Company registration number 05677836 (England and Wales)
LIVE NORTH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LIVE NORTH LIMITED
COMPANY INFORMATION
Directors
Mr V Vedhara
Mr A Vedhara
Dr K Baldwin
Secretary
Mr V Vedhara
Company number
05677836
Registered office
5 Highfield Road
Westerhope
Newcastle upon Tyne
NE5 5HS
Accountants
Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE2 1TJ
LIVE NORTH LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LIVE NORTH LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
618
235
Investment property
4
1,232,255
1,232,255
1,232,873
1,232,490
Current assets
Cash at bank and in hand
30,471
27,904
Creditors: amounts falling due within one year
5
(37,920)
(4,737)
Net current (liabilities)/assets
(7,449)
23,167
Total assets less current liabilities
1,225,424
1,255,657
Creditors: amounts falling due after more than one year
6
(810,000)
(895,000)
Provisions for liabilities
7
(155)
(212)
Net assets
415,269
360,445
Capital and reserves
Called up share capital
9
3
3
Profit and loss reserves
415,266
360,442
Total equity
415,269
360,445
LIVE NORTH LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 23 December 2025 and are signed on its behalf by:
Mr V Vedhara
Director
Company registration number 05677836 (England and Wales)
LIVE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Live North Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Highfield Road, Westerhope, Newcastle upon Tyne, NE5 5HS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in UK sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover represents rents receivable in accordance with the underlying property leases and exclusive of Value Added Tax where there are options to tax on properties.

Lease incentives (such as rent free periods) are spread over the entire period of the lease.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of £1,232,255 and fair value movement of £Nil included in the profit/loss for the year are as follows:

The investment property has been valued at fair value based on estimates by the directors

LIVE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

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 profits.

1.10

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.11

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

LIVE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Office equipment
£
Cost
At 1 April 2024
2,580
Additions
599
At 31 March 2025
3,179
Depreciation and impairment
At 1 April 2024
2,345
Depreciation charged in the year
216
At 31 March 2025
2,561
Carrying amount
At 31 March 2025
618
At 31 March 2024
235
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,232,255
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
23,967
-
0
Other taxation and social security
8,478
2,187
Other creditors
2,000
1,000
Accruals and deferred income
3,475
1,550
37,920
4,737
LIVE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
810,000
895,000
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
8
155
212
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
155
212
2025
Movements in the year:
£
Liability at 1 April 2024
212
Credit to profit or loss
(57)
Liability at 31 March 2025
155
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3
3
3
3
10
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
660,000
720,000
Other related parties
150,000
175,000
2025-03-31 2024-04-01 false false false 24 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Vedhara Dr K Baldwin Dr Kavita Baldwin Mr V Vedhara 05677836 2024-04-01 2025-03-31 05677836 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 05677836 bus:Director1 2024-04-01 2025-03-31 05677836 bus:Director2 2024-04-01 2025-03-31 05677836 bus:CompanySecretary1 2024-04-01 2025-03-31 05677836 bus:Director3 2024-04-01 2025-03-31 05677836 bus:RegisteredOffice 2024-04-01 2025-03-31 05677836 2025-03-31 05677836 2024-03-31 05677836 core:FurnitureFittings 2025-03-31 05677836 core:FurnitureFittings 2024-03-31 05677836 core:CurrentFinancialInstruments 2025-03-31 05677836 core:CurrentFinancialInstruments 2024-03-31 05677836 core:Non-currentFinancialInstruments 2025-03-31 05677836 core:Non-currentFinancialInstruments 2024-03-31 05677836 core:ShareCapital 2025-03-31 05677836 core:ShareCapital 2024-03-31 05677836 core:RetainedEarningsAccumulatedLosses 2025-03-31 05677836 core:RetainedEarningsAccumulatedLosses 2024-03-31 05677836 core:ShareCapitalOrdinaryShareClass1 2025-03-31 05677836 core:ShareCapitalOrdinaryShareClass1 2024-03-31 05677836 core:FurnitureFittings 2024-04-01 2025-03-31 05677836 2023-04-01 2024-03-31 05677836 core:FurnitureFittings 2024-03-31 05677836 2024-03-31 05677836 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05677836 bus:OrdinaryShareClass1 2025-03-31 05677836 bus:OrdinaryShareClass1 2024-03-31 05677836 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05677836 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05677836 bus:FRS102 2024-04-01 2025-03-31 05677836 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05677836 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP