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REGISTERED NUMBER: 07383519 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

LILLYHALL PROPERTIES LTD

LILLYHALL PROPERTIES LTD (REGISTERED NUMBER: 07383519)

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

Accountants' Report 6

LILLYHALL PROPERTIES LTD

Company Information
for the year ended 31 March 2024







Directors: T H M Offer
R Offer
Mrs L E Offer
G Offer
A Offer





Registered office: Outer Barge, 1 Panther Quay
22 Old Bridge Street
Hampton Wick
Kingston Upon Thames
Surrey
KT1 4BU





Registered number: 07383519 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

LILLYHALL PROPERTIES LTD (REGISTERED NUMBER: 07383519)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 453,802 495,027

Current assets
Stocks 2,860,227 2,859,437
Debtors 5 107,331 86,990
Cash at bank 59,995 39,982
3,027,553 2,986,409
Creditors
Amounts falling due within one year 6 74,482 49,917
Net current assets 2,953,071 2,936,492
Total assets less current liabilities 3,406,873 3,431,519

Creditors
Amounts falling due after more than one
year

7

1,580,935

1,670,436
Net assets 1,825,938 1,761,083

Capital and reserves
Called up share capital 8 50,000 50,000
Retained earnings 9 1,775,938 1,711,083
Shareholders' funds 1,825,938 1,761,083

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





G Offer - Director


LILLYHALL PROPERTIES LTD (REGISTERED NUMBER: 07383519)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Lillyhall Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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

3. Employees and directors

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

LILLYHALL PROPERTIES LTD (REGISTERED NUMBER: 07383519)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£ £ £
Cost or valuation
At 1 April 2023 482,640 15,484 498,124
Revaluations (38,128 ) - (38,128 )
At 31 March 2024 444,512 15,484 459,996
Depreciation
At 1 April 2023 - 3,097 3,097
Charge for year - 3,097 3,097
At 31 March 2024 - 6,194 6,194
Net book value
At 31 March 2024 444,512 9,290 453,802
At 31 March 2023 482,640 12,387 495,027

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£ £ £
Valuation in 2023 (40,820 ) - (40,820 )
Valuation in 2024 (38,128 ) - (38,128 )
Cost 523,460 15,484 538,944
444,512 15,484 459,996

5. Debtors
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 19,710 12,531
Other debtors 250 2,750
VAT - 3,599
Prepayments and accrued income 636 7,238
20,596 26,118

Amounts falling due after more than one year:
Amounts owed by associates 86,735 60,872

Aggregate amounts 107,331 86,990

LILLYHALL PROPERTIES LTD (REGISTERED NUMBER: 07383519)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 8,211 1,537
Tax 37,209 42,547
VAT 3,479 -
Accrued expenses 25,583 5,833
74,482 49,917

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Loan from Offer Group Ltd 1,280,000 1,380,000
Other creditors 25,499 7,500
Directors' loan accounts 275,436 282,936
1,580,935 1,670,436

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20,000 Ordinary A £1 20,000 20,000
30,000 Ordinary B £1 30,000 30,000
50,000 50,000

9. Reserves
Retained
earnings
£

At 1 April 2023 1,711,083
Profit for the year 64,855
At 31 March 2024 1,775,938

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lillyhall Properties Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lillyhall Properties Ltd for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Lillyhall Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lillyhall Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Lillyhall Properties Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lillyhall Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lillyhall Properties Ltd. You consider that Lillyhall Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lillyhall Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


21 November 2024