Registered number |
Registered number: | |||||||
Statement of Financial Position | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 | ||||||
Current assets | |||||||
Stocks | 5 | ||||||
Debtors | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | ( |
( |
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Creditors: amounts falling due after more than one year | 8 | ( |
( |
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Provisions for liabilities | ( |
( |
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Net assets | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | 10 | ||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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Mr P Borg-Olivier | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Financial Statements | ||||||||
for the year ended |
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1 | Statutory Information | |||||||
Liverpool City Sights Ltd 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. The presentation currency of the financial statements is the Pound Sterling (£). |
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2 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Intangible fixed assets | ||||||||
Tangible fixed assets | ||||||||
Motor Vehicles are measured under the revaluation model, an asset is carried at its fair value (i.e. revalued amount) less any accumulated depreciation and any accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period. |
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Computer equipment | Historical cost model | 15% on cost | ||||||
Plant and machinery etc | Historical cost model | 25% on cost | ||||||
Motor Vehicles | Revaluation model | Restated at open market value | ||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Leased assets | ||||||||
Pensions | ||||||||
3 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2022 | ||||||||
Additions | - | - | ||||||
Surplus on revaluation | - | - | - | - | ||||
Disposals | - | - | - | - | ||||
At 31 March 2023 | ||||||||
Depreciation | ||||||||
At 1 April 2022 | ||||||||
Charge for the year | ||||||||
Surplus on revaluation | - | - | - | - | ||||
On disposals | - | - | - | - | ||||
At 31 March 2023 | ||||||||
Net book value | ||||||||
At 31 March 2023 | ||||||||
At 31 March 2022 | ||||||||
The revaluation method is adopted for Motor Vehicles due to their vintage nature, the valuation method at the end of the reporting period is based on open market values for each asset in this class. The Director, Mr P Borg-Olivier, conducted the valuation as at 31 March 2023 (Mr P Borg-Olivier also conducted the valuation as at 31 March 2022), using reliable third party sources to provide accurate values on the assets held within this classification. | ||||||||
5 | Stocks | 2023 | 2022 | |||||
£ | £ | |||||||
Tour bus headsets | 1,647 | 1,779 | ||||||
Memorabilia branded items | 1,176 | 3,874 | ||||||
Poncho's for customers | - | 557 | ||||||
2,823 | 6,210 | |||||||
6 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Deferred tax asset | - | - | ||||||
Accrued income | - | |||||||
Other debtors | ||||||||
Included in Other debtors for the year ended 31 March 2023 is £7,500 (2022: £7,500) due from Viking Splash Tours Ltd, a Southern Ireland incorporation, Company Reg Number: 690199. Included in Other debtors for the year ended 31 March 2023 is £435,897 (€510,000) (2022: £435,897 (€510,000)) due from Viking Splash Tours Ltd, a Souther Ireland incorporation, Company Reg Number: 690199. |
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7 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | - | |||||||
Corporation tax | - | - | ||||||
Loan notes | - | 58,369 | ||||||
Accruals | - | |||||||
Other taxation and social security costs | ||||||||
Other creditors | ||||||||
8 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
9 | Loans | 2023 | 2022 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Amounts payable otherwise than by instalment falling due for payment within one year | 5,741 | 5,741 | ||||||
Amounts payable otherwise than by instalment falling due for payment between two and five years | 20,000 | 20,000 | ||||||
Amounts payable otherwise than by instalment falling due for payment after more than five years | 17,660 | 25,000 | ||||||
10 | Revaluation reserve | 2023 | 2022 | |||||
£ | £ | |||||||
At 1 April 2022 | ||||||||
Gain on Motor Vehicles Revaluation | - | - | ||||||
At 31 March 2023 | ||||||||
11 | Pension commitments | |||||||
The Company operates a defined contributions pension scheme. The assets of the scheme are held seprarately from those of the Company and are independantly administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,938 (2022: £3,078). Contributions were payable as at 31 March 2022 of £249 (2022: £1,313). | ||||||||
12 | Directors' Advances, Credits and Guarantees | |||||||
2023 | 2022 | |||||||
£ | £ | |||||||
( |
(8,156) | |||||||
Advances in the year | - | (57,841) | ||||||
Amounts repaid | 1,223 | |||||||
Amounts written off | - | - | ||||||
Amounts waived | - | - | ||||||
Balance outstanding at end of year | ( |
(64,774) | ||||||
( |
(19,050) | |||||||
- | (5,337) | |||||||
Amounts repaid | 781 | - | ||||||
Amounts written off | - | - | ||||||
Amounts waived | - | - | ||||||
Balance outstanding at end of year | ( |
(24,387) | ||||||
13 | Related party transactions | |||||||
Mr J Borg-Olivier, is a director of Newsham Park Estates Ltd which is a company registered in England and Wales. Liverpool City Sights Ltd owed Newsham Park Estates Ltd an amount at the Year Ended 31 March 2023 of £680,373, which is held within Other Creditors amounts falling due within one year (2022: £680,373). Mr J Borg-Olivier, is a director of Hollywood Cars Ltd. Liverpool City Sights Ltd owed Hollywood Cars Ltd an amount at the Year Ended 31 March 2023 of £32,203, which is held within Other Creditors amounts falling due within one year (2022: £12,816). Mr J Borg-Olivier, is a director of Impactt Properties Ltd which is a company registered in England and Wales. Liverpool City Sights Ltd is owed from Impactt Properties Ltd an amount at the Year Ended 31 March 2023 of £31,164, which is held within Other Debtors (2022: £31,164). |