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Company No: 13759652 (England and Wales)

LILIOL HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

LILIOL HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

LILIOL HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
LILIOL HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Stocks 154,302 138,818
Debtors 3 0 741
Cash at bank and in hand 16,382 28,648
170,684 168,207
Creditors: amounts falling due within one year 4 ( 192,315) ( 176,134)
Net current liabilities (21,631) (7,927)
Total assets less current liabilities (21,631) (7,927)
Creditors: amounts falling due after more than one year 5 ( 5,611) 0
Net liabilities ( 27,242) ( 7,927)
Capital and reserves
Called-up share capital 6 20,000 20,000
Profit and loss account ( 47,242 ) ( 27,927 )
Total shareholders' deficit ( 27,242) ( 7,927)

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Liliol Homes Limited (registered number: 13759652) were approved and authorised for issue by the Board of Directors on 06 February 2025. They were signed on its behalf by:

D Lewis
Director
LILIOL HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
LILIOL HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Liliol Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Cory Crescent, Peterston-Super-Ely, Cardiff, CF5 6LS, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £27,242. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
VAT recoverable 0 741

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 151,798 151,798
Accruals 40,517 24,336
192,315 176,134

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 5,611 0

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A Ordinary shares of £ 100.00 each 10,000 10,000
100 B Ordinary shares of £ 100.00 each 10,000 10,000
20,000 20,000

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the director 151,798 151,798

Included within other creditors are amounts owed to the directors. Interest is accrued on this loan at 10%, with no fixed repayment
date.