Lilotto Developments Limited NI637551 true 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the management of real estate. Digita Accounts Production Advanced 6.30.9574.0 true Paul Rafferty Joseph Murray NI637551 2023-05-01 2024-04-30 NI637551 2024-04-30 NI637551 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI637551 core:ShareCapital 2024-04-30 NI637551 core:CurrentFinancialInstruments 2024-04-30 NI637551 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI637551 bus:FRS102 2023-05-01 2024-04-30 NI637551 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI637551 bus:FullAccounts 2023-05-01 2024-04-30 NI637551 bus:RegisteredOffice 2023-05-01 2024-04-30 NI637551 bus:Director1 2023-05-01 2024-04-30 NI637551 bus:Director2 2023-05-01 2024-04-30 NI637551 bus:EntityNoLongerTradingButTradedInPast 2023-05-01 2024-04-30 NI637551 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI637551 countries:NorthernIreland 2023-05-01 2024-04-30 NI637551 2023-04-30 NI637551 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI637551 core:ShareCapital 2023-04-30 NI637551 core:CurrentFinancialInstruments 2023-04-30 NI637551 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP

Registration number: NI637551

Lilotto Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Lilotto Developments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Lilotto Developments Limited

(Registration number: NI637551)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

48,100

48,100

Cash at bank and in hand

 

881

881

 

48,981

48,981

Creditors: Amounts falling due within one year

4

(1,008)

(1,008)

Net assets

 

47,973

47,973

Capital and reserves

 

Called up share capital

100

100

Retained earnings

47,873

47,873

Shareholders' funds

 

47,973

47,973

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................
Paul Rafferty
Director

 

Lilotto Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
6 Balloo Court
Bangor
Down
BT19 7AT
Northern Ireland

These financial statements were authorised for issue by the Board on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Lilotto Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2024
£

2023
£

Other debtors

48,100

48,100

 

48,100

48,100

4

Creditors

2024
£

2023
£

Due within one year

Accruals

1,008

1,008