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REGISTERED NUMBER: 13655565 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Livil Real Estate Investments Ltd

Livil Real Estate Investments Ltd (Registered number: 13655565)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Livil Real Estate Investments Ltd (Registered number: 13655565)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 435,000 245,000

CURRENT ASSETS
Debtors 5 292 121
Cash at bank 25,383 97,773
25,675 97,894
CREDITORS
Amounts falling due within one year 6 183,880 183,880
NET CURRENT LIABILITIES (158,205 ) (85,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,795

159,014

CREDITORS
Amounts falling due after more than
one year

7

(284,310

)

(156,060

)

PROVISIONS FOR LIABILITIES - (571 )
NET (LIABILITIES)/ASSETS (7,515 ) 2,383

Livil Real Estate Investments Ltd (Registered number: 13655565)

Statement of Financial Position - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 21,652 19,926
Retained earnings (29,267 ) (17,643 )
SHAREHOLDERS' FUNDS (7,515 ) 2,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 14 June 2025 and were signed on its behalf by:





Mrs Annelien Marie Sophie Van Sonsbeek - Director


Livil Real Estate Investments Ltd (Registered number: 13655565)

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

1. STATUTORY INFORMATION

Livil Real Estate Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13655565

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.


Livil Real Estate Investments Ltd (Registered number: 13655565)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £7,515. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 245,000
Additions 188,845
Revaluations 1,155
At 31 October 2024 435,000
NET BOOK VALUE
At 31 October 2024 435,000
At 31 October 2023 245,000

Investment property situated at 41 The Winerack, Key Street, Ipswich, Suffolk, IP4 1FU is under a charge from Hampshire Trust Bank PLC. The charge was created on 19 August 2022.

Investment property situated at Apartment 34, Aire Lofts, 0 Happy Walk, Leeds, LS9 8FX, England is under a charge from Quantum Mortgages Limited. The charge was created on 11 September 2024.

Livil Real Estate Investments Ltd (Registered number: 13655565)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 15,496
Valuation in 2023 5,000
Valuation in 2024 1,155
Cost 413,349
435,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 292 121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 183,880 183,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 284,310 156,060

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 284,310 -

Livil Real Estate Investments Ltd (Registered number: 13655565)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 284,310 156,060

The loan amounting to £156,060 is secured by the way of charge on the property situated at 41 The Winerack, Key Street, Ipswich, Suffolk, IP4 1FU (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 19 August 2022.

The loan amounting to £128,250 is secured by the way of charge on the property situated at Apartment 34, Aire Lofts, 0 Happy Walk, Leeds, LS9 8FX, England (disclosed as investment property). The charge was created in the name of Quantum Mortgages Limited on 16 September 2024.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023 19,926
Transfer to/from reserves 1,726

At 31 October 2024 21,652

11. RELATED PARTY DISCLOSURES

The company owes £91,940 (2023: £91,940) to its director, Mr Remco De Waard who is also a 50% shareholder of the company as at accounting year end date.

The company owes £91,940 (2023: £91,940) to its director, Mrs Annelien Marie Sophie Van Sonsbeek who is also a 50% shareholder of the company as at accounting year end date.