold land in title number MS226941(being land and buildings at 15 hardman street liverpool L1 9AS), the freehold land in title number MS666772 (being land and buildings on the south west side of maryland street liverpool), and the leasehold land in title number MS666774 (being land and buildings to the east of 2A maryland street liverpool).
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

Liverpool Edge (Hardman Street) Ltd (Registered number: 09929017)

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

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Carpenter Investments Ltd.

The registered office of the parent is as follows.

Seymour Chambers
92 London Road
Liverpool
L3 5NW