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Company Registration No. 09928798 (England and Wales)
Lilly Facilities Management Ltd Unaudited accounts for the year ended 31 December 2024
Lilly Facilities Management Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lilly Facilities Management Ltd Company Information for the year ended 31 December 2024
Director
Nicola Collis-Smith
Company Number
09928798 (England and Wales)
Registered Office
LITTLE OWL BARN KILGWRRWG DEVAUDEN CHEPSTOW GWENT NP16 6PN WALES
Accountants
Carl Postians The Uplands 48 Blackwood Road Pontllanfraith Gwent NP12 2BW
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Lilly Facilities Management Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
18,664 
5,528 
Current assets
Debtors
5
213,950 
- 
Cash at bank and in hand
69,261 
72,875 
283,211 
72,875 
Creditors: amounts falling due within one year
6
(23,201)
(51,949)
Net current assets
260,010 
20,926 
Total assets less current liabilities
278,674 
26,454 
Creditors: amounts falling due after more than one year
7
(19,973)
193,950 
Net assets
258,701 
220,404 
Capital and reserves
Profit and loss account
258,701 
220,404 
Shareholders' funds
258,701 
220,404 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 April 2025 and were signed on its behalf by
Nicola Collis-Smith Director Company Registration No. 09928798
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Lilly Facilities Management Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lilly Facilities Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 09928798. The registered office is LITTLE OWL BARN KILGWRRWG, DEVAUDEN, CHEPSTOW, GWENT, NP16 6PN, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Other tangible fixed assets
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
58,170 
38,195 
11,630 
107,995 
Additions
- 
20,414 
- 
20,414 
Disposals
- 
(5,500)
- 
(5,500)
At 31 December 2024
58,170 
53,109 
11,630 
122,909 
Depreciation
At 1 January 2024
58,670 
32,167 
11,630 
102,467 
Charge for the year
- 
7,278 
- 
7,278 
On disposals
- 
(5,500)
- 
(5,500)
At 31 December 2024
58,670 
33,945 
11,630 
104,245 
Net book value
At 31 December 2024
(500)
19,164 
- 
18,664 
At 31 December 2023
(500)
6,028 
- 
5,528 
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Lilly Facilities Management Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
213,950 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,106 
13,495 
VAT
17,069 
16,400 
Taxes and social security
491 
23,961 
Other creditors
(1,472)
(1,914)
Loans from directors
7 
7 
23,201 
51,949 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,973 
- 
Amounts owed to group undertakings and other participating interests
- 
(193,950)
19,973 
(193,950)
8
Transactions with related parties
During the reporting period, Lilly Facilities Management Ltd provided a series of loans to Sure-Thing Property Investments Ltd and Sure-Thing Property LLP, entities under common control. Paul Collis-Smith and Nicola Collis-Smith are directors of both Lilly Facilities Management Ltd and Sure-Thing Property Investments Ltd, and are also partners in Sure-Thing Property LLP. The loans, which are unsecured, carry an interest rate of 4% per annum and are repayable over a period of six years. There is no specific repayment schedule, and no guarantees or collateral were provided as security for these loans. Details of the loans provided during the year are as follows: Date Amount (£) Borrower 30-May-2022 £7,000 Sure-Thing Property Investments Ltd 17-Jun-2022 £16,000 Sure-Thing Property Investments Ltd 03-Aug-2022 £63,328.40 Sure-Thing Property Investments Ltd 30-Dec-2022 £4,000 Sure-Thing Property Investments Ltd 25-Sep-2023 £50,000 Sure-Thing Property LLP 05-Oct-2023 £50,000 Sure-Thing Property Investments Ltd 06-Oct-2023 £50,000 Sure-Thing Property LLP 05-Oct-2023 £17,000 Sure-Thing Property LLP
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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