Libe Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13653469 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Libe Property Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

537,633

CURRENT ASSETS

Debtors

5

14,908

1,314

Cash at bank

59,472

3,355

74,380

4,669

CREDITORS

Amounts falling due within one year

6

624

1,392

NET CURRENT ASSETS

73,756

3,277

TOTAL ASSETS LESS CURRENT
LIABILITIES

611,389

540,910

CREDITORS

Amounts falling due after more than
one year

7

(671,965

)

(542,280

)

PROVISIONS FOR LIABILITIES

(1,733

)

(8,002

)

NET LIABILITIES

(62,309

)

(9,372

)

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

41,552

35,331

Retained earnings

(103,961

)

(44,803

)

SHAREHOLDERS' FUNDS

(62,309

)

(9,372

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2026 and were signed on its behalf by:

Mrs Lina Linnea Monica Karlsson - Director

1.	STATUTORY INFORMATION

Libe Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13653469

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are 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 year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 taxable profits.

Going concern

The company has net liabilities of £62,309. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

537,633

NET BOOK VALUE

At 31 December 2025

537,633

At 31 December 2024

537,633

Investment property situated at 58 The Avenue, Pontygwaith, Ferndale, CF43 3LN is under a charge from Quantum Mortgages Limited. The charge was created on 28th November 2023.

Investment property situated at 5 Carlisle Street, Swinton, Manchester, M27 6EJ is under a charge from Quantum Mortgages Limited. The charge was created on 28th November 2023.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

45,483

Valuation in 2023

(2,150

)

Cost

494,300

537,633

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Other debtors

14,908

1,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Other creditors

624

1,392

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.25

31.12.24

£

Bank loans

191,843

Other creditors

480,122

350,437

671,965

542,280

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

191,843

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Bank loans

191,843

The loan amounting to £80,700 is secured by the way of charge on the property situated at 58 The Avenue, Pontygwaith, Ferndale, CF43 3LN (disclosed as investment property). The charge was created in the name of Quantum Mortgages Limited on 28th November 2023.

The loan amounting to £111,143 is secured by the way of charge on the property situated at 5 Carlisle Street, Swinton, Manchester, M27 6EJ (disclosed as investment property). The charge was created in the name of Quantum Mortgages Limited on 28th November 2023.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

£1

100

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

35,331

Transfer to/from reserve

6,221

At 31 December 2025

41,552

11.	RELATED PARTY DISCLOSURES

The company owes £192,998 SEK 2,407,512 (2024: £144,948 including SEK2,002,850) to its director, Mr Karl Erik Benny Karlsson as at accounting year end date.

The company owes £192,998 SEK 2,407,512 (2024: £144,948 including SEK2,002,850) to its director, Mrs Lina Linnea Monica Karlsson as at accounting year end date.