Liberare Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03934819 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Liberare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

3,961

2,504

Investments

5

4,371

4,371

8,332

6,875

CURRENT ASSETS

Cash at bank

133,980

60,592

CREDITORS

Amounts falling due within one year

6

29,632

25,792

NET CURRENT ASSETS

104,348

34,800

TOTAL ASSETS LESS CURRENT LIABILITIES

112,680

41,675

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

111,680

40,675

SHAREHOLDERS' FUNDS

112,680

41,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 February 2024 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 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

1,264

18,021

19,285

Additions

-

2,776

2,776

At 31 March 2023

1,264

20,797

22,061

DEPRECIATION

At 1 April 2022

1,189

15,592

16,781

Charge for year

18

1,301

1,319

At 31 March 2023

1,207

16,893

18,100

NET BOOK VALUE

At 31 March 2023

57

3,904

3,961

At 31 March 2022

75

2,429

2,504

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

4,371

NET BOOK VALUE

At 31 March 2023

4,371

At 31 March 2022

4,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Corporation tax payable

24,694

10,793

Social security and other taxes

289

-

VAT

1,023

697

Credit card

987

1,116

Directors' current accounts

955

11,987

Accrued expenses

1,684

1,199

29,632

25,792

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

B M Rogers and M J M Rogers

Balance outstanding at start of year

-

3,233

Amounts repaid

-

(3,233

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

8.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.