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REGISTERED NUMBER: 02821585 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

LILLIDALE LTD

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 3


LILLIDALE LTD (REGISTERED NUMBER: 02821585)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 9,650 1,260
Tangible assets 5 173,497 206,872
Investments 6 409,096 110,994
592,243 319,126

Current assets
Stocks 181,259 238,811
Debtors 7 531,274 430,270
Cash at bank and in hand 735,247 1,015,502
1,447,780 1,684,583
Creditors
Amounts falling due within one year 8 325,314 338,978
Net current assets 1,122,466 1,345,605
Total assets less current liabilities 1,714,709 1,664,731

Creditors
Amounts falling due after more than one year 9 (3,995 ) -

Provisions for liabilities 11 (17,507 ) (25,195 )
Net assets 1,693,207 1,639,536

Capital and reserves
Called up share capital 12 6 6
Retained earnings 1,693,201 1,639,530
Shareholders' funds 1,693,207 1,639,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

BALANCE SHEET - continued
30 JUNE 2024


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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mrs M Claremont - Director


LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

Lillidale Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02821585. The registered office, and business address, is Pig Oak Farm, Holt, Wimborne, Dorset, BH21 7DG.

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 Lillidale Ltd 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 represents amounts receivable for goods provided in the ordinary course of business net of trade discounts and value added tax.

Revenue from the sale of goods is recognised when the goods have been received by the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of ten years.

Trademarks are being amortised evenly over their estimated useful life of five years.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 3% on cost
Improvements to property - 15% on cost
Plant and machinery - 15% on cost
Office furniture, fittings and equipment - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investment in subsidiary undertakings are included at fair value as long as a value can be measured reliably. This will be reviewed annually by the directors.

Stocks
Stock is valued at the lower of cost and net realisable value. Provision is made for obsolete, slow moving or defective items where appropriate.


LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Government grants
The company applies the accrual model to classify grants either as a grant relating to revenue or a grant relating to assets.

Grants relating to revenue are recognised as income over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which they becomes receivable.

Grants relating to assets are recognised in income over the expected useful life of those assets.

Other investments
Other investments consist of a portfolio held by the company and these are included at fair value.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. Intangible fixed assets
Licences Trademarks Website Totals
£    £    £    £   
Cost
At 1 July 2023 200,000 1,900 1,250 203,150
Additions - 11,275 - 11,275
At 30 June 2024 200,000 13,175 1,250 214,425
Amortisation
At 1 July 2023 200,000 1,140 750 201,890
Amortisation for year - 2,635 250 2,885
At 30 June 2024 200,000 3,775 1,000 204,775
Net book value
At 30 June 2024 - 9,400 250 9,650
At 30 June 2023 - 760 500 1,260

5. Tangible fixed assets
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
Cost
At 1 July 2023 64,911 66,840 56,659
Additions - 2,021 -
Disposals - - -
At 30 June 2024 64,911 68,861 56,659
Depreciation
At 1 July 2023 4,327 60,762 46,007
Charge for year 2,164 1,961 2,549
Eliminated on disposal - - -
At 30 June 2024 6,491 62,723 48,556
Net book value
At 30 June 2024 58,420 6,138 8,103
At 30 June 2023 60,584 6,078 10,652

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. Tangible fixed assets - continued

Office
furniture,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
Cost
At 1 July 2023 135,056 114,874 73,681 512,021
Additions 1,843 49,367 3,492 56,723
Disposals (9,854 ) (74,928 ) - (84,782 )
At 30 June 2024 127,045 89,313 77,173 483,962
Depreciation
At 1 July 2023 113,397 22,653 58,003 305,149
Charge for year 5,185 11,420 9,253 32,532
Eliminated on disposal (7,059 ) (20,157 ) - (27,216 )
At 30 June 2024 111,523 13,916 67,256 310,465
Net book value
At 30 June 2024 15,522 75,397 9,917 173,497
At 30 June 2023 21,659 92,221 15,678 206,872

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 49,367
At 30 June 2024 49,367
Depreciation
Charge for year 2,057
At 30 June 2024 2,057
Net book value
At 30 June 2024 47,310

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. Fixed asset investments
Shares in
group Other
undertakings investments Totals
£    £    £   
Cost or valuation
At 1 July 2023 26,500 84,494 110,994
Additions 266,957 15,627 282,584
Revaluations - 9,018 9,018
Reversal of impairments 6,500 - 6,500
At 30 June 2024 299,957 109,139 409,096
Net book value
At 30 June 2024 299,957 109,139 409,096
At 30 June 2023 26,500 84,494 110,994

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - (29,827 ) (29,827 )
Valuation in 2023 (122,917 ) 28,475 (94,442 )
Valuation in 2024 6,500 9,018 15,518
Cost 416,374 101,473 517,847
299,957 109,139 409,096

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 298,870 358,285
Amounts owed by group undertakings 168,573 1,650
VAT 33,380 6,529
Prepayments and accrued income 30,451 63,806
531,274 430,270

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts (see note 10) 4,586 -
Trade creditors 267,369 169,801
Corporation tax 46,725 70,951
Pensions owing 365 339
Directors' current accounts 274 93,192
Accruals and deferred income 5,995 4,695
325,314 338,978

LILLIDALE LTD (REGISTERED NUMBER: 02821585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 10) 3,995 -

10. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,586 -
Between one and five years 3,995 -
8,581 -

11. Provisions for liabilities
2024 2023
£    £   
Deferred tax 17,507 25,195

Deferred
tax
£   
Balance at 1 July 2023 25,195
Credit to Income statement during year (7,688 )
Balance at 30 June 2024 17,507

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 "A" Ordinary £1 2 2
1 "B" Non-Voting £1 1 1
1 "C" Non-Voting £1 1 1
1 "D" Non-Voting £1 1 1
1 "E" Non-Voting £1 1 1
6 6

13. Ultimate controlling party

The company is controlled by the directors, Mr M Claremont and Mrs M Claremont, by virtue of their combined 100% holding in the voting share capital.