Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312025-05-2322023-11-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11701941 2023-11-01 2024-10-31 11701941 2022-11-01 2023-10-31 11701941 2024-10-31 11701941 2023-10-31 11701941 c:Director1 2023-11-01 2024-10-31 11701941 d:CurrentFinancialInstruments 2024-10-31 11701941 d:CurrentFinancialInstruments 2023-10-31 11701941 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11701941 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11701941 d:ShareCapital 2024-10-31 11701941 d:ShareCapital 2023-10-31 11701941 d:SharePremium 2024-10-31 11701941 d:SharePremium 2023-10-31 11701941 d:RetainedEarningsAccumulatedLosses 2024-10-31 11701941 d:RetainedEarningsAccumulatedLosses 2023-10-31 11701941 c:FRS102 2023-11-01 2024-10-31 11701941 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11701941 c:FullAccounts 2023-11-01 2024-10-31 11701941 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11701941 d:Subsidiary1 2023-11-01 2024-10-31 11701941 d:Subsidiary1 1 2023-11-01 2024-10-31 11701941 d:Subsidiary2 2023-11-01 2024-10-31 11701941 d:Subsidiary2 1 2023-11-01 2024-10-31 11701941 d:Subsidiary3 2023-11-01 2024-10-31 11701941 d:Subsidiary3 1 2023-11-01 2024-10-31 11701941 d:Subsidiary4 2023-11-01 2024-10-31 11701941 d:Subsidiary4 1 2023-11-01 2024-10-31 11701941 d:Subsidiary5 2023-11-01 2024-10-31 11701941 d:Subsidiary5 1 2023-11-01 2024-10-31 11701941 d:Subsidiary6 2023-11-01 2024-10-31 11701941 d:Subsidiary6 1 2023-11-01 2024-10-31 11701941 2 2023-11-01 2024-10-31 11701941 6 2023-11-01 2024-10-31 11701941 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 11701941









LILINO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
LILINO LIMITED
REGISTERED NUMBER: 11701941

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
601,890
601,890

  
601,890
601,890

Current assets
  

Debtors: amounts falling due within one year
 5 
9,877
273,361

Cash at bank and in hand
 6 
2,874,905
554,266

  
2,884,782
827,627

Creditors: amounts falling due within one year
 7 
(1,232,233)
(300,640)

Net current assets
  
 
 
1,652,549
 
 
526,987

Total assets less current liabilities
  
2,254,439
1,128,877

  

Net assets
  
2,254,439
1,128,877


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
294,904
294,904

Profit and loss account
  
1,959,533
833,971

  
2,254,439
1,128,877


Page 1

 
LILINO LIMITED
REGISTERED NUMBER: 11701941
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 year 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 income and retained earnings 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 by: 




................................................
Mr A Uselli
Director

Date: 23 May 2025

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

Page 2

 
LILINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Lilino Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London N3 1LF. The company registration number is 11701941. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LILINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LILINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
601,890



At 31 October 2024
601,890




Page 5

 
LILINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

London Nest Limited
UK
Ordinary
100%
Chelsea Nest Limited
UK
Ordinary
100%
Dublin Nest Limited
Republic of Ireland
Ordinary
100%
Iberia Nest Limited
UK
Ordinary
100%
Scotia Nest Limited
UK
Ordinary
100%
Everynest Limited
UK
Ordinary
100%

The aggregate of the share capital and reserves as at 31 October 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit
£
£

London Nest Limited
1,177,936
682,409

Chelsea Nest Limited
104,107
114,973

Dublin Nest Limited
393,423
660,503

Iberia Nest Limited
(14,411)
(12,797)

Scotia Nest Limited
74,895
68,306

Everynest Limited
(960)
(960)


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
200,000

Other debtors
2,690
65,474

Prepayments and accrued income
7,187
7,887

9,877
273,361



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,874,905
554,266

2,874,905
554,266


Page 6

 
LILINO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,225,241
298,901

Corporation tax
5,642
1,390

Other creditors
350
349

Accruals and deferred income
1,000
-

1,232,233
300,640


 
Page 7