Acorah Software Products - Accounts Production 12.2.108 false true true 11 December 2020 31 December 2021 31 December 2021 13077801 Irsyad Khairil Anuar Arne Scheu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13077801 2020-12-10 13077801 2021-12-31 13077801 2020-12-11 2021-12-31 13077801 frs-core:CurrentFinancialInstruments 2021-12-31 13077801 frs-core:CurrentFinancialInstruments 2020-12-11 2021-12-31 13077801 frs-core:Non-currentFinancialInstruments 2021-12-31 13077801 frs-core:Non-currentFinancialInstruments 2020-12-11 2021-12-31 13077801 frs-core:CurrentFinancialInstruments 2020-12-11 2021-12-31 13077801 frs-core:CurrentFinancialInstruments 2021-12-31 13077801 frs-core:AfterOneYear 2020-12-11 2021-12-31 13077801 frs-core:BetweenOneFiveYears 2020-12-11 2021-12-31 13077801 frs-core:BetweenOneFiveYears 2021-12-31 13077801 frs-core:ComputerEquipment 2021-12-31 13077801 frs-core:ComputerEquipment 2020-12-11 2021-12-31 13077801 frs-core:ComputerEquipment 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Registered number: 13077801
LiliumX Ltd.
Unaudited Financial Statements
For the Period 11 December 2020 to 31 December 2021
Daly Accounting

The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13077801
31 December 2021
Notes £ £
FIXED ASSETS
Intangible Assets 3 80,494
Tangible Assets 4 154,944
235,438
CURRENT ASSETS
Debtors 5 103,121
Cash at bank and in hand 409,307
512,428
Creditors: Amounts Falling Due Within One Year 6 (387,302 )
NET CURRENT ASSETS (LIABILITIES) 125,126
TOTAL ASSETS LESS CURRENT LIABILITIES 360,564
NET ASSETS 360,564
CAPITAL AND RESERVES
Called up share capital 7 5,504
Share premium account 544,856
Profit and Loss Account (189,796 )
SHAREHOLDERS' FUNDS 360,564
Page 1
Page 2
For the period ending 31 December 2021 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Irsyad Khairil Anuar
Director
30th March 2022
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Going Concern Disclosure
The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on the going concern basis.

1.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets represent patent and licence fees. These are amortised to the profit and loss account over the expected duration of the patent or licence.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements over the term of the lease
Plant & Machinery 20% Straight Line basis
Fixtures & Fittings 20% Straight Line basis
Computer Equipment 33% Straight Line basis
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Corporation tax credits are recognised as income in the period necessary to match them with the related costs they are intended to incentivise and when all relevant qualyfing conditions have been met.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
Page 3
Page 4
3. Intangible Assets
Other
£
Cost
As at 11 December 2020 -
Additions 81,450
As at 31 December 2021 81,450
Amortisation
As at 11 December 2020 -
Provided during the period 956
As at 31 December 2021 956
Net Book Value
As at 31 December 2021 80,494
As at 11 December 2020 -
4. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 11 December 2020 - - - - -
Additions 34,923 123,458 430 689 159,500
As at 31 December 2021 34,923 123,458 430 689 159,500
Depreciation
As at 11 December 2020 - - - - -
Provided during the period 36 4,467 36 17 4,556
As at 31 December 2021 36 4,467 36 17 4,556
Net Book Value
As at 31 December 2021 34,887 118,991 394 672 154,944
As at 11 December 2020 - - - - -
5. Debtors
31 December 2021
£
Due within one year
Prepayments and accrued income 6,677
Other debtors 11,264
Corporation tax recoverable assets 46,685
VAT 38,495
103,121
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 7,531
Other taxes and social security 5,137
Amounts owed to group undertakings 374,634
387,302
7. Share Capital
31 December 2021
Allotted, Called up and fully paid 5,504
Value Number 31 December 2021
Allotted, called up and fully paid £ £
Ordinary Shares 0.01 550361 5,504
Nominal value Number Amount
Shares issued during the period: £ £
Ordinary Shares 0.01 550361 5,504
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
31 December 2021
£
Within 1 year 14,792
14,792
9. Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is LiliumX Inc., a company incorporated in the United States of America.
The directors consider there to be no ultimate controlling party.
10. General Information
LiliumX Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 13077801 . The registered office is 36 Butleigh House, Healum Avenue, Southall, UB2 4WL.
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