Livewire Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11236330 (England and Wales)

Unaudited Financial Statements

for the Period 6 March 2018 to 31 May 2019

for

Livewire Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K P Long

Ms. K Palmer

REGISTERED OFFICE:

Building 1

Chalfont Park

Gerrards Cross

Bucks.

SL9 0BG

REGISTERED NUMBER:

11236330 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Investments

4

682,954

CURRENT ASSETS

Cash at bank

301

CREDITORS

Amounts falling due within one year

5

534,151

NET CURRENT LIABILITIES

(533,850

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,104

CAPITAL AND RESERVES

Called up share capital

6

1,000

Retained earnings

7

148,104

SHAREHOLDERS' FUNDS

149,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2019 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 9 September 2019 and were signed on its behalf by:

K P Long - Director

1.	STATUTORY INFORMATION

Livewire Holdings 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

682,954

At 31 May 2019

682,954

NET BOOK VALUE

At 31 May 2019

682,954

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Livewire Editorial Communications Limited

Registered office: in the UK

Nature of business: communication and journalistic services

%

Class of shares:

holding

Ordinary (A-I)

100.00

31.5.19

£

Aggregate capital and reserves

588,990

Profit for the period

373,906

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

394,840

Taxation and social security

254

Other creditors

139,057

534,151

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

£1

1,000

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.

RESERVES

Retained

earnings

£

Profit for the period

301,084

Dividends

(152,980

)

At 31 May 2019

148,104

8.	RELATED PARTY DISCLOSURES

During the period the directors, in their capacity as shareholders, have received dividends amounting to

£152,980.