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REGISTERED NUMBER: 10198382 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

ILLI Holdings Ltd

ILLI Holdings Ltd (Registered number: 10198382)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILLI Holdings Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Thomas Martin Nelson





REGISTERED OFFICE: 108 Mere Grange
Leaside
St Helens
Merseyside
WA9 5GG





REGISTERED NUMBER: 10198382 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

ILLI Holdings Ltd (Registered number: 10198382)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,105,482 1,805,759

CURRENT ASSETS
Debtors 5 923,963 463,805
Cash at bank 18,071 120,824
942,034 584,629
CREDITORS
Amounts falling due within one year 6 1,123,453 956,310
NET CURRENT LIABILITIES (181,419 ) (371,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,924,063

1,434,078

CREDITORS
Amounts falling due after more than one year 7 41,637 52,508
NET ASSETS 1,882,426 1,381,570

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 1,000,000 724,900
Retained earnings 882,325 656,569
SHAREHOLDERS' FUNDS 1,882,426 1,381,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

ILLI Holdings Ltd (Registered number: 10198382)

Balance Sheet - continued
31 May 2024


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 15 August 2024 and were signed by:





Mr Thomas Martin Nelson - Director


ILLI Holdings Ltd (Registered number: 10198382)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

ILLI Holdings Ltd 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.

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

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 1 (2023 - 2 ) .

ILLI Holdings Ltd (Registered number: 10198382)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor Computer
property property vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 1,180,000 562,092 84,995 406 1,827,493
Additions - 312,292 - 207 312,499
At 31 May 2024 1,180,000 874,384 84,995 613 2,139,992
DEPRECIATION
At 1 June 2023 - - 21,532 202 21,734
Charge for year - - 12,693 83 12,776
At 31 May 2024 - - 34,225 285 34,510
NET BOOK VALUE
At 31 May 2024 1,180,000 874,384 50,770 328 2,105,482
At 31 May 2023 1,180,000 562,092 63,463 204 1,805,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 9,000 15,000
Other debtors 914,963 448,805
923,963 463,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 10,871 10,871
Trade creditors 314,592 -
Taxation and social security 2,795 2,368
Other creditors 795,195 943,071
1,123,453 956,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 41,637 52,508