Company Registration No. 11690736 (England and Wales)
Living Together Limited
Unaudited accounts
for the year ended 30 November 2024
Living Together Limited
Unaudited accounts
Contents
Living Together Limited
Company Information
for the year ended 30 November 2024
Company Number
11690736 (England and Wales)
Registered Office
27 Cobden Road
Brighton
East Sussex
BN2 9TL
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Living Together Limited
Accountants' report
Accountants' report to the director of Living Together Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Living Together Limited for the year ended
30 November 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Living Together Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Living Together Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Living Together Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Living Together Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Living Together Limited. You consider that Living Together Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Living Together Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
29 May 2025
Living Together Limited
Statement of financial position
as at 30 November 2024
Investment property
250,000
200,000
Cash at bank and in hand
2,626
3,515
Creditors: amounts falling due within one year
(69,323)
(72,233)
Net current liabilities
(66,697)
(68,718)
Total assets less current liabilities
183,303
131,282
Creditors: amounts falling due after more than one year
(117,901)
(117,165)
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
77,970
53,960
Profit and loss account
(30,470)
(39,943)
Shareholders' funds
47,600
14,117
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2025 and were signed on its behalf by
Katarina Edridge
Director
Company Registration No. 11690736
Living Together Limited
Notes to the Accounts
for the year ended 30 November 2024
Living Together Limited is a private company, limited by shares, registered in England and Wales, registration number 11690736. The registered office is 27 Cobden Road, Brighton, East Sussex, BN2 9TL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Living Together Limited
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2023
200,000
Net gain from fair value adjustments
50,000
At 30 November 2024
250,000
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
68,813
71,723
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
113,034
112,298
Other creditors
4,867
4,867
Aggregate of amounts that fall due for payment after five years
110,596
108,715
Included in non-current liabilities is a bank loan of £110,596 (2023 - £108,715), secured in full by a first fixed charge over the freehold investment property.
Living Together Limited
Notes to the Accounts
for the year ended 30 November 2024
8
Deferred taxation
2024
2023
Revaluation of investment property
25,990
-
Tax losses carried forward
(8,188)
-
Charged to the profit and loss account
17,802
-
Provision at end of year
17,802
-
9
Transactions with related parties
At the year end, the company owed £68,813 (2023 - £71,723) to the Directors, interest of £1,208 was charged in the period (2023 - £1,276).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).