Live Wire Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05839616 (England and Wales)

LIVE WIRE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A M Kounnis

Mrs G Kounnis

SECRETARY:

Mrs G Kounnis

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

05839616 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investments

3

2,030,970

2,030,970

CURRENT ASSETS

Debtors

4

131,588

102,337

CREDITORS

Amounts falling due within one year

5

1,021,978

1,143,714

NET CURRENT LIABILITIES

(890,390

)

(1,041,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,580

989,593

CAPITAL AND RESERVES

Called up share capital

6

102

102

Revaluation reserve

7

99,988

99,988

Retained earnings

7

1,040,490

889,503

SHAREHOLDERS' FUNDS

1,140,580

989,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 10 June 2017 and were signed on its behalf by:

Mr A M Kounnis - Director

1.	STATUTORY INFORMATION

Live Wire Investments 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.

3.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 April 2016

and 31 March 2017

2,030,970

NET BOOK VALUE

At 31 March 2017

2,030,970

At 31 March 2016

2,030,970

Cost or valuation at 31 March 2017 is represented by:

Unlisted

investments

£

Valuation in 2016

99,988

Cost

1,930,982

2,030,970

If Fixed asset investments had not been revalued they would have been included at the following historical cost:

2017

2016

£

£

Cost

1,930,982

1,930,982

Fixed asset investments were valued on an open market basis on 31 March 2016 by the Directors .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

131,588

102,337

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

39,600

39,600

Directors' current accounts

982,378

1,104,114

1,021,978

1,143,714

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary 'A'

£1

1

1

1

Ordianry 'B'

£1

1

1

102

102

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2016

889,503

99,988

989,491

Profit for the year

160,987

160,987

Dividends

(10,000

)

(10,000

)

At 31 March 2017

1,040,490

99,988

1,140,478

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2016 - £23,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

Due to the share structure, there is no overall control by any one individual.