Liberare Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03934819 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Liberare Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B M Rogers

M J M Rogers

SECRETARY:

M J M Rogers

REGISTERED OFFICE:

1st Floor, Cromwell House

14 Fulwood Place

London

WC1V 6HZ

REGISTERED NUMBER:

03934819 (England and Wales)

ACCOUNTANTS:

Gorrie Whitson Limited

1st Floor, Cromwell House

14 Fulwood Place

London

WC1V 6HZ

FIXED ASSETS

Tangible assets

4

2,504

2,091

Investments

5

4,371

4,371

6,875

6,462

CURRENT ASSETS

Debtors

-

4,568

Cash at bank

60,592

10,502

60,592

15,070

CREDITORS

Amounts falling due within one year

25,792

20,447

NET CURRENT ASSETS/(LIABILITIES)

34,800

(5,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,675

1,085

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

40,675

85

SHAREHOLDERS' FUNDS

41,675

1,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 March 2023 and were signed on its behalf by:

B M Rogers - Director

1.	STATUTORY INFORMATION

Liberare 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 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.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

18,036

Additions

1,249

At 31 March 2022

19,285

DEPRECIATION

At 1 April 2021

15,945

Charge for year

836

At 31 March 2022

16,781

NET BOOK VALUE

At 31 March 2022

2,504

At 31 March 2021

2,091

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2021

and 31 March 2022

4,371

NET BOOK VALUE

At 31 March 2022

4,371

At 31 March 2021

4,371

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

B M Rogers and M J M Rogers

Balance outstanding at start of year

3,233

12,038

Amounts advanced

-

22,195

Amounts repaid

(3,233

)

(31,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,233

Mr and Mrs Rogers repaid the above balance to the company in full after the year-end.

7.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.