Company Registration No. 11663805 (England and Wales)
Yinka Ilori Limited
Unaudited accounts
for the year ended 31 March 2026
Yinka Ilori Limited
Unaudited accounts
Contents
Yinka Ilori Limited
Company Information
for the year ended 31 March 2026
Director
Olayinka Ayorinde Ilori
Company Number
11663805 (England and Wales)
Registered Office
A and L, Suite 1-3 The Hop Exchange
Southwark Street
London
SE1 1TY
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Yinka Ilori Limited
Accountants' report
Accountants' report to the director of Yinka Ilori Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Yinka Ilori Limited for the year ended
31 March 2026 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Yinka Ilori Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Yinka Ilori Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yinka Ilori Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yinka Ilori Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yinka Ilori Limited. You consider that Yinka Ilori Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yinka Ilori Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
15 September 2026
Yinka Ilori Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
390,725
255,246
Creditors: amounts falling due within one year
(592,921)
(237,842)
Net current assets
709,523
673,746
Net assets
709,524
676,187
Called up share capital
1
1
Profit and loss account
709,523
676,186
Shareholders' funds
709,524
676,187
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2026 and were signed on its behalf by
Olayinka Ayorinde Ilori
Director
Company Registration No. 11663805
Yinka Ilori Limited
Notes to the Accounts
for the year ended 31 March 2026
Yinka Ilori Limited is a private company, limited by shares, registered in England and Wales, registration number 11663805. The registered office is A and L, Suite 1-3 The Hop Exchange, Southwark Street, London, SE1 1TY, England .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The principal activity of the company during the year was the provision of specialised design services. There has been no material change in this activity during the period.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the fair value of consideration receivable for services provided in the ordinary course of business, net of value added tax and trade discounts. Revenue from design services is recognised when the services have been provided. Royalty income is recognised in the year in which it is earned in accordance with the relevant licensing agreements.
Interest income is recognised in profit or loss using the effective interest method.
Short-term employee benefits, including holiday pay, are recognised as expenses as services are rendered. Contributions to defined contribution pension schemes are charged to profit or loss when due.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Yinka Ilori Limited
Notes to the Accounts
for the year ended 31 March 2026
Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities are translated at year-end rates. Exchange differences are recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Computer equipment
25% straight Line
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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.
Yinka Ilori Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
2,000
6,989
8,989
Disposals
(2,000)
-
(2,000)
At 31 March 2026
-
6,989
6,989
At 1 April 2025
-
6,548
6,548
Charge for the year
-
440
440
At 31 March 2026
-
6,988
6,988
At 31 March 2025
2,000
441
2,441
Amounts falling due within one year
Trade debtors
197,698
4,250
Accrued income and prepayments
3,107
5,219
Other debtors
331,752
264,249
Amounts falling due after more than one year
Other debtors
379,162
382,624
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
5,046
4,488
Taxes and social security
151,391
185,548
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £646 (2025: £914) were payable to the fund at the reporting date and are included in creditors.
Yinka Ilori Limited
Notes to the Accounts
for the year ended 31 March 2026
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
260,249
365,778
298,275
327,752
260,249
365,778
298,275
327,752
Loans to directors include interest charged at 2.25% up to 05/04/2025 and at 3.75% thereafter.
The balance outstanding at the end of the period was £327,752, which was repaid in full on 7 April 2026.
9
Transactions with related parties
As at 31 March 2026, the company held the following balances with Yinka Ilori Homeware Limited, Starlight Lettings Limited and Yinka Ilori Foundation, entities under the common control of the director: £100,170 (2025: £122,335) due from Yinka Ilori Homeware Limited, £268,112 (2025: £260,289) due from Starlight Lettings Limited and £10,880 (2025: £Nil) due from Yinka Ilori Foundation. The balances were unsecured, interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2025: 7).