Registration number: 06509075

Liquid (UK) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Liquid (UK) Limited

Company Information

Directors

Mrs J Pearson Mr M Pearson

Company secretary

Mrs J Pearson

Registered office

Centre House GEMBLING DRIFFIELD East Yorkshire YO25 8HS

Liquid (UK) Limited

(Registration number: 06509075)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	300,000	300,000
		300,000	300,000
Current assets
Debtors	5	57,952	118,751
Cash at bank and in hand		51,666	47,964
		109,618	166,715
Creditors: Amounts falling due within one year	6	(3,577)	(2,710)
Net current assets		106,041	164,005
Total assets less current liabilities		406,041	464,005
Provisions for liabilities		(3,911)	(3,755)
Net assets		402,130	460,250
Capital and reserves
Called up share capital		100	100
Other reserves		60,722	60,722
Retained earnings		341,308	399,428
Shareholders' funds		402,130	460,250

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... Mr M Pearson Director

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Centre House
GEMBLING
DRIFFIELD
East Yorkshire
YO25 8HS

These financial statements were authorised for issue by the Board on 28 November 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 29 February	300,000
At 28 February	300,000

5

Debtors

	2025 £	2024 £
Prepayments	545	505
Other debtors	57,407	118,246
	57,952	118,751

Liquid (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	1,927	1,135
Accruals and deferred income	1,650	1,575
	3,577	2,710

7	Related party transactions

Transactions with directors

2025	At 29 February 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mr M Pearson
Directors Loan Account	118,245	40,540	(101,377)	57,408

2024	At 1 March 2023 £	Advances to director £	Repayments by director £	At 28 February 2024 £
Mr M Pearson
Directors Loan Account	100,883	17,441	(79)	118,245