REGISTERED NUMBER: 09088048 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Liquid 11 Estates Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Hardy

Ms R Dowsett

Mr B T Thompson

REGISTERED OFFICE:

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

REGISTERED NUMBER:

09088048 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Tangible assets

3

66,205

75,129

Investment property

4

6,770,249

7,181,433

6,836,454

7,256,562

CURRENT ASSETS

Debtors

12,480

8,657

Cash at bank and in hand

209,410

179,762

221,890

188,419

CREDITORS

Amounts falling due within one year

5,562,941

5,410,444

NET CURRENT LIABILITIES

(5,341,051

)

(5,222,025

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,495,403

2,034,537

PROVISIONS FOR LIABILITIES

97,253

284,824

NET ASSETS

1,398,150

1,749,713

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

345,754

927,991

Retained earnings

1,052,296

821,622

SHAREHOLDERS' FUNDS

1,398,150

1,749,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

Mr G Hardy - Director

1.	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 is measured at the fair value of the consideration received or receivable, 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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

92,410

DEPRECIATION

At 1 April 2024

17,281

Charge for year

8,924

At 31 March 2025

26,205

NET BOOK VALUE

At 31 March 2025

66,205

At 31 March 2024

75,129

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

7,181,433

Additions

358,625

Revaluations

(769,809

)

At 31 March 2025

6,770,249

NET BOOK VALUE

At 31 March 2025

6,770,249

At 31 March 2024

7,181,433

Investment property was valued on an open market basis by the director on 31st March 2025.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

1,432,464

Valuation in 2023

(138,725

)

Valuation in 2025

(769,809

)

Cost

6,246,319

6,770,249