Company registration number 02499320 (England and Wales)
LILYDALE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
LILYDALE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LILYDALE PROPERTIES LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
624,725
721,532
Current assets
Stocks
43,750
87,500
Debtors
4
4,121,109
3,862,800
Cash at bank and in hand
17,828
13,170
4,182,687
3,963,470
Creditors: amounts falling due within one year
5
(39,035)
(23,399)
Net current assets
4,143,652
3,940,071
Net assets
4,768,377
4,661,603
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,768,277
4,661,503
Total equity
4,768,377
4,661,603

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 November 2025 and are signed on its behalf by:
P Marsh
Director
Company registration number 02499320 (England and Wales)
LILYDALE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -
1
Accounting policies
Company information

Lilydale Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Arthur Stanley House, 40-50 Tottenham Street, London, United Kingdom, W1T 4RN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration on the sale of development properties recognised on legal completion and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Stocks

Stocks is valued at the lower of cost and net realisable value. Cost consists of direct costs that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LILYDALE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 6 April 2024
721,532
Disposals
(96,807)
At 5 April 2025
624,725
LILYDALE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,202
17,205
Other debtors
4,108,907
3,845,595
4,121,109
3,862,800
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
24,707
3,630
Other creditors
14,328
19,769
39,035
23,399
6
Related party transactions

At the balance sheet date, the company was owed from a related company £2,050,851 (2024 - £1,919,365). The loan balance is repayable on demand and interest-free.

At the balance sheet date, the company was owed from a related company £2,050,851 (2024 - £1,919,365). The loan balance is repayable on demand and interest-free.

7
Parent company

There is no ultimate controlling party.

2025-04-05 2024-04-06 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity B Marsh P Marsh Ms Amanda Marsh 02499320 2024-04-06 2025-04-05 02499320 2025-04-05 02499320 2024-04-05 02499320 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 02499320 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 02499320 core:WithinOneYear 2025-04-05 02499320 core:WithinOneYear 2024-04-05 02499320 core:CurrentFinancialInstruments 2025-04-05 02499320 core:CurrentFinancialInstruments 2024-04-05 02499320 core:ShareCapital 2025-04-05 02499320 core:ShareCapital 2024-04-05 02499320 core:RetainedEarningsAccumulatedLosses 2025-04-05 02499320 core:RetainedEarningsAccumulatedLosses 2024-04-05 02499320 bus:Director2 2024-04-06 2025-04-05 02499320 2023-04-06 2024-04-05 02499320 2024-04-05 02499320 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 02499320 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 02499320 bus:FRS102 2024-04-06 2025-04-05 02499320 bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 02499320 bus:Director1 2024-04-06 2025-04-05 02499320 bus:CompanySecretary1 2024-04-06 2025-04-05 02499320 bus:FullAccounts 2024-04-06 2025-04-05 xbrli:pure xbrli:shares iso4217:GBP