ACCOUNTS - Final Accounts

WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED - Company Information

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Registered number: 04732758

WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

REGISTERED NUMBER: 04732758

BALANCE SHEET

AS AT 31 MARCH 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		1		1
			1		1
Current assets
Debtors: amounts falling due within one year	5	30,516		29,995
Cash at bank and in hand	6	22		22
		30,538		30,017
Creditors: amounts falling due within one year	7	(9,800)		(8,899)
Net current assets			20,738		21,118
Total assets less current liabilities			20,739		21,119

Net assets			20,739		21,119

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WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

REGISTERED NUMBER: 04732758

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2020

	2020	2019
Note	£	£

Capital and reserves
Called up share capital	22	22
Profit and loss account	20,717	21,097
	20,739	21,119

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2021.

P. S. Bibby

Director

The notes on pages 3 to 6 form part of these financial statements.

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WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.	General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 04732758). The address of the registered office is The Plaza, 11th Floor, 100 Old Hall Street, Liverpool, L3 9QJ .
These financial statements present information about the company as an individual undertaking. It is not a member of a group of companies. The principal activity of the company is that of the management of the properties known as Wavertree Business Village.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

L/Term Leasehold Property

over the period of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 0 (2019 - 0).

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WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

4.	Tangible fixed assets

		L/Term Leasehold Property
		£
	Cost or valuation
	At 1 April 2019	1
	At 31 March 2020	1

	Net book value
	At 31 March 2020	1
	At 31 March 2019	1

The net book value of land and buildings may be further analysed as follows:
	2020	2019
	£	£

Long leasehold	1	1
	1	1

Debtors

					2020	2019
					£	£


Trade debtors	7,300	8,600
Other debtors - balance held by agent	21,001	21,219
Prepayments and accrued income	2,215	176
	30,516	29,995

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WAVERTREE BUSINESS VILLAGE (LIVERPOOL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

6.	Cash and cash equivalents
		2020	2019
		£	£

Cash at bank and in hand	22	22
	22	22

7.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Accruals and deferred income	9,800	8,899
	9,800	8,899

8.	Controlling party

The company is not controlled by any individual shareholder.

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