Registered number
12254047
(England & Wales)
LIBERTY MARKET INVESTMENT LTD
Directors' report and financial statements
31 October 2024
Address
C/O Law & Tax International Solutions
25 City Road, London, England
EC1Y 1AA
LIBERTY MARKET INVESTMENT LTD
for the year ended 31.10.2024
Page
Company information 1
Directors' report 2
Statement of comprehensive income 3
Statement of finnacial position 4
Notes to the financial statements 5
Detailed income statement 6
LIBERTY MARKET INVESTMENT LTD
Company Information
Directors
Vasyl Gryshchenko
Registered office
C/O Law & Tax International Solutions
25 City Road, London
England,
EC1Y 1AA
Registered number
12254047
LIBERTY MARKET INVESTMENT LTD
Registered number: 12254047
Directors' report
The director presents his report and the financial statements for the year ended 31.10.2024
Principal activities
The company's principal activity during the year under review was ready-made interactive leisure and entertainment software development
Directors
The following persons served as directors during the year:
Vasyl Gryshchenko
Statement of Director's responsibilities
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30.05.2025 and signed on its behalf by:
Vasyl Gryshchenko
Director
LIBERTY MARKET INVESTMENT LTD
Statement of comprehensive income
for the year ended 31.10.2024
Notes 2024 2023
Turnover 7 2,075,579 1,801,223
Cost of sales 8 (1,948,696) (1,689,335)
Gross profit/(loss) 126,883 111,888
Other operating income 9 442 662
Administrative expenses 10 (114,114) (82,729)
13,211 29,821
Profit on ordinary activities before taxation 13,211 29,821
Tax on profit on ordinary activities (2,510) (5,687)
Profit for the financial year 10,701 24,134
"Notes" constitutes the corresponding entries in Detaild Income Statement
LIBERTY MARKET INVESTMENT LTD
Registered number: 12254047
Statement of financial position
as at 31.10.2024
Notes
2024 2023
Current assets
Debtors 2 107 1
Cash at bank and in hand 82,936 110,761
83,043 110,762
Creditors: amounts falling due within one year 3 (5,910) (44,330)
Net current assets 77,133 66,432
Total assets less current liabilities 77,133 66,432
Net assets 77,133 66,432
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 5 77,132 66,431
Shareholders' funds 77,133 66,432
a. For the year under review the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to the small companies regime.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities under Companies Act 2006 for:
(1) Ensuring the company keeps accounting records which comply with Section 386; and
(2) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Vasyl Gryshchenko
Director
Approved by the board on 30.05.2025
LIBERTY MARKET INVESTMENT LTD
Notes to the financial statements
for the year ended 31.10.2024
1 Accounting policies
Basis of preparation
The Financial Statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Debtors 2024 2023
Trade debtors - -
Other debtors 107 1
107 1
3 Creditors: amounts falling due within one year 2024 2023
Trade creditors (3,400) 38,643
Corporation tax (2,510) 5,687
(5,910) 44,330
4 Share capital Nominal 2024 2024 2022
value Number
Allotted, called up and fully paid:
Ordinary shares GBP 1.00 each 1 1 1
5 Profit and loss account 2024
Balance brought forward 66,431 -
Profit for the year 10,701
Balance carried forward 77,132
6 EMPLOYEE INFORMATION 2024
Average number of persons employed by the company -
LIBERTY MARKET INVESTMENT LTD
Detailed Income Statement
for the year ended 31.10.2024
2024 2023
7 Turnover
Sale of Software Enviroment 2,075,579 1,801,223
8 Cost of sales (1,948,696) (1,948,696)
Development of Mobile Application
Development of Software Enviroment (1,948,696) (1,689,335)
9 Other operating income 442 662
Advertising Services
Currency Exchange Gain 220
Other operating income 442 442
Writing off accounts payable
10 Administrative expenses (114,114) (82,729)
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