Registration number: 14619855

Lillie Rae Estates Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Lillie Rae Estates Limited

(Registration number: 14619855)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,691	3,587
Investment property	5	610,000	410,000
		612,691	413,587
Current assets
Debtors	6	11,357	272
Cash at bank and in hand		315	59
		11,672	331
Creditors: Amounts falling due within one year	7	(3,584)	(142,922)
Net current assets/(liabilities)		8,088	(142,591)
Total assets less current liabilities		620,779	270,996
Creditors: Amounts falling due after more than one year	7	(449,937)	(147,013)
Net assets		170,842	123,983
Capital and reserves
Called up share capital		100	1
Other reserves		204,673	177,963
Retained earnings		(33,931)	(53,981)
Shareholders' funds		170,842	123,983

Lillie Rae Estates Limited

(Registration number: 14619855)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 December 2025
 

......................................... Mr J M Simpson Director

Lillie Rae Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Worthing Place
Stoke-On-Trent
ST3 2SB
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the director. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received in respect of rental income.

Tax

The tax expense for the period comprises of current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Lillie Rae Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Lillie Rae Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 July 2024	4,200	4,200
At 30 June 2025	4,200	4,200
Amortisation
At 1 July 2024	613	613
Amortisation charge	896	896
At 30 June 2025	1,509	1,509
Carrying amount
At 30 June 2025	2,691	2,691
At 30 June 2024	3,587	3,587

5	Investment properties

	2025 £
At 1 July	410,000
Additions	243,290
Disposals	(120,000)
Fair value adjustments	76,710
At 30 June	610,000

Investment property has been valued by the director. There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Prepayments	638	272
Other debtors	10,719	-
	11,357	272

Lillie Rae Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		-	132,996
Accruals and deferred income		2,120	1,495
Other creditors		1,464	8,431
		3,584	142,922

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		449,937	147,013

The bank borrowings are secured against the properties to which they relate.

8	Related party transactions

Summary of transactions with subsidiaries

Loans to related parties

2025	Subsidiary £	Total £
Advanced	26,855	26,855
Repaid	(16,135)	(16,135)
At end of period	10,720	10,720