REGISTERED NUMBER: 15905009 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19 AUGUST 2024 TO 31 JANUARY 2026

FOR

LIBERTAS ASSETS LTD

FIXED ASSETS

Tangible assets

4

52,296

Investment property

5

634,343

686,639

CURRENT ASSETS

Cash at bank

6,297

CREDITORS

Amounts falling due within one year

387,747

NET CURRENT LIABILITIES

(381,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

305,189

CREDITORS

Amounts falling due after more than one year

6

425,085

NET LIABILITIES

(119,896

)

CAPITAL AND RESERVES

Called up share capital

103

Retained earnings

(119,999

)

(119,896

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 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.

All the members have consented to the preparation of an abridged Balance sheet for the period ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 May 2026 and were signed by:

J-P Pape - Director

1.	STATUTORY INFORMATION

Libertas Assets Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 15905009 and the registered office is 30A Elm Hill, Norwich, NR3 1HG. The presentation currency of the financial statements is sterling.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

58,106

At 31 January 2026

58,106

DEPRECIATION

Charge for period

5,810

At 31 January 2026

5,810

NET BOOK VALUE

At 31 January 2026

52,296

5.	INVESTMENT PROPERTY

Total

£

COST

Additions

634,343

At 31 January 2026

634,343

NET BOOK VALUE

At 31 January 2026

634,343

The company acquired investment properties during the year. As there has been no significant change in market conditions, it is considered that there has been no material change to their value since acquisition. Therefore, the properties are carried at their cost as at the balance sheet date.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

£

Repayable otherwise than by instalments

Mortgages

425,085

7.	SECURED DEBTS

The company has borrowings secured against its investment properties.