REGISTERED NUMBER: 14231141 (England and Wales)

Lilley-Brown Property Solutions Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

278

348

Investment property

5

635,107

240,000

635,385

240,348

CURRENT ASSETS

Debtors

6

9,759

4,038

Cash at bank

1,697

3,987

11,456

8,025

CREDITORS

Amounts falling due within one year

7

166,718

132,513

NET CURRENT LIABILITIES

(155,262

)

(124,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

480,123

115,860

CREDITORS

Amounts falling due after more than one year

8

(416,721

)

(62,000

)

PROVISIONS FOR LIABILITIES

(19,951

)

(13,504

)

NET ASSETS

43,451

40,356

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

43,449

40,354

43,451

40,356

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr D M Lilley-Brown - Director

Mrs S E Lilley-Brown - Director

1.	STATUTORY INFORMATION

Lilley-Brown Property Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14231141

Registered office:

Suite 16, Enterprise House

Telford Road

Bicester

Oxon

OX26 4LD

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

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

435

DEPRECIATION

At 1 January 2024

87

Charge for year

70

At 31 December 2024

157

NET BOOK VALUE

At 31 December 2024

278

At 31 December 2023

348

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

240,000

Additions

361,107

Revaluations

34,000

At 31 December 2024

635,107

NET BOOK VALUE

At 31 December 2024

635,107

At 31 December 2023

240,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

70,725

Valuation in 2024

34,000

Cost

530,382

635,107

If Investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

530,382

169,275

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

9,759

4,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

166,718

132,513

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

416,721

62,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

416,721

62,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

416,721

62,000

The long term loans are secured by negative pledges and/or fixed charges over the investment properties held in the company.