Lillavision Limited 06526166 false 2022-01-01 2022-08-31 2022-08-31 The principal activity of the company is that of media consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 06526166 2022-01-01 2022-08-31 06526166 2022-08-31 06526166 core:CurrentFinancialInstruments 2022-08-31 06526166 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 06526166 core:FurnitureFittingsToolsEquipment 2022-08-31 06526166 core:MotorVehicles 2022-08-31 06526166 bus:SmallEntities 2022-01-01 2022-08-31 06526166 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-08-31 06526166 bus:FullAccounts 2022-01-01 2022-08-31 06526166 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-08-31 06526166 bus:RegisteredOffice 2022-01-01 2022-08-31 06526166 bus:Director3 2022-01-01 2022-08-31 06526166 bus:Director4 2022-01-01 2022-08-31 06526166 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-08-31 06526166 bus:Agent1 2022-01-01 2022-08-31 06526166 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-08-31 06526166 core:MotorVehicles 2022-01-01 2022-08-31 06526166 countries:EnglandWales 2022-01-01 2022-08-31 06526166 2021-12-31 06526166 core:FurnitureFittingsToolsEquipment 2021-12-31 06526166 core:MotorVehicles 2021-12-31 06526166 2021-01-01 2021-12-31 06526166 2021-12-31 06526166 core:CurrentFinancialInstruments 2021-12-31 06526166 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 06526166 core:FurnitureFittingsToolsEquipment 2021-12-31 06526166 core:MotorVehicles 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06526166 (England and Wales)

Lillavision Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2022 to 31 August 2022

 

Lillavision Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Lillavision Limited

Company Information

Directors

G N Blanksma

O E Walker

Registered office

c/o Mccarthy Tetrault
1 Angel Court
18th Floor
London
EC2R 7HJ

Accountants

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lillavision Limited
for the Period Ended 31 August 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lillavision Limited for the period ended 31 August 2022 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lillavision Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lillavision Limited and state those matters that we have agreed to state to the Board of Directors of Lillavision Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lillavision Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lillavision Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lillavision Limited. You consider that Lillavision Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Lillavision Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

27 November 2023

 

Lillavision Limited

(Registration number: 06526166)
Balance Sheet as at 31 August 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

918

15,153

Investments

5

100

100

 

1,018

15,253

Current assets

 

Debtors

6

1

-

Cash at bank and in hand

 

58,057

55,998

 

58,058

55,998

Creditors: Amounts falling due within one year

7

(82)

(8,592)

Net current assets

 

57,976

47,406

Total assets less current liabilities

 

58,994

62,659

Provisions for liabilities

(145)

(145)

Net assets

 

58,849

62,514

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

58,649

62,314

Shareholders' funds

 

58,849

62,514

For the financial period ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

 

Lillavision Limited

(Registration number: 06526166)
Balance Sheet as at 31 August 2022

.........................................
G N Blanksma
Director

.........................................
O E Walker
Director

 

Lillavision Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 August 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Mccarthy Tetrault
1 Angel Court
18th Floor
London
EC2R 7HJ

These financial statements were authorised for issue by the Board on 27 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fictures , fittings and equipment

25% reducing balance method

Motor vehicles

25% reducing balance method

 

Lillavision Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 August 2022

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Lillavision Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 August 2022

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2022

30,636

2,066

32,702

Disposals

(30,636)

-

(30,636)

At 31 August 2022

-

2,066

2,066

Depreciation

At 1 January 2022

16,646

903

17,549

Charge for the period

100

245

345

Eliminated on disposal

(16,746)

-

(16,746)

At 31 August 2022

-

1,148

1,148

Carrying amount

At 31 August 2022

-

918

918

At 31 December 2021

13,990

1,163

15,153

 

Lillavision Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 August 2022

5

Investments

2022
£

2021
£

Investments in associates

100

100

6

Debtors

Current

2022
£

2021
£

Other debtors

1

-

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

32

-

Taxation and social security

-

40

Other creditors

50

8,552

82

8,592

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

A Ordinary shares of £1 each

100

100

100

100

 

200

200

200

200