IRIS Accounts Production v23.3.1.45 12498188 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124981882022-03-31124981882023-03-31124981882022-04-012023-03-31124981882021-03-31124981882021-04-012022-03-31124981882022-03-3112498188ns10:Originalns15:EnglandWales2022-04-012023-03-3112498188ns14:PoundSterlingns10:Original2022-04-012023-03-3112498188ns10:Originalns10:Director12022-04-012023-03-3112498188ns10:Original2022-04-012023-03-3112498188ns10:Original2023-03-3112498188ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3112498188ns10:Originalns10:SmallEntities2022-04-012023-03-3112498188ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3112498188ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112498188ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3112498188ns10:Originalns10:FullAccounts2022-04-012023-03-3112498188ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3112498188ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3112498188ns10:Originalns10:OrdinaryShareClass112022-04-012023-03-31124981882ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3112498188ns10:Originalns10:RegisteredOffice2022-04-012023-03-3112498188ns10:Original2022-03-3112498188ns10:Originalns5:CurrentFinancialInstruments2023-03-3112498188ns10:Originalns5:CurrentFinancialInstruments2022-03-3112498188ns5:ShareCapitalns10:Original2023-03-3112498188ns5:ShareCapitalns10:Original2022-03-3112498188ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3112498188ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112498188ns10:Original2021-04-012022-03-3112498188ns10:Originalns5:ListedExchangeTradedns5:CostValuation2022-03-3112498188ns10:Originalns5:ListedExchangeTradedns5:AdditionsToInvestments2023-03-3112498188ns10:Originalns5:DisposalsRepaymentsInvestmentsns5:ListedExchangeTraded2023-03-3112498188ns10:Originalns5:ListedExchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2023-03-3112498188ns10:Originalns5:ListedExchangeTradedns5:CostValuation2023-03-3112498188ns10:Originalns5:ListedExchangeTraded2023-03-3112498188ns10:Originalns5:ListedExchangeTraded2022-03-3112498188ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112498188ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3112498188ns10:Originalns10:OrdinaryShareClass12023-03-3112498188ns10:Originalns10:OrdinaryShareClass22023-03-3112498188ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112498188ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 12498188 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

LIMECELLO LIMITED

LIMECELLO LIMITED (REGISTERED NUMBER: 12498188)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIMECELLO LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr E C Tully





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 12498188 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

LIMECELLO LIMITED (REGISTERED NUMBER: 12498188)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investments 4 1,057,911 972,898

CURRENT ASSETS
Stocks 455,152 355,152
Debtors 5 3,666,426 1,213,980
Cash at bank 4,578,457 6,177,241
8,700,035 7,746,373
CREDITORS
Amounts falling due within one year 6 (1,912,141 ) (2,688,632 )
NET CURRENT ASSETS 6,787,894 5,057,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,845,805

6,030,639

CAPITAL AND RESERVES
Called up share capital 7 100 1
Retained earnings 8 7,845,705 6,030,638
SHAREHOLDERS' FUNDS 7,845,805 6,030,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Mr E C Tully - Director


LIMECELLO LIMITED (REGISTERED NUMBER: 12498188)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Limecello Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

31.3.23 31.3.22
£    £   
Other investments not loans 1,057,911 972,898

LIMECELLO LIMITED (REGISTERED NUMBER: 12498188)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 442,281
Additions 57,300
Disposals (163,306 )
Revaluations 191,019
At 31 March 2023 527,294
NET BOOK VALUE
At 31 March 2023 527,294
At 31 March 2022 442,281

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2022 34,394
Valuation in 2023 191,019
Cost 301,881
527,294

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Classic instruments 6,588 6,588
Classic cars 524,029 524,029
530,617 530,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by participating interests 3,294,069 794,069
Other debtors 372,357 419,911
3,666,426 1,213,980

LIMECELLO LIMITED (REGISTERED NUMBER: 12498188)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,518,266 1,569,178
Other creditors 393,875 1,119,454
1,912,141 2,688,632

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
90 Ordinary £1 90 1
10 Ordinary B £1 10 -
100 1

The following shares were issued during the year for cash at par :

89 Ordinary shares of £1
10 Ordinary B shares of £1

8. RESERVES
Retained
earnings
£   

At 1 April 2022 6,030,638
Profit for the year 1,921,067
Dividends (106,000 )
At 31 March 2023 7,845,705

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £106,000 (2022 - £950,000) were paid to the director .