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REGISTERED NUMBER: 10344621 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Live in London Ltd

Live in London Ltd (Registered number: 10344621)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Live in London Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Hilton





REGISTERED OFFICE: 16 Foxhill Village
Haywards Heath
RH16 4QZ





REGISTERED NUMBER: 10344621 (England and Wales)





ACCOUNTANTS: Burnbecks Limited
Chartered Certified Accountants
2B Haddo Street
Greenwich
London
SE10 9RN

Live in London Ltd (Registered number: 10344621)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,962 14,074
Investment property 5 3,784,951 3,210,000
3,796,913 3,224,074

CURRENT ASSETS
Debtors - 20,755
Cash at bank 162,998 123,427
162,998 144,182
CREDITORS
Amounts falling due within one year 109,405 13,549
NET CURRENT ASSETS 53,593 130,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,850,506

3,354,707

CREDITORS
Amounts falling due after more than one
year

6

3,623,697

3,259,164
NET ASSETS 226,809 95,543

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 (50,786 ) (25,786 )
Retained earnings 277,495 121,229
SHAREHOLDERS' FUNDS 226,809 95,543

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 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.

Live in London Ltd (Registered number: 10344621)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2025 and were signed by:





S Hilton - Director


Live in London Ltd (Registered number: 10344621)

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

1. STATUTORY INFORMATION

Live in London 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
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.
Fixtures & fittings - 15% on reducing balance

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.

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.

Live in London Ltd (Registered number: 10344621)

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 16,560
DEPRECIATION
At 1 September 2023 2,486
Charge for year 2,112
At 31 August 2024 4,598
NET BOOK VALUE
At 31 August 2024 11,962
At 31 August 2023 14,074

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 3,210,000
Additions 599,951
Revaluations (25,000 )
At 31 August 2024 3,784,951
NET BOOK VALUE
At 31 August 2024 3,784,951
At 31 August 2023 3,210,000

Live in London Ltd (Registered number: 10344621)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 (17,992 )
Valuation in 2021 (40,000 )
Valuation in 2022 (52,794 )
Valuation in 2023 85,000
Valuation in 2024 (25,000 )
Cost 3,835,737
3,784,951

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
31.8.24 31.8.23
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,322,660 2,285,412

Repayable by instalments
Bank loans more 5 yr by instal 1,143,181 -

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 2,690,721 2,285,412

Bank loans are secured by way of a charge on the company's investment properties.

8. CALLED UP SHARE CAPITAL

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

Live in London Ltd (Registered number: 10344621)

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

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023 (25,786 )
Revaluation in year (25,000 )

At 31 August 2024 (50,786 )