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REGISTERED NUMBER: 04525029 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

Ilios Holdings Limited

Ilios Holdings Limited (Registered number: 04525029)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ilios Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Scott
J C Bell



SECRETARY: J Scott



REGISTERED OFFICE: Fresh Produce & Flower Centre
Barton Road
MIDDLESBROUGH
Cleveland
TS2 1RY



REGISTERED NUMBER: 04525029 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Hobson, FCCA, BA (Hons)



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

Ilios Holdings Limited (Registered number: 04525029)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 928,072 928,072
Investment property 5 145,142 145,142
1,073,214 1,073,214

CURRENT ASSETS
Debtors 6 1,064 101,064
Cash at bank 88,739 127,753
89,803 228,817
CREDITORS
Amounts falling due within one year 7 299,731 387,131
NET CURRENT LIABILITIES (209,928 ) (158,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,286

914,900

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 863,284 914,898
SHAREHOLDERS' FUNDS 863,286 914,900

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





J Scott - Director


Ilios Holdings Limited (Registered number: 04525029)

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

1. STATUTORY INFORMATION

Ilios Holdings 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.

Going concern

The directors assess whether the use of the going concern basis is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The company has net current liabilities as at 31 March 2024. It is reliant on the continuing support of the group.

The directors are carrying out a strategic review of the group of which Ilios Holdings Limited is part. This may result in the properties held by the company being moved out of the company. With no decision made yet in this respect, the directors believe that the use of the going concern basis is still appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Long leasehold property is recognised at cost less any impairment.

No depreciation has been charged in relation to that property, as in the opinion of the directors, the value is at least equal to its cost.

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The valuation was carried out by the directors as at the period end.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Ilios Holdings Limited (Registered number: 04525029)

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

2. ACCOUNTING POLICIES - continued
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.

Income recognition
Other operating income relates primarily to the receipt of rent from fellow group subsidiaries on the long leasehold property and from unrelated third parties on the investment property. Income is recognised in the period to which the rent relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 April 2023
and 31 March 2024 928,072
NET BOOK VALUE
At 31 March 2024 928,072
At 31 March 2023 928,072

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 145,142
NET BOOK VALUE
At 31 March 2024 145,142
At 31 March 2023 145,142

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 100,000
Prepayments 1,064 1,064
1,064 101,064

Ilios Holdings Limited (Registered number: 04525029)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,341 1,369
Amounts owed to group undertakings 261,476 359,699
Taxation and social security 22,549 22,698
Accruals and deferred income 3,365 3,365
299,731 387,131

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified

Material uncertainty related to going concern

We draw attention to note 2 in the financial statements.

At the time of the approval of the financial statements the directors are carrying out a strategic review of the setup of the group of which Ilios Holdings Limited is part. Although no decision has been made, this may result in the properties moving out of this company. As a result there is a material uncertainty in relation to going concern.

Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Martin Hobson BA (Hons), FCCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J Scott
Balance outstanding at start of year 50,000 -
Amounts advanced - 50,000
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,000

Ilios Holdings Limited (Registered number: 04525029)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J C Bell
Balance outstanding at start of year 50,000 -
Amounts advanced - 50,000
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,000

No interest has been charged.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Embeck Group Limited, a company registered in England and Wales, whose registered office is the same as for this company.