Liquid Investments Limited - Period Ending 2013-05-31

Registration number: 05363851

Liquid Investments Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 May 2013
 

DRP + Co Accountants Limited
Chartered Accountants
Upper Floor
6, St John's Court
Swansea Enterprise Park
Swansea
C & C of Swansea
SA6 8QQ

Liquid Investments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Liquid Investments Limited
(Registration number: 05363851)
Abbreviated Balance Sheet at 31 May 2013

		Note			2013 £			2012 £
Fixed assets
Investments					246,584			246,900
Current assets
Debtors					17,593			13,593
Cash at bank and in hand					265			969
					17,858			14,562
Creditors: Amounts falling due within one year					(7,767)			(5,815)
Net current assets					10,091			8,747
Total assets less current liabilities					256,675			255,647
Creditors: Amounts falling due after more than one year					(250,000)			(250,000)
Net assets					6,675			5,647
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					6,575			5,547
Shareholders' funds					6,675			5,647

For the year ending 31 May 2013 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 her 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 28 November 2014

.........................................
Mrs E J Stephens-Maclennan
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Liquid Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2013
......... 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.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 June 2012		246,900			246,900
Disposals		(316)			(316)
At 31 May 2013		246,584			246,584
Depreciation
At 31 May 2013		-			-
Net book value
At 31 May 2013		246,584			246,584
At 31 May 2012		246,900			246,900

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 2

Liquid Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2013
......... continued

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Significant holdings
Neath Garage Transport & Haulage Co Limited 1, Parc Wern Road, Swansea. SA2 0SE	Ordinary A Shares	47%	Letting of units
Atl;antic Estates (Wales) Limited 1, Parc Wern Road, Swansea. SA2 0SE	Ordinary A Shares	24.93%	Farming Rental Income

The financial period end of Neath Garage Transport & Haulage Co Limited is 31 May 2013. The profit for the financial period of Neath Garage Transport & Haulage Co Limited was £14,770 and the aggregate amount of capital and reserves at the end of the period was £36,267.

The financial period end of Atl;antic Estates (Wales) Limited is 31 May 2013. The profit for the financial period of Atl;antic Estates (Wales) Limited was £1,281 and the aggregate amount of capital and reserves at the end of the period was £208,153.

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2013 £			2012 £
After more than five years by instalments		250,000			250,000

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary A Shares of £1 each		100			100			100			100

Page 3