LiveIn Quarters Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03868543 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

LiveIn Quarters Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Wright Snr

J Wright Jnr

REGISTERED OFFICE:

190 Hornsey Road

London

N7 7LN

REGISTERED NUMBER:

03868543 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

41,734

39,785

Investments

6

100

Investment property

7

15,330,119

15,191,755

15,371,953

15,231,640

CURRENT ASSETS

Debtors

8

3,670,707

4,010,520

Cash at bank

2,039

1,362

3,672,746

4,011,882

CREDITORS

Amounts falling due within one year

9

(12,366,310

)

(12,490,304

)

NET CURRENT LIABILITIES

(8,693,564

)

(8,478,422

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,678,389

6,753,218

PROVISIONS FOR LIABILITIES

(837,784

)

(837,784

)

NET ASSETS

5,840,605

5,915,434

CAPITAL AND RESERVES

Called up share capital

50,000

Fair value reserve

5,517,869

Retained earnings

272,736

347,565

SHAREHOLDERS' FUNDS

5,840,605

5,915,434

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

J Wright Snr - Director

1.	STATUTORY INFORMATION

LiveIn Quarters Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

In assessing the ability of the Company to continue to trade as a going concern, the directors have considered the Company's deficiency of net current assets. Included within current liabilities is a loan of £11,323,058 (2025 - £11,387,757) owed to a related party, LAC Holdings Limited. Although due on demand, the directors are of the view that demand for repayment of this amount will not be made whilst the Company is in need of the funds to meet its obligations as they fall due. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents rent received from investment properties, excluding value added tax. Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit and loss account. Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

Cost

At 1 April 2025

133,391

25,221

158,612

Additions

10,669

-

10,669

At 31 March 2026

144,060

25,221

169,281

Depreciation

At 1 April 2025

93,606

25,221

118,827

Charge for year

8,720

-

8,720

At 31 March 2026

102,326

25,221

127,547

Net book value

At 31 March 2026

41,734

-

41,734

At 31 March 2025

39,785

-

39,785

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 April 2025

and 31 March 2026

100

Net book value

At 31 March 2026

100

At 31 March 2025

100

7.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2025

15,191,755

Additions

138,364

At 31 March 2026

15,330,119

Net book value

At 31 March 2026

15,330,119

At 31 March 2025

15,191,755

Fair value at 31 March 2026 is represented by:

£

Valuation in 2011

3,161,793

Valuation in 2012

196,606

Valuation in 2013

(351,990

)

Valuation in 2014

1,387,719

Valuation in 2015

(4,168

)

Valuation in 2016

1,363,411

Valuation in 2017

1,090,000

Valuation in 2019

(834,742

)

Valuation in 2021

248,973

Valuation in 2024

89,007

Cost

8,983,510

15,330,119

If investment property had not been revalued it would have been included at the following historical cost:

31/3/26

31/3/25

£

Cost

8,983,510

8,845,146

Investment property was valued on an open market basis on 31 March 2026 by the Directors .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Trade debtors

1,636

1,831

Amounts owed by associates

3,570,535

3,969,428

Other debtors

98,536

39,261

3,670,707

4,010,520

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Trade creditors

8,773

36,993

Amounts owed to group undertakings

801,248

901,248

Amounts owed to associates

11,365,694

Taxation and social security

15,205

57,653

Other creditors

175,390

128,716

12,366,310

12,490,304

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/26

31/3/25

£

Within one year

7,353

Between one and five years

1,839

9,192

16,545

11.	SECURED DEBTS

Arbuthnot Latham & Co. Limited hold a fixed charges over all of the company's investment properties in respect of a facility agreement provided to LAC Property Limited.