REGISTERED NUMBER: 07116253 (England and Wales)

Lillyfreya Wealth Management Limited

Unaudited Financial Statements

for the Period 1st April 2025 to 1st April 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D Coglan

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

07116253 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

CURRENT ASSETS

Debtors

4

7,298

27,582

Cash at bank

7,757

4

15,055

27,586

CREDITORS

Amounts falling due within one year

5

(25,312

)

(30,174

)

NET CURRENT LIABILITIES

(10,257

)

(2,588

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,257

)

(2,588

)

CREDITORS

Amounts falling due after more than one year

6

-

(1,000

)

NET LIABILITIES

(10,257

)

(3,588

)

CAPITAL AND RESERVES

Called up share capital

10

10

Profit and loss account

(10,267

)

(3,598

)

SHAREHOLDERS' FUNDS

(10,257

)

(3,588

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1st April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 1st April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27th May 2026 and were signed by:

D Coglan - Director

1.	STATUTORY INFORMATION

Lillyfreya Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents commissions receivable, excluding value added tax.

Tangible fixed assets

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

Taxation

Taxation for the period 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 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 period 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.

Going concern

The company has net current liabilities and net liabilities and is reliant on the support of the director. The company ceased trading on 1st April 2026.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2025 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

7,298

27,582

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,682

18,080

Taxation and social security

1,795

10,224

Other creditors

20,835

1,870

25,312

30,174

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,000

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 1st April 2026 and the year ended 31st March 2025:

2026

2025

£

£

D Coglan

Balance outstanding at start of period

21,813

18,944

Amounts advanced

-

11,484

Amounts repaid

(21,813

)

(8,615

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

21,813

Interest is charged on overdrawn balances at the approved HMRC rates. During the year interest of £395(2025: £484) has been charged.