REGISTERED NUMBER: 01576138 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LIBERON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M De Grivel

J De Grivel

V33 SA

REGISTERED OFFICE:

Mountfield Industrial Estate

Learoyd Road

New Romney

Kent

TN28 8XU

REGISTERED NUMBER:

01576138 (England and Wales)

AUDITORS:

Cassidys Chartered Accountants

And Registered Auditors

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

2,500,225

338,613

CURRENT ASSETS

Stocks

1,237,558

1,595,006

Debtors

5

1,007,742

484,939

Cash at bank

998,276

739,435

3,243,576

2,819,380

CREDITORS

Amounts falling due within one year

6

1,348,044

746,949

NET CURRENT ASSETS

1,895,532

2,072,431

TOTAL ASSETS LESS CURRENT LIABILITIES

4,395,757

2,411,044

CREDITORS

Amounts falling due after more than one year

7

(1,999,999

)

-

PROVISIONS FOR LIABILITIES

(11,921

)

(11,921

)

NET ASSETS

2,383,837

2,399,123

CAPITAL AND RESERVES

Called up share capital

9

2,100

2,100

Retained earnings

2,381,737

2,397,023

SHAREHOLDERS' FUNDS

2,383,837

2,399,123

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 2 September 2025 and were signed on its behalf by:

J De Grivel - Director

1.	STATUTORY INFORMATION

Liberon Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised when goods have been despatched and is measured at the fair value of the consideration received or receivable, excluding value added tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings - over remaining useful economic life

Freehold land - nil

Equipment (excluding computers) - 15% on written down value/31% on cost

Computers - 33% on cost

Fixtures and fittings - 15% on written down value/15% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Debtors receivable within one year are measured at transaction price, less any impairment. Any losses arising from impairment are recognised in expenditure.

Creditors

Creditors payable with one year are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2024

951,311

263,220

1,214,531

Additions

2,117,809

70,222

2,188,031

Disposals

-

(11,791

)

(11,791

)

At 31 December 2024

3,069,120

321,651

3,390,771

DEPRECIATION

At 1 January 2024

660,381

215,537

875,918

Charge for year

15,565

10,744

26,309

Eliminated on disposal

-

(11,681

)

(11,681

)

At 31 December 2024

675,946

214,600

890,546

NET BOOK VALUE

At 31 December 2024

2,393,174

107,051

2,500,225

At 31 December 2023

290,930

47,683

338,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

792,056

461,492

Amounts owed by group undertakings

4,796

3,860

Other debtors

210,890

19,587

1,007,742

484,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

186,781

369,998

Amounts owed to group undertakings

1,147,262

231,251

Taxation and social security

-

145,638

Other creditors

14,001

62

1,348,044

746,949

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,999,999

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

908,717

-

8.	LEASING AGREEMENTS

The minimum lease payments due under non-cancellable operating leases total £55,151 (2023 - £40,424).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2,100

Ordinary

£1

2,100

2,100

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

The Report of the Auditors was unqualified.

Stuart Whorlow (Senior Statutory Auditor)

for and on behalf of Cassidys Chartered Accountants

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members of the group headed by V33 S.A., due to it being a wholly owned subsidiary in that group.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is V33 S.A., a company incorporate in France, which is a director of Liberon Limited and owns 100% of the issued share capital. V33 S.A. registered office is Route de la Muyre, 39210 Domblans, France.

The ultimate holding company is Holding Christian de Grivel - Holding etc Financiere V33, a company incorporated in France.

Neither the immediate parent nor ultimate holding companies' financial statements are publicly available.