Liberty Partnership Limited - Accounts to registrar (filleted) - small 18.2

Liberty Partnership Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06223376 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2018

for

Liberty Partnership Limited

Liberty Partnership Limited (Registered number: 06223376)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liberty Partnership Limited

Company Information
for the Year Ended 30 June 2018







DIRECTORS: D M Gregg
R P Ash





REGISTERED OFFICE: 104 Church Street
Market Deeping
Peterborough
Cambridgeshire
PE6 8AL





REGISTERED NUMBER: 06223376 (England and Wales)





ACCOUNTANTS: JDB Chartered Certified Accountants
10a
High Street
Market Deeping
Peterborough
Lincolnshire
PE6 8EB

Liberty Partnership Limited (Registered number: 06223376)

Balance Sheet
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,114 81,907
Investments 5 161,600 161,600
244,714 243,507

CURRENT ASSETS
Debtors 6 85,128 134,989
Cash at bank 226,008 215,809
311,136 350,798
CREDITORS
Amounts falling due within one year 7 209,383 240,491
NET CURRENT ASSETS 101,753 110,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,467

353,814

CAPITAL AND RESERVES
Called up share capital 40,100 40,100
Retained earnings 306,367 313,714
SHAREHOLDERS' FUNDS 346,467 353,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 October 2018 and were signed on its behalf by:




D M Gregg - Director



R P Ash - Director


Liberty Partnership Limited (Registered number: 06223376)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Liberty Partnership 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable from commissions earned during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 12 ) .

Liberty Partnership Limited (Registered number: 06223376)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2017 40,058 62,086 102,144
Additions - 9,432 9,432
At 30 June 2018 40,058 71,518 111,576
DEPRECIATION
At 1 July 2017 1,602 18,635 20,237
Charge for year 1,602 6,623 8,225
At 30 June 2018 3,204 25,258 28,462
NET BOOK VALUE
At 30 June 2018 36,854 46,260 83,114
At 30 June 2017 38,456 43,451 81,907

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2017
and 30 June 2018 161,600
NET BOOK VALUE
At 30 June 2018 161,600
At 30 June 2017 161,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by associates 61 -
Other debtors 85,067 134,989
85,128 134,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,958 4,802
Trade creditors 13,753 -
Amounts owed to group undertakings 1,489 1,489
Amounts owed to associates 6,700 179
Taxation and social security 90,532 160,466
Other creditors 94,951 73,555
209,383 240,491

Liberty Partnership Limited (Registered number: 06223376)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included within creditors were the following amounts owing to subsidiary
undertakings :

Intelligent Retirement Solutions Limited £1,489

No interest is being charged in respect of these balances.

Amounts were owing from the Director D Gregg as at 30 June 2018 amounting to £82,782 (2017: £105,073).
In addition there were monies owed to Director R Ash as at 30 June 2018 of £88,917 (2017: £66,186)

No interest is being charged in respect of these balances.