Lyrelia Developments Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 14506580

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		10		10

			10		10
CURRENT ASSETS
Debtors	5	1,833,324		999,991
Cash at bank		4,918		15,042

		1,838,242		1,015,033
Creditors: Amounts Falling Due Within One Year	6	(144,867 )		(110,352 )

NET CURRENT ASSETS (LIABILITIES)			1,693,375		904,681

TOTAL ASSETS LESS CURRENT LIABILITIES			1,693,385		904,691

Creditors: Amounts Falling Due After More Than One Year	7		(1,833,333 )		(1,000,000 )

NET LIABILITIES			(139,948 )		(95,309 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Income Statement			(139,949 )		(95,310 )

SHAREHOLDERS' FUNDS			(139,948)		(95,309)

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Lyrelia Developments Ltd

Statement of Financial Position (continued)

As At 30 November 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the director and authorised for issue on 24 August 2026 and were signed by:

B O Stringer

Director

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lyrelia Developments Ltd is a private company, limited by shares, registered in England & Wales. The address of the registered office is Cpc, Office A, Unit4 Whitehall Waterfront, 2 Riverside Way, Leeds, LS1 4EH.

The principal activity of the company is that of property investment.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The following principal accounting policies have been applied:

2.2. Going Concern Disclosure

These accounts have been prepared on the going concern basis on the understanding that the shareholders will continue to financially support the company to enable it to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

2.3. Taxation

Tax is recognised in the Statement of income and retained earnings.

The current income 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 income.

2.4. Investments

Investments in associates are held at cost less impairment.

2.5. Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.6. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more than 24 hours.

3. Average Number of Employees

Average monthly number of employees, including directors, during the year was: 1 (2024: 1)

4. Investments

	Other
	£
Cost
As at 1 December 2024	10

As at 30 November 2025	10

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	10

As at 1 December 2024	10

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Lyrelia Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1	1
Amounts owed by associates	1,833,323	999,990

	1,833,324	999,991

Short-term debtors are measured at transaction price, less any impairment.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,400	-
Other loans	44,625	44,625
Other creditors	2	2
Accrued expenses	94,840	65,725

	144,867	110,352

Short-term creditors are measured at transaction price.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	1,833,333	1,000,000

On 7 December 2022, the company entered into a loan agreement with a third-party lender for £1,000,000. The loan has a term of three years, maturing on 6 December 2025, and interest is accrued daily at a rate of 3% per annum.

On 22 September 2025, the company entered into a further loan agreement with a third-party lender for £833,333.The loan has a term of three years, maturing on 21 September 2028, and interest is accrued daily at a rate of 3% per annum.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

The company has 1 Ordinary share in issue with a nominal value of £1.

9. Related Party Transactions

At the year-end £999,990 (2024: £999,990) was owed from a company in which Lyrelia Developments Ltd holds a minority interest. This balance is included within amounts owed by associates.

In addition, £833,333 (2024: £Nil) was owed from a company under common directorship. This balance is also included within amounts owed by associates.

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