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Company Registration No. 12970394 (England and Wales)
Lillis Properties Limited Unaudited accounts for the year ended 28 February 2023
Lillis Properties Limited Unaudited accounts Contents
Page
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Lillis Properties Limited Company Information for the year ended 28 February 2023
Director
Helen Lillis
Company Number
12970394 (England and Wales)
Registered Office
33 GAINSBOROUGH DRIVE MILE OAK TAMWORTH B78 3PJ ENGLAND
Accountants
Hill Lillis & Company Ltd Chartered Tax Advisers 33 Gainsborough Drive, Mile Oak Tamworth Staffordshire B78 3PJ
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Lillis Properties Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
139 
209 
Investment property
134,033 
134,033 
134,172 
134,242 
Current assets
Cash at bank and in hand
1,150 
260 
Creditors: amounts falling due within one year
(138,913)
(87,621)
Net current liabilities
(137,763)
(87,361)
Total assets less current liabilities
(3,591)
46,881 
Creditors: amounts falling due after more than one year
- 
(54,626)
Net liabilities
(3,591)
(7,745)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,691)
(7,845)
Shareholders' funds
(3,591)
(7,745)
For the year ending 28 February 2023 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 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Helen Lillis Director Company Registration No. 12970394
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Lillis Properties Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Lillis Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12970394. The registered office is 33 GAINSBOROUGH DRIVE, MILE OAK, TAMWORTH, B78 3PJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% flat rate
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
349 
At 28 February 2023
349 
Depreciation
At 1 March 2022
140 
Charge for the year
70 
At 28 February 2023
210 
Net book value
At 28 February 2023
139 
At 28 February 2022
209 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
134,033 
At 28 February 2023
134,033 
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Lillis Properties Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
422 
20,017 
Loans from directors
138,491 
67,604 
138,913 
87,621 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
54,626 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50 
50 
50 B ordinary shares of £1 each
50 
50 
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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