REGISTERED NUMBER: 11971478 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MAY 2024 TO 31ST MAY 2025

FOR

LIVINGSTONE RARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A L Burgess

REGISTERED OFFICE:

Unit Egia-Egib Norway Wharf

24 Hertford Road

London

N1 5QT

REGISTERED NUMBER:

11971478 (England and Wales)

ACCOUNTANTS:

NKT Accountants

11 Kings Court

Willie Snaith Road

Newmarket

Suffolk

CB8 7SG

FIXED ASSETS

Intangible assets

4

5,588

5,588

CURRENT ASSETS

Stocks

77,627

55,493

Debtors

5

91,578

23,905

Cash at bank and in hand

19,711

146,215

188,916

225,613

CREDITORS

Amounts falling due within one year

6

55,301

100,041

NET CURRENT ASSETS

133,615

125,572

TOTAL ASSETS LESS CURRENT LIABILITIES

139,203

131,160

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

138,203

130,160

139,203

131,160

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th October 2025 and were signed by:

A L Burgess - Director

1.	STATUTORY INFORMATION

Livingstone Rare 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2024

and 31st May 2025

5,588

NET BOOK VALUE

At 31st May 2025

5,588

At 30th April 2024

5,588

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

30/4/24

£

£

Trade debtors

40,110

8,961

Other debtors

51,468

14,944

91,578

23,905

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

30/4/24

£

£

Trade creditors

52,222

32,832

Taxation and social security

1,931

65,951

Other creditors

1,148

1,258

55,301

100,041