REGISTERED NUMBER: 10824657 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

ILLY INVESTMENTS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

58

78

Investments

5

1

1

Investment property

6

404,000

404,000

404,059

404,079

CURRENT ASSETS

Debtors

7

126,387

7,780

Cash at bank and in hand

1,449

1,034

127,836

8,814

CREDITORS

Amounts falling due within one year

8

132,259

74,505

NET CURRENT LIABILITIES

(4,423

)

(65,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

399,636

338,388

CREDITORS

Amounts falling due after more than one year

9

(283,289

)

(279,516

)

PROVISIONS FOR LIABILITIES

11

(6,234

)

(6,234

)

NET ASSETS

110,113

52,638

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

26,577

26,577

Retained earnings

83,336

25,861

110,113

52,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

Mr A Christou - Director

1.	STATUTORY INFORMATION

ILLY Investments 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:

10824657

Registered office:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

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.

Preparation of consolidated financial statements

The financial statements contain information about ILLY Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent rom other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Property, plant & equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries

Investments in subsidiary undertakings are recognized at cost less any impairment.

Investment property

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 July 2024

and 30 June 2025

438

DEPRECIATION

At 1 July 2024

360

Charge for year

20

At 30 June 2025

380

NET BOOK VALUE

At 30 June 2025

58

At 30 June 2024

78

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

1

NET BOOK VALUE

At 30 June 2025

1

At 30 June 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

404,000

NET BOOK VALUE

At 30 June 2025

404,000

At 30 June 2024

404,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

32,811

Cost

371,189

404,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

371,189

371,189

Investment property was valued on an open market basis on 30 June 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

126,387

7,780

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,035

3,855

Amounts owed to group undertakings

94,361

62,561

Taxation and social security

-

597

Other creditors

33,863

7,492

132,259

74,505

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

283,289

279,516

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

283,289

279,516

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

283,289

279,516

The bank loan is secured by way of fixed and floating charge on the property of the company and contains a negative pledge.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,234

6,234

Deferred

tax

£

Balance at 1 July 2024

6,234

Balance at 30 June 2025

6,234

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £124,715 (2024: £6,152) due from connected companies with common directorship and shareholding. The loans were interest free and recoverable on demand.

Included in the other creditors due within a year is an amount of £ 22,998 (2024: £4,512) due to connected companies with common directorship and shareholding. The loans were interest free and repayable on demand.