Company No: 04932635 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks		1,419,614		1,419,614
Debtors	3	196,658		195,954
Cash at bank and in hand		135,904		168,181
		1,752,176		1,783,749
Creditors: amounts falling due within one year	4	( 93,122)		( 98,145)
Net current assets		1,659,054		1,685,604
Total assets less current liabilities		1,659,054		1,685,604
Net assets		1,659,054		1,685,604
Capital and reserves
Called-up share capital	5	2		2
Profit and loss account		1,659,052		1,685,602
Total shareholder's funds		1,659,054		1,685,604

For the financial year ending 30 September 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lillygrange Limited (registered number: 04932635) were approved and authorised for issue by the Director on 17 June 2026. They were signed on its behalf by:

W J H Hiley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lillygrange Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Summerlock Mews, 100A Fisherton Street, Salisbury, Wiltshire, SP2 7QY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, which has been provided under contracts with customers to the extent there is a right to consideration. Where customers pay in advance, the amount received is recorded as deferred income and released to profit and loss over the period of the contract.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Work in progress represents the purchase price of the property plus development costs that will be fully recoverable on sale. Net realisable value represents the valuation of the property which is calculated using the future income streams through rent or potential sale

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Debtors

	2025		2024
	£		£
Trade debtors	18,466		15,784
Amounts owed by Group undertakings	178,192		178,192
VAT recoverable	0		404
Corporation tax	0		1,574
	196,658		195,954

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,911		10,835
Amounts owed to director	62,000		62,000
Accruals	24,250		24,050
Other taxation and social security	3,991		292
Other creditors	970		968
	93,122		98,145

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

6. Related party transactions

Transactions with owners holding a participating interest in the entity

A guarantee of up to £1,175,000 has been provided by Zerocable Limited , the parent company, on the company's borrowing from Coutts & Co.