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LILJA CAPITAL ADVISORY PARTNERS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Lilja Capital Advisory Partners Limited is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD and its business address is at 53 Davies Street, London W1K 5JH.
The principal activity of the company during the year was that of provision of support services to related entities.
The company's functional and presentational currency is the Pound Sterling (£).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Lilja Capital Advisory Partners Limited is supported by its parent company which meets the ongoing cash flow requirements of the company. The directors believe that the company will continue to receive this support and so will have access to sufficient resources to meet the working capital requirements of the company for a period of at least twelve months from the date of approval of the financial statements. These financial statements have therefore been prepared on a going concern basis.
Turnover comprises revenue recognised by the company in respect of services supplied during the year.
Income from the provision of support services is recognised when the services are provided.
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Basic financial instruments
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Basic financial instruments include trade and other debtors, trade and other creditors, cash at bank and in hand.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs.
Trade and other creditors are recognised initially at transaction cost plus attributable transaction cost.
Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.
Cash and cash equivalents comprise of cash balances and call deposits.
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