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Registered number: 14828893










ILI GLOBAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024




















 
ILI GLOBAL LIMITED
 
 
Company Information


Directors
M W Wright (appointed 26 April 2023)
E D'Amato (appointed 21 August 2024)




Registered number
14828893



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
ILI GLOBAL LIMITED
Registered number: 14828893

Balance sheet
As at 30 April 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
6,377

Tangible assets
 5 
5,654

  
12,031

Current assets
 6 

Debtors: amounts falling due within one year
 6 
71,382

Cash at bank and in hand
 7 
159,023

  
230,405

Creditors: amounts falling due within one year
 8 
(1,272,769)

Net current (liabilities)/assets
  
 
 
(1,042,364)

Total assets less current liabilities
  
(1,030,333)

  

Net (liabilities)/assets
  
(1,030,333)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(1,030,433)

  
(1,030,333)


Page 1

 
ILI GLOBAL LIMITED
Registered number: 14828893
    
Balance sheet (continued)
As at 30 April 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




M W Wright
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ILI GLOBAL LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

1.


General information

Ili Global Limited is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales. The registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The company was incorporated on 26 April 2023 and began trading on the same day. These financial statements cover the period from incorporation to 30 April 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis despite the loss for the period. The Directors confirm that the parent company has indicated that it will provide whatever financial support may be necessary in order for the company to meet its liabilities and commitments as they fall due and that it will not demand repayment of any amounts owed to it within 12 months of the approval of these financial statements.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ILI GLOBAL LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Domains and Trademarks
-
5
years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ILI GLOBAL LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 7.


4.


Intangible assets



Domains and Trademarks

£



Cost


Additions
6,716



At 30 April 2024

6,716



Amortisation


Charge for the period
339



At 30 April 2024

339



Net book value



At 30 April 2024
6,377



Page 5

 
ILI GLOBAL LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
6,312



At 30 April 2024

6,312



Depreciation


Charge for the period
658



At 30 April 2024

658



Net book value



At 30 April 2024
5,654


6.


Debtors

2024
£


Other debtors
71,382

71,382



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
159,023

159,023


Page 6

 
ILI GLOBAL LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

8.


Creditors: Amounts falling due within one year

2024
£

Other loans
1,221,850

Trade creditors
808

Other taxation and social security
33,382

Other creditors
11,062

Accruals and deferred income
5,667

1,272,769



9.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Other loans
1,221,850

1,221,850



10.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary Shares shares of £1.00 each
100


During the year the company issued 100 ordinary shares for total consideration of £100.


11.


Related party transactions

The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned group members.

Page 7