Registered number
05692792
Lilibee Developments Limited
Filleted Accounts
30 June 2024
Lilibee Developments Limited
Company Information
Directors
C J Siller
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
05692792
Lilibee Developments Limited
Registered number: 05692792
Balance Sheet
as at 30 June 2024
Notes 2024 2022
£ £
Current assets
Debtors 4 25,750 -
Creditors: amounts falling due within one year 5 (13,661) (4,073)
Net current assets/(liabilities) 12,089 (4,073)
Total assets less current liabilities 12,089 (4,073)
Creditors: amounts falling due after more than one year 6 (5,750) (26,070)
Net assets/(liabilities) 6,339 (30,143)
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,239 (30,243)
Shareholders' funds 6,339 (30,143)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C J Siller
Director
Approved by the board on 31 March 2025
Lilibee Developments Limited
Notes to the Accounts
for the period from 1 January 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over four years
Motor vehicles over four years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2023 625 1,340 1,965
At 30 June 2024 625 1,340 1,965
Depreciation
At 1 January 2023 625 1,340 1,965
At 30 June 2024 625 1,340 1,965
Net book value
At 30 June 2024 - - -
4 Debtors 2024 2022
£ £
Intercompany loan 25,750 -
5 Creditors: amounts falling due within one year 2024 2022
£ £
Bank loans and overdrafts 9,753 2,879
Other creditors 3,908 1,194
13,661 4,073
6 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans 5,750 9,953
Directors loan - 16,117
5,750 26,070
7 Other information
Lilibee Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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