Liberty Interests Limited - Period Ending 2015-12-31

Registration number: 07786926

Liberty Interests Limited

Unaudited Abbreviated Accounts

for the Period from 1 October 2014 to 31 December 2015

 

Stubbs Parkin Limited
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Liberty Interests Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Liberty Interests Limited
(Registration number: 07786926)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £						30 September 2014 £
	£			£			£			£
Fixed assets
Tangible fixed assets								3,165,299						-
Current assets
Stocks					-						376,075
Debtors					117,225						24,821
Cash at bank and in hand					3,450						1
					120,675						400,897
Creditors: Amounts falling due within one year					(1,322,659)						(400,896)
Net current (liabilities)/assets								(1,201,984)						1
Total assets less current liabilities								1,963,315						1
Creditors: Amounts falling due after more than one year								(1,725,000)						-
Net assets								238,315						1
Capital and reserves
Called up share capital		3			1						1
Profit and loss account					238,314						-
Shareholders' funds								238,315						1

The notes on page 3 form an integral part of these financial statements.
Page 1

Liberty Interests Limited
(Registration number: 07786926)
Abbreviated Balance Sheet at 31 December 2015
......... continued

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 21 December 2016

.........................................
Mr K Tomlinson
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Liberty Interests Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2014 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and Buildings	50 years straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		3,229,897			3,229,897
At 31 December 2015		3,229,897			3,229,897
Depreciation
Charge for the period		64,598			64,598
At 31 December 2015		64,598			64,598
Net book value
At 31 December 2015		3,165,299			3,165,299

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						30 September 2014
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

Page 3