Liftlease Limited - Period Ending 2019-01-31

UNIQUE RETAIL GROUP LTD. - Company Information

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Registration number: 04845504

Liftlease Limited

Annual report and Unaudited Financial Statements

for the Year Ended 31 January 2019

Critchleys LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP

Liftlease Limited

Contents

Balance Sheet	1 to 3
Notes to the Financial Statements	2

Liftlease Limited

(Registration number: 04845504)
Balance Sheet as at 31 January 2019

	2019 £	(As restated) 2018 £
Fixed assets	-	4,318
Current assets	44,535	813,450
Prepayments and accrued income	-	222,604
Creditors: Amounts falling due within one year	(1)	(3,115)
Net current assets	44,534	1,032,939
Total assets less current liabilities	44,534	1,037,257
Creditors: Amounts falling due after more than one year	(44,380)	(772,151)
Accruals and deferred income	(1,460)	(287,238)
	(1,306)	(22,132)
Capital and reserves	(1,306)	(22,132)

Page 1

Liftlease Limited

(Registration number: 04845504)
Balance Sheet as at 31 January 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
96 Elizabeth Jennings Way
Oxford
OX2 7BW

These financial statements were authorised for issue by the director on 21 October 2019.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Reclassification of comparative amounts

In the year ended 31 January 2014, Mr Paul Abbott Richards loaned the company AED 4,930,013, which the company subsequently loaned to Safelift LLC, a company registered in the United Arab Emirates. Foreign exchange gains were calculated on the loan to Safelift during the course of its repayment, but equivalent losses were not calculated on the loan payable to Mr Paul Abbot Richards. Therefore the comparative figures have been restated to reflect foreign exchange losses calculated on the director's loan to 31 January 2018.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2018 - 0).

Page 2

Liftlease Limited

(Registration number: 04845504)
Balance Sheet as at 31 January 2019

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 21 October 2019

.........................................

Mr Paul Abbott Richards
Director

Page 3