LILAC INVESTMENTS (NI) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Lilac Investments (NI) Limited is a private company limited by shares and is incorporated and registered in Northern Ireland under Company Registration Number NI049311.
The company did not trade in the year. Its principal activity was that of holding investments and this activity ceased during the year to 29 February 2024. The company registered office is situated at Suite 2.06 Custom House, Custom House Square, Belfast, BT1 3ET.
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:
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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