Company registration number 12156824 (England and Wales)
LIORA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LIORA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LIORA LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
5,201
Current assets
Debtors
4
-
0
452
Cash at bank and in hand
222
558
222
1,010
Creditors: amounts falling due within one year
5
(997)
(22,953)
Net current liabilities
(775)
(21,943)
Total assets less current liabilities
(775)
(16,742)
Provisions for liabilities
-
0
(988)
Net liabilities
(775)
(17,730)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(875)
(17,830)
Total equity
(775)
(17,730)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 October 2025 and are signed on its behalf by:
Michael Shwartz
Director
Company registration number 12156824 (England and Wales)
LIORA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Liora Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

The directors have agreed to prepare the financial statements on a break-up basis due to the company having ceased trading and being wound up.

On this basis, assets have been stated at their estimated realisable values and provisions have been made for any losses arising from the winding-up process.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Income from contracts for the provision of live performance is recognised on performance date.

Royalty income is recognised on a receivable basis to the extent that it can be quantified from amounts received from or declared by licensees and other parties.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Musical equipment
25% reducing balance
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

LIORA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

LIORA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
12,869
Disposals
(12,869)
At 31 March 2025
-
0
Depreciation and impairment
At 1 April 2024
7,668
Eliminated in respect of disposals
(7,668)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
5,201
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
452
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
360
Other creditors
997
22,593
997
22,953
LIORA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Directors' transactions

During the period, Daniel Shwartz-Briskin, a director of the company, incurred expenses on behalf of the company totalling £9,100 and was repaid £10,000. The remaining loan balance of £4,537 was written off at the year end. At the balance sheet date the director was owed £Nil(202 4 - £5,437).

During the period, Michael Shwartz, a director of the company, paid for expenses on behalf of the company totaling £3,624 and was repaid £400. The remaining loan balance of £3,725 was written off at the year end. At the balance sheet date, Michael Shwartz, a director of the company, was owed £Nil (202 4 - £501).

During the period, the company received £10,470 from Michael Shwartz Construction Limited. Michael Shwartz, a director of Liora Limited is the controlling party of Michael Shwartz Construction Limited. At the year end, Michael Shwartz agreed to write off the outstanding loan balance of £26,825. At the balance sheet date, the company owed £Nil (202 4: £16,355) to Michael Shwartz Construction Limited included in other creditors.

All loans are interest free and repayable on demand.

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