REGISTERED NUMBER: 08429990 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LIBERTY DEVELOPMENTS SOUTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

G A J MacDonell

REGISTERED OFFICE:

Chyngton

Winchester Road

Ropley

Hampshire

SO24 0BS

REGISTERED NUMBER:

08429990 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Tangible assets

4

22,212

28,192

Investments

5

41,517

38,789

63,729

66,981

CURRENT ASSETS

Debtors

6

49,873

43,977

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

43,116

40,409

NET CURRENT ASSETS

6,757

3,568

TOTAL ASSETS LESS CURRENT LIABILITIES

70,486

70,549

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(34,926

)

(45,121

)

PROVISIONS FOR LIABILITIES

9

(4,220

)

(156

)

NET ASSETS

31,340

25,272

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,240

25,172

SHAREHOLDERS' FUNDS

31,340

25,272

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 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 1 September 2025 and were signed by:

G A J MacDonell - Director

1.	STATUTORY INFORMATION

Liberty Developments South 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sale of goods and services, excluding value added tax, together with an amount calculated by reference to the value of work performed to date as a proportion of the total contract value, where applicable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

34,120

593

34,713

DEPRECIATION

At 1 April 2024

5,969

552

6,521

Charge for year

5,969

11

5,980

At 31 March 2025

11,938

563

12,501

NET BOOK VALUE

At 31 March 2025

22,182

30

22,212

At 31 March 2024

28,151

41

28,192

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

34,120

DEPRECIATION

At 1 April 2024

5,969

Charge for year

5,969

At 31 March 2025

11,938

NET BOOK VALUE

At 31 March 2025

22,182

At 31 March 2024

28,151

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

38,789

Disposals

(3,504

)

Revaluations

6,232

At 31 March 2025

41,517

NET BOOK VALUE

At 31 March 2025

41,517

At 31 March 2024

38,789

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2023

14,921

Valuation in 2025

6,232

Cost

20,364

41,517

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,942

5,895

Other debtors

37,931

38,082

49,873

43,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,834

15,861

Finance leases

4,973

4,973

Trade creditors

15,381

9,447

Taxation and social security

6,344

6,970

Other creditors

3,584

3,158

43,116

40,409

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

22,194

27,416

Finance leases

12,732

17,705

34,926

45,121

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,220

156

Deferred

tax

£

Balance at 1 April 2024

156

Provided during year

4,064

Balance at 31 March 2025

4,220

10.	RELATED PARTY DISCLOSURES

The balance owed to the company by the directors at the year end totals £27,344 (2024: £24,127).

Interest has been charged on the loan at the official rate where applicable.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Liberty Developments South Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Liberty Developments South Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liberty Developments South Limited and state those matters that we have agreed to state to the director of Liberty Developments South Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Liberty Developments South Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Liberty Developments South Limited. You consider that Liberty Developments South Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Liberty Developments South Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

1 September 2025