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REGISTERED NUMBER: OC325438 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

FOR

LILY DIGITAL LLP

LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 26,543 15,044
Investments 6 1 1
Investment property 7 1,202,085 1,202,085
1,228,629 1,217,130

CURRENT ASSETS
Debtors 8 1,483,997 1,258,928
Cash at bank 20,944 100,382
1,504,941 1,359,310
CREDITORS
Amounts falling due within one year 9 35,472 59,183
NET CURRENT ASSETS 1,469,469 1,300,127
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,698,098

2,517,257

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,501,098

1,320,257

MEMBERS' OTHER INTERESTS
Capital accounts 1,197,000 1,197,000
2,698,098 2,517,257

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,501,098 1,320,257
Members' other interests 1,197,000 1,197,000
2,698,098 2,517,257

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 June 2025 and were signed by:




A J Doyle - Designated member




C A Doyle - Designated member


LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

1. STATUTORY INFORMATION

Lily Digital LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC325438

Registered office: Chancery House
3 Hatchlands Road
Redhill
Surrey
RH1 6AA

The presentation currency of the financial statements is the Pound Sterling (£).


All amounts in the financial statements have been rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Lily Digital LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Significant judgements and estimates
In preparing these financial statements, the members have made the following judgements:

- Determine whether leases entered into by the LLP either as a lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine whether there are indicators of impairment of the LLP's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the LLP's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

Plant and machinery - 20% on cost

Residual values are based upon prices prevailing at the date of acquisition or subsequent valuation. Provision is made in the profit and loss account for any permanent diminution in value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, which include trade debtors, cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price and are subsequently recognised at amortised cost.

The LLP has no financial assets or financial liabilities measured at fair value, and has no external borrowings, therefore the LLP is not exposed to any risk arising from the interest rate benchmark reform as LIBOR is replaced with alternative benchmark interest rates.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation
Taxation payable on the profit's of the LLP is the personal liability of the members. A retention from profits is made to fund future payments of taxation on the members behalf. The retention is reflected in loans and other debts due to members.

4. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2024 - NIL).

LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 130,118
Additions 19,431
At 31 March 2025 149,549
DEPRECIATION
At 1 March 2024 115,074
Charge for period 7,932
At 31 March 2025 123,006
NET BOOK VALUE
At 31 March 2025 26,543
At 29 February 2024 15,044

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 29 February 2024 1

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 31 March 2025 1,202,085
NET BOOK VALUE
At 31 March 2025 1,202,085
At 29 February 2024 1,202,085

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,483,997 1,258,928

LILY DIGITAL LLP (REGISTERED NUMBER: OC325438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 6,373 2,207
Amounts owed to group undertakings 19,500 18,000
Taxation and social security 1,762 31,479
Other creditors 7,837 7,497
35,472 59,183

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu in relation to other creditors.

11. RELATED PARTY DISCLOSURES

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.