Liberation Build Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08862113

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		161,187		185,388
Investments	5		100		100

			161,287		185,488
CURRENT ASSETS
Debtors	6	20,871,479		19,042,327
Cash at bank and in hand		2,431,278		748,738

		23,302,757		19,791,065
Creditors: Amounts Falling Due Within One Year	7	(1,600,094 )		(822,342 )

NET CURRENT ASSETS (LIABILITIES)			21,702,663		18,968,723

TOTAL ASSETS LESS CURRENT LIABILITIES			21,863,950		19,154,211

PROVISIONS FOR LIABILITIES
Deferred Taxation			(38,410 )		(44,339 )

NET ASSETS			21,825,540		19,109,872

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			21,825,538		19,109,870

SHAREHOLDERS' FUNDS			21,825,540		19,109,872

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Liberation Build Limited

Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L Allum

Director

03/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Liberation Build Limited became a wholly owned subsidiary of Liberation Capital Limited on 4 September 2023.

Liberation Build Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08862113 . The registered office is 30 Leys Gardens, Barnet, Hertfordshire, EN4 9NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of services and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	10% per annum on cost
Fixtures & Fittings	33.33% per annum on cost

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Liberation Build Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Investment in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	228,083	28,390	256,473
Additions	-	8,273	8,273

As at 31 March 2025	228,083	36,663	264,746

Depreciation
As at 1 April 2024	53,357	17,728	71,085
Provided during the period	22,809	9,665	32,474

As at 31 March 2025	76,166	27,393	103,559

Net Book Value
As at 31 March 2025	151,917	9,270	161,187

As at 1 April 2024	174,726	10,662	185,388

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Liberation Build Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	100

As at 31 March 2025	100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

Liberation Spark Limited is a wholly owned subsidiary of Liberation Build Limited.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	173,100	-
Prepayments and accrued income	145,811	89,759
Other debtors	256	243
Liberation Spark- loan to subsidiary	17,499,892	-
Liberation Live- loan to associated company	2,994,627	-
Liberation Capital	49,875	-
Liberation International	461	-
Other taxes and social security	5,605	-
Directors' loan accounts	1,852	2,265

	20,871,479	92,267
Due after more than one year
Liberation Spark- loan owing from subsidiary	-	17,798,124
Liberation Live- loan owing from associated company	-	1,151,936

	-	18,950,060

	20,871,479	19,042,327

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Liberation Build Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	75,048	119,675
Other creditors	987,774	9,523
Taxation and social security	537,272	693,144

	1,600,094	822,342

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangment, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued., any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

10. Reserves

		Retained earnings
		£
At 1 April 2024		19,109,870
Profit for the year		2,790,668
Dividends		(75,000)
		21,825,538

11. Ultimate Controlling Party

The controlling party is Liberation Capital Limited.

The ultimate beneficial owner of the company are Luke Allum and Andrea Gray, as Trustees of The Luke Allum and Andrea Gray 2024 Settlement.

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