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REGISTERED NUMBER: 08850541 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LILIUM RESTAURANTS LIMITED

LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LILIUM RESTAURANTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: M O Ihsanoglu





SECRETARY: Filex Services Limited





REGISTERED OFFICE: The Courtyard 14a Sydenham Road
Croydon
LONDON
CR0 2EE





REGISTERED NUMBER: 08850541 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,707 3,076
Tangible assets 5 734,578 847,107
737,285 850,183

CURRENT ASSETS
Stocks 99,844 93,827
Debtors 6 233,573 235,380
Cash at bank and in hand 336,005 623,611
669,422 952,818
CREDITORS
Amounts falling due within one year 7 586,059 705,425
NET CURRENT ASSETS 83,363 247,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,648

1,097,576

PROVISIONS FOR LIABILITIES 57,990 57,081
NET ASSETS 762,658 1,040,495

CAPITAL AND RESERVES
Called up share capital 478,048 478,048
Share premium 3,230,170 3,230,170
Retained earnings (2,945,560 ) (2,667,723 )
SHAREHOLDERS' FUNDS 762,658 1,040,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





M O Ihsanoglu - Director


LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lilium Restaurants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover 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; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended ny management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below:

Depreciation is provided on the following basis:

Long leasehold property - over the term of the lease
Improvements to property - over the term of the lease
Kitchen equipment - 25% straight line
Fixtures and Fittings - 25% straight line
Computer Equipment - 33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

Stocks
Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Costs is based on the cost of purchase on a first in, first out basis.

At the balance sheet date, stock is assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.


LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 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
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.

Website costs
Website costs are written off in equal instalments over 17 years, being their estimated useful economic life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Website
Costs
£   
COST
At 1 January 2024
and 31 December 2024 6,265
AMORTISATION
At 1 January 2024 3,189
Amortisation for year 369
At 31 December 2024 3,558
NET BOOK VALUE
At 31 December 2024 2,707
At 31 December 2023 3,076

LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Long Improvements
leasehold to Kitchen
property property equipment
£    £    £   
COST
At 1 January 2024 871,254 842,986 68,300
Additions - - 5,540
At 31 December 2024 871,254 842,986 73,840
DEPRECIATION
At 1 January 2024 499,489 396,627 59,914
Charge for year 51,230 49,567 3,421
At 31 December 2024 550,719 446,194 63,335
NET BOOK VALUE
At 31 December 2024 320,535 396,792 10,505
At 31 December 2023 371,765 446,359 8,386

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 909,860 36,512 2,728,912
Additions - - 5,540
At 31 December 2024 909,860 36,512 2,734,452
DEPRECIATION
At 1 January 2024 894,249 31,526 1,881,805
Charge for year 10,928 2,923 118,069
At 31 December 2024 905,177 34,449 1,999,874
NET BOOK VALUE
At 31 December 2024 4,683 2,063 734,578
At 31 December 2023 15,611 4,986 847,107

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 18,968 16,662
Other debtors 79,605 83,718
98,573 100,380

LILIUM RESTAURANTS LIMITED (REGISTERED NUMBER: 08850541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Other debtors 135,000 135,000

Aggregate amounts 233,573 235,380

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 288,790 334,122
Taxation and social security 72,298 90,032
Other creditors 224,971 281,271
586,059 705,425

8. FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

9. OTHER FINANCIAL COMMITMENTS

The company is committed to making the following annual payments:

Management fees at the rate of £110,000 (2023 - €125,000) annually to a shareholder of the company.

Operating lease commitments not included in the balance sheet amount to £1,187,500. (2023 - £1.377,500).

10. RELATED PARTY DISCLOSURES

During the year, the company repaid loans of £25,188 (2023 - £Nil) to a company that the director's have a participating interest. as at the balance sheet date the company owes £86,238 (2023 - £111,425) and this is included in other creditors.

Loans are interest free and repayable on demand.