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REGISTERED NUMBER: 07211285 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LIONLIKE MANAGEMENT LIMITED

LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIONLIKE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J S Lewis MBE





REGISTERED OFFICE: 645 Warrington Road
Rainhill
Merseyside
L35 4LY





REGISTERED NUMBER: 07211285 (England and Wales)





AUDITORS: Monetta LLP
Statutory Auditors
Chartered Accountants
110-114 Duke Stret
Liverpool
Merseyside
L1 5AG

LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,932 27,145
Investments 5 3,649,491 3,649,491
Investment property 6 224,785 -
3,911,208 3,676,636

CURRENT ASSETS
Debtors 7 140,065 127,395
Investments 8 5,190,274 5,874,964
Cash at bank and in hand 727,503 930,426
6,057,842 6,932,785
CREDITORS
Amounts falling due within one year 9 3,251,607 3,273,282
NET CURRENT ASSETS 2,806,235 3,659,503
TOTAL ASSETS LESS CURRENT LIABILITIES 6,717,443 7,336,139

PROVISIONS FOR LIABILITIES - 4,844
NET ASSETS 6,717,443 7,331,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,717,343 7,331,195
SHAREHOLDERS' FUNDS 6,717,443 7,331,295

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 director and authorised for issue on 25 November 2024 and were signed by:





J S Lewis MBE - Director


LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Lionlike Management 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Lionlike Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the Income Statement in the period to which they relate.

LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Listed investments
Listed investments are included at fair value using quoted market prices in active markets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 51,916 - 51,916
Additions 15,000 5,171 20,171
At 29 February 2024 66,916 5,171 72,087
DEPRECIATION
At 1 March 2023 24,771 - 24,771
Charge for year 10,384 - 10,384
At 29 February 2024 35,155 - 35,155
NET BOOK VALUE
At 29 February 2024 31,761 5,171 36,932
At 28 February 2023 27,145 - 27,145

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 3,649,491
NET BOOK VALUE
At 29 February 2024 3,649,491
At 28 February 2023 3,649,491

The shares in group undertakings represents an 80.8% holding in SOG Limited which in turn owns a 100% holding in SOG Resources Limited.

LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 224,785
At 29 February 2024 224,785
NET BOOK VALUE
At 29 February 2024 224,785

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 224,785

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 6,647 3,731
Amounts owed by group undertakings 123,989 91,573
Other debtors 9,429 32,091
140,065 127,395

8. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Listed investments 5,190,274 5,874,964

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 58,386 58,076
Amounts owed to group undertakings 2,375,000 2,375,122
Taxation and social security 18,686 13,736
Other creditors 799,535 826,348
3,251,607 3,273,282

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Loan from SOG Limited 2,375,000 2,375,000

The loan is secured by a first fixed charge, with full guarantee, over all shares owned by the company in SOG Limited.

LIONLIKE MANAGEMENT LIMITED (REGISTERED NUMBER: 07211285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


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

The Report of the Auditors was unqualified.

Keith Miller FCA (Senior Statutory Auditor)
for and on behalf of Monetta LLP

12. RELATED PARTY DISCLOSURES

Balances with related parties at the year end in aggregate:

DebtorsCreditors
Entities over which the company has control or joint control£123,825£2,375,000
Other related parties£6,647£773,468