ACCOUNTS - Final Accounts preparation

Registered number: 15943674

LIAZ PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

LIAZ PROPERTIES LTD

REGISTERED NUMBER: 15943674

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025
Note		£

Fixed assets
Investment property			478,076
			478,076
Current assets
Debtors: amounts falling due within one year	5	3,396
Cash at bank and in hand		2,332
		5,728
Creditors: amounts falling due within one year		(158,548)
Net current (liabilities)/assets			(152,820)
Total assets less current liabilities			325,256
Creditors: amounts falling due after more than one year			(333,745)

Net (liabilities)/assets			(8,489)

Capital and reserves
Called up share capital			2
Profit and loss account			(8,491)
			(8,489)

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LIAZ PROPERTIES LTD

REGISTERED NUMBER: 15943674

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Ezgi Cetin

Director

Date: 3 June 2026

The notes on pages 3 to 7 form part of these financial statements.

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LIAZ PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

1.	General information

Liaz Properties Limited is a private company limited by share capital, registered in England and Wales.

The Company's registered address is Watson's House, 120 Nuttall Street, London, N1 5LL.

The Company's registration number is 15943674.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental Income

Revenue is comprised of rental income from investment properties. Rental income is recognised on a straight-line basis over the period to which it relates, even where no formal lease agreement exists. In the absence of a formal lease, management recognises rental income when it has received payment and has an enforceable right to the income, in accordance with FRS 102 Section 23 – Revenue.

The amounts recognised represent rent agreed orally or in practice, and there are no additional significant obligations associated with the rental arrangements. Management applies judgement in assessing the timing and measurement of income in such circumstances.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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LIAZ PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2.

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LIAZ PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	478,076
	At 30 September 2025	478,076


					2025
					£

	Historic cost	478,076
		478,076

Debtors

					2025
					£


	Prepayments and accrued income	3,396
		3,396

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	2,332
		2,332

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LIAZ PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Other creditors	156,388
	Accruals and deferred income	2,160
		158,548

8.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	333,745
		333,745

	The following liabilities were secured:
					2025
					£


	Bank loans	333,745
		333,745

Details of security provided:

The Mortgage Works, holds a fixed charge over the company, including a fixed charge over the investment property, together with a negative pledge.

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LIAZ PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

9.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£




	Amounts falling due after more than 5 years
	Bank loans	333,745
		333,745
		333,745

10.	Related party transactions
	As at the balance sheet, an amount of £156,388 was due to Mr & Mrs M & E Cetin. The balance is included within creditors due within one year, The laon is interest free & repayable on demand.

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