2 28/03/2023 27/09/2024 2024-09-27 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-28 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08149977 2023-03-28 2024-09-27 08149977 2024-09-27 08149977 2023-03-27 08149977 2022-03-28 2023-03-27 08149977 2023-03-27 08149977 2022-03-27 08149977 core:FurnitureFittingsToolsEquipment 2023-03-28 2024-09-27 08149977 bus:RegisteredOffice 2023-03-28 2024-09-27 08149977 bus:OrdinaryShareClass1 2023-03-28 2024-09-27 08149977 bus:LeadAgentIfApplicable 2023-03-28 2024-09-27 08149977 bus:Director1 2023-03-28 2024-09-27 08149977 bus:Director2 2023-03-28 2024-09-27 08149977 core:NetGoodwill 2023-03-27 08149977 core:FurnitureFittingsToolsEquipment 2023-03-27 08149977 core:WithinOneYear 2024-09-27 08149977 core:WithinOneYear 2023-03-27 08149977 core:NetGoodwill 2023-03-28 2024-09-27 08149977 core:ShareCapital 2024-09-27 08149977 core:ShareCapital 2023-03-27 08149977 core:RetainedEarningsAccumulatedLosses 2024-09-27 08149977 core:RetainedEarningsAccumulatedLosses 2023-03-27 08149977 bus:OrdinaryShareClass1 core:ShareCapital 2024-09-27 08149977 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-27 08149977 core:FurnitureFittingsToolsEquipment 2023-03-27 08149977 bus:SmallEntities 2023-03-28 2024-09-27 08149977 bus:AuditExempt-NoAccountantsReport 2023-03-28 2024-09-27 08149977 bus:SmallCompaniesRegimeForAccounts 2023-03-28 2024-09-27 08149977 bus:PrivateLimitedCompanyLtd 2023-03-28 2024-09-27 08149977 bus:FullAccounts 2023-03-28 2024-09-27 08149977 core:LandBuildings core:ShortLeaseholdAssets 2023-03-28 2024-09-27
Company registration number: 08149977
Lillistone Limited
Trading as Cheshire Bridal Wear
Unaudited filleted financial statements
27 September 2024
Lillistone Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Lillistone Limited
Directors and other information
Directors Mr Henry Johnstone
Mrs Devereaux Hackett
Company number 08149977
Registered office 8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
Business address 52 Churchgate
Stockport
Cheshire
SK1 1YG
Accountants Langers
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
Lillistone Limited
Statement of financial position
27 September 2024
27/09/24 27/03/23
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 - 207
_______ _______
- 207
Current assets
Stocks - 35,000
Debtors 7 155 4,893
Cash at bank and in hand 7 639
_______ _______
162 40,532
Creditors: amounts falling due
within one year 8 ( 12,558) ( 30,553)
_______ _______
Net current (liabilities)/assets ( 12,396) 9,979
_______ _______
Total assets less current liabilities ( 12,396) 10,186
_______ _______
Net (liabilities)/assets ( 12,396) 10,186
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account ( 12,496) 10,086
_______ _______
Shareholders (deficit)/funds ( 12,396) 10,186
_______ _______
For the period ending 27 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
Mr Henry Johnstone
Director
Company registration number: 08149977
Lillistone Limited
Notes to the financial statements
Period ended 27 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis, based on the continued support of Henry D Johnstone Jewellers Limited and the directors. The company has ceased to trade during the period.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 5 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 7 years straight line
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of asset s.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 28 March 2023 8,044 8,044
Disposals (8,044) (8,044)
_______ _______
At 27 September 2024 - -
_______ _______
Amortisation
At 28 March 2023 8,044 8,044
Disposals ( 8,044) ( 8,044)
_______ _______
At 27 September 2024 - -
_______ _______
Carrying amount
At 27 September 2024 - -
_______ _______
At 27 March 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 28 March 2023 4,169 4,169
Disposals ( 4,169) ( 4,169)
_______ _______
At 27 September 2024 - -
_______ _______
Depreciation
At 28 March 2023 3,963 3,963
Charge for the year 60 60
Disposals ( 4,023) ( 4,023)
_______ _______
At 27 September 2024 - -
_______ _______
Carrying amount
At 27 September 2024 - -
_______ _______
At 27 March 2023 206 206
_______ _______
7. Debtors
27/09/24 27/03/23
£ £
Trade debtors - 45
Other debtors 155 4,848
_______ _______
155 4,893
_______ _______
8. Creditors: amounts falling due within one year
27/09/24 27/03/23
£ £
Trade creditors 126 3,000
Social security and other taxes 992 1,779
Other creditors 11,440 25,774
_______ _______
12,558 30,553
_______ _______
9. Called up share capital
Issued, called up and fully paid
27/09/24 27/03/23
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
10. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year - 7,313
_______ _______
11. Related party transactions
At 27 September 2024 the company owed £10,299 (2023 - £24,031) to a director. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.The unsecured loan of £7,142 from Henry D Johnstone Limited, company number 04759691, a company controlled by Henry Johnstone a director, has been written off during the period (2023 - £34,120).