Lippco Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11142601

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		358		447
Investment Properties	5		154,078		154,078

			154,436		154,525
CURRENT ASSETS
Debtors	6	4,410		4,410
Cash at bank and in hand		111		416

		4,521		4,826
Creditors: Amounts Falling Due Within One Year	7	(63,896 )		(54,118 )

NET CURRENT ASSETS (LIABILITIES)			(59,375 )		(49,292 )

TOTAL ASSETS LESS CURRENT LIABILITIES			95,061		105,233

Creditors: Amounts Falling Due After More Than One Year	8		(110,379 )		(105,175 )

NET (LIABILITIES)/ASSETS			(15,318 )		58

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(16,318 )		(942 )

SHAREHOLDERS' FUNDS			(15,318)		58

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Lippco Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Omobola Odanye

Director

16/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lippco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11142601 . The registered office is 2 North Weald Close Hornchurch, Essex, Essex, RM12 5AQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

1Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	874

As at 31 March 2025	874

Depreciation
As at 1 April 2024	427
Provided during the period	89

As at 31 March 2025	516

Net Book Value
As at 31 March 2025	358

As at 1 April 2024	447

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Lippco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	154,078

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	4,410	4,410

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	-	5,204
Accruals and deferred income	15,246	504
Directors' loan accounts	48,650	48,410

	63,896	54,118

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	110,379	105,175

The company has allowed a legal mortgage and charge over the company's assets, including the investment property with a carrying amount of £110,000 as security for the mortgage loan.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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