REGISTERED NUMBER: 15795978 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

LiveLife Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,375

7,014

Investment property

5

849,772

822,978

855,147

829,992

CURRENT ASSETS

Cash at bank

2,068

13,344

CREDITORS

Amounts falling due within one year

6

453,301

428,790

NET CURRENT LIABILITIES

(451,233

)

(415,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

403,914

414,546

CREDITORS

Amounts falling due after more than one year

7

(459,839

)

(459,907

)

PROVISIONS FOR LIABILITIES

9

(1,021

)

-

NET LIABILITIES

(56,946

)

(45,361

)

CAPITAL AND RESERVES

Called up share capital

10

400

400

Retained earnings

(57,346

)

(45,761

)

SHAREHOLDERS' FUNDS

(56,946

)

(45,361

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by:

Mrs L Palmer - Director

1.	STATUTORY INFORMATION

LiveLife Developments Limited 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:

15795978

Registered office:

C/o Echo Tax Spaces Manchester

Peter House, Oxford Street

Manchester

United Kingdom

M1 5AN

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 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2025

and 30 June 2026

5,354

2,269

7,623

DEPRECIATION

At 1 July 2025

254

355

609

Charge for year

1,071

568

1,639

At 30 June 2026

1,325

923

2,248

NET BOOK VALUE

At 30 June 2026

4,029

1,346

5,375

At 30 June 2025

5,100

1,914

7,014

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2025

822,978

Additions

26,794

At 30 June 2026

849,772

NET BOOK VALUE

At 30 June 2026

849,772

At 30 June 2025

822,978

Fair value at 30 June 2026 is represented by:

£

Valuation in 2025

822,978

Valuation in 2026

26,794

849,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Hire purchase contracts

2,413

4,826

Tax

-

2

Social security and other taxes

568

-

Directors' current accounts

449,600

423,242

Accrued expenses

720

720

453,301

428,790

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.26

30.6.25

£

£

Bank loans (see note 8)

446,197

446,265

Hire purchase contracts

13,642

13,642

459,839

459,907

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

446,197

446,265

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.26

30.6.25

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

446,197

446,265

9.	PROVISIONS FOR LIABILITIES

30.6.26

30.6.25

£

£

Deferred tax

1,021

-

Deferred

tax

£

Provided during year

1,021

Balance at 30 June 2026

1,021

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

30.6.25

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

400

400

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 June 2026 and the period ended 30 June 2025:

30.6.26

30.6.25

£

£

Mrs L Palmer and T M Palmer

Balance outstanding at start of year

(423,242

)

-

Amounts advanced

1,710

400

Amounts repaid

(28,068

)

(423,642

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(449,600

)

(423,242

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.