pinacle - Company Accounts (iXBRL 6.0.16)

LILYMERE LIMITED

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2017

COMPANY REGISTRATION NUMBER - 1991149

	1.
LILYMERE LIMITED
COMPANY NUMBER - 1991149
BALANCE SHEET AS AT 31 MARCH 2017

			2017		2016
			----		----

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		184,257		184,257
Investments	5		45,050		45,050
Investments-Joint Property
Syndicates	6		895,521		1,346,068
			1,124,828		1,575,375
CURRENT ASSETS
Debtors	7	555,229		492,883
Cash at bank and in hand		781,686		192,918
		1,336,915		685,801
CURRENT LIABILITIES
CREDITORS - Amounts
falling due within one year	8	17,070		8,831
NET CURRENT ASSETS			1,319,845		676,970
TOTAL ASSETS LESS CURRENT LIABILITIES			2,444,673		2,252,345

	2.
LILYMERE LIMITED
COMPANY NUMBER - 1991149
BALANCE SHEET AS AT 31 MARCH 2017

			2017		2016
			----		----
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital			2		2
Profit and Loss account			2,444,671		2,252,343
SHAREHOLDERS' FUNDS			2,444,673		2,252,345

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on19 March 2018
and signed on their behalf by:
P SIMON
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
LILYMERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2017
1. COMPANY INFORMATION

Lilymere Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 1991149.

The company's registered office is Bowsall House, 3 King Street, Salford, M3 7DG .

2. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 9.

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

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable. Turnover is reduced for estimated rebates and other similar allowances.

INVESTMENT PROPERTIES

Investment property is carried at fair value as determined by the directors. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains or losses at the rate that is expected to apply to them when the property is sold.

INVESTMENTS IN JOINT PROPERTY SYNDICATES

Investments in syndicates are accounted for under the equity accounting method.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES

The average number of persons employed by the company (including directors) during the year was 2 (2016 - 2).

	4.
LILYMERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2017

4. FIXED ASSETS - TANGIBLE

	Land and
	Buildings
Fair value	£
At 1 April 2016	184,257
and 31 March 2017
Net book values
At 31 March 2017	184,257
At 1 April 2016	184,257

5. FIXED ASSETS - INVESTMENTS

	Unlisted	Listed
	Investments	Investments	Total
	£	£	£
Cost
At 1 April 2016	25,050	20,000	45,050
and 31 March 2017
Listed investments
Listed investments comprise investments which
are listed on the London Stock Exchange.
6. INVESTMENTS IN JOINT SYNDICATES

£

Investment at 1 April 2016	1,346,068
Surplus for the year	217,053
	1,563,121
Repaid	(667,600)
	895,521

	5.
LILYMERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2017

	2017		2016
	----		----
	£		£
7. DEBTORS
Due within one year:
Trade debtors	6,250		-
Other debtors	548,979		492,883
	555,229		492,883

Included in other debtors are directors' overdrawn current accounts:-
				Maximum
		01:04:16	31:03:17	in year
		£	£	£
P Simon		27,026	38,118	38,118
T Chesses		-	11,139	11,139

	2017		2016
	----		----
	£		£
8. CREDITORS
Amounts falling due within one year:
Taxation and social security	15,176		5,760
Other creditors	1,894		3,071
	17,070		8,831

9. IMPACT OF FIRST YEAR ADOPTION OF FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.