LiveIn Quarters Limited - Accounts to registrar (filleted) - small 18.2

LiveIn Quarters Limited - Accounts to registrar (filleted) - small 18.2

LIVEIN QUARTERS LIMITED - Company Information

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REGISTERED NUMBER: 03868543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

LIVEIN QUARTERS LIMITED

LIVEIN QUARTERS LIMITED (REGISTERED NUMBER: 03868543)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


LIVEIN QUARTERS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2018







DIRECTORS: J Wright Snr
J Wright Jnr





SECRETARY: L C Wright





REGISTERED OFFICE: London Accommodation Centre
190 Hornsey Road
London
N7 7LN





REGISTERED NUMBER: 03868543 (England and Wales)
Page 1
LIVEIN QUARTERS LIMITED (REGISTERED NUMBER: 03868543)

ABRIDGED BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 49,034 53,775
Investments 4 100 100
Investment property 5 15,536,479 15,536,479
15,585,613 15,590,354

CURRENT ASSETS
Debtors 1,752,897 873,526
Cash in hand 5,747 12,449
1,758,644 885,975
CREDITORS
Amounts falling due within one year 9,865,690 9,142,770
NET CURRENT LIABILITIES (8,107,046 ) (8,256,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,478,567 7,333,559

PROVISIONS FOR LIABILITIES 1,309,216 1,309,212
NET ASSETS 6,169,351 6,024,347

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 6,119,351 5,974,347
SHAREHOLDERS' FUNDS 6,169,351 6,024,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2018 and were signed on its behalf by:



J Wright Snr - Director


The notes form part of these financial statements

Page 2
LIVEIN QUARTERS LIMITED (REGISTERED NUMBER: 03868543)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018


1. STATUTORY INFORMATION

LiveIn Quarters 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller 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 as modified by the revaluation of certain fixed
assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries
within the group.

Turnover
Turnover represents rent received from investment properties, excluding value added tax. Turnover is recognised as the right to
consideration arises and adjustments are made for accrued and deferred income.

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 equipment - 33% on cost, 25% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account.
Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate
expected to apply when the property is sold.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial
instruments are recognised at amortised cost, except for investments in shares which are measured at fair value. At the end of each
reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting
periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of
current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Page 3 continued...
LIVEIN QUARTERS LIMITED (REGISTERED NUMBER: 03868543)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 135,349
Additions 3,846
At 31 March 2018 139,195
DEPRECIATION
At 1 April 2017 81,574
Charge for year 8,587
At 31 March 2018 90,161
NET BOOK VALUE
At 31 March 2018 49,034
At 31 March 2017 53,775

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2017
and 31 March 2018 100
NET BOOK VALUE
At 31 March 2018 100
At 31 March 2017 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 15,536,479
NET BOOK VALUE
At 31 March 2018 15,536,479
At 31 March 2017 15,536,479

Page 4 continued...
LIVEIN QUARTERS LIMITED (REGISTERED NUMBER: 03868543)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2017 1,090,000
Valuation in 2016 1,388,233
Valuation in 2015 (4,168 )
Valuation in 2014 1,387,719
Valuation in 2013 (351,990 )
Valuation in 2012 196,606
Valuation in 2011 169,154
Valuation in 2010 1,728,254
Valuation in 2009 (1,135,000 )
Valuation in 2006 2,399,385
Cost 8,668,286
15,536,479

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2018, a director had loaned the company £6,601 (2017 - £159,963). There is no interest due on the loan and it is
repayable on demand.

Page 5