LILY LOLO LTD 31/05/2026 iXBRL

Company registration number: 05443092

LILY LOLO LTD

Trading as Lily Lolo Ltd

Unaudited filleted financial statements

31 May 2026

LILY LOLO LTD

Contents

Directors and other information

Directors report

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LILY LOLO LTD

Directors and other information


	Directors	Mrs Vikki Khan
		Mr Arfan Khan


	Secretary	Mr Arfan Khan


	Company number	05443092


	Registered office	Unit 3
		Banner Court
		Hull
		HU4 7DX


	Business address	Unit 3A
		Banner Court
		Hull
		HU4 7DX


	Accountants	The Accounting Company (Leeds) Limited
		172 Easterly Road
		Leeds
		West Yorkshire
		LS8 3AD




	Bankers	Lloyds TSB
		Park Row
		Leeds

LILY LOLO LTD

Directors report

Year ended 31 May 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 May 2026.

Directors

The directors who served the company during the year were as follows:

Mrs Vikki Khan

Mr Arfan Khan

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 20 August 2026 and signed on behalf of the board by:

Mrs Vikki Khan Mr Arfan Khan

Director Director

LILY LOLO LTD

Report to the board of directors on the preparation of the

unaudited statutory financial statements of LILY LOLO LTD

Year ended 31 May 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2026 which comprise the statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

The Accounting Company (Leeds) Limited

Chartered Certified Accountants

172 Easterly Road

Leeds

West Yorkshire

LS8 3AD

20 August 2026

LILY LOLO LTD

Statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	9,002		14,255
Tangible assets	6	410,432		415,957
Investments	7	2,114,499		220,843
		_______		_______
			2,533,933		651,055

Current assets
Stocks		486,725		523,539
Debtors	8	154,490		141,827
Cash at bank and in hand		3,481,554		4,995,535
		_______		_______
		4,122,769		5,660,901
Creditors: amounts falling due
within one year	9	( 291,868)		( 271,825)
		_______		_______
Net current assets			3,830,901		5,389,076
			_______		_______
Total assets less current liabilities			6,364,834		6,040,131


Provisions for liabilities			( 13,184)		( 15,878)

			_______		_______
Net assets			6,351,650		6,024,253
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			6,351,550		6,024,153
			_______		_______
Shareholders funds			6,351,650		6,024,253
			_______		_______

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 August 2026 , and are signed on behalf of the board by:

Mrs Vikki Khan Mr Arfan Khan

Director Director

Company registration number: 05443092

LILY LOLO LTD

Statement of changes in equity

Year ended 31 May 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2024	100	5,711,935	5,712,035

Profit for the year		742,218	742,218
	_______	_______	_______
Total comprehensive income for the year	-	742,218	742,218

Dividends paid and payable		( 430,000)	( 430,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 430,000)	( 430,000)

	_______	_______	_______
At 31 May 2025 and 1 June 2025	100	6,024,153	6,024,253

Profit for the year		757,397	757,397
	_______	_______	_______
Total comprehensive income for the year	-	757,397	757,397

Dividends paid and payable		( 430,000)	( 430,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 430,000)	( 430,000)

	_______	_______	_______
At 31 May 2026	100	6,351,550	6,351,650
	_______	_______	_______

LILY LOLO LTD

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lily Lolo Ltd, Unit 3, Banner Court, Hull, HU4 7DX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 6 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 June 2025 and 31 May 2026	139,933	139,933
	_______	_______
Amortisation
At 1 June 2025	125,678	125,678
Charge for the year	5,253	5,253
	_______	_______
At 31 May 2026	130,931	130,931
	_______	_______
Carrying amount
At 31 May 2026	9,002	9,002
	_______	_______
At 31 May 2025	14,255	14,255
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 June 2025	375,951	18,182	117,594	511,727
Additions	-	-	120	120
	_______	_______	_______	_______
At 31 May 2026	375,951	18,182	117,714	511,847
	_______	_______	_______	_______
Depreciation
At 1 June 2025	-	13,260	82,510	95,770
Charge for the year	-	690	4,955	5,645
	_______	_______	_______	_______
At 31 May 2026	-	13,950	87,465	101,415
	_______	_______	_______	_______
Carrying amount
At 31 May 2026	375,951	4,232	30,249	410,432
	_______	_______	_______	_______
At 31 May 2025	375,951	4,922	35,084	415,957
	_______	_______	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 June 2025	220,843	220,843
Additions	1,893,656	1,893,656
	_______	_______
At 31 May 2026	2,114,499	2,114,499
	_______	_______
Impairment
At 1 June 2025 and 31 May 2026	-	-
	_______	_______
Carrying amount
At 31 May 2026	2,114,499	2,114,499
	_______	_______
At 31 May 2025	220,843	220,843
	_______	_______

8. Debtors

	2026	2025
	£	£
Trade debtors	105,809	90,340
Other debtors	48,681	51,487
	_______	_______
	154,490	141,827
	_______	_______

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	47,297	21,852
Corporation tax	242,035	247,464
Social security and other taxes	962	929
Other creditors	1,574	1,580
	_______	_______
	291,868	271,825
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mrs Vikki Khan	( 777)	-	( 777)
		_______	_______	_______

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mrs Vikki Khan	( 215,777)	215,000	( 777)
		_______	_______	_______