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Lil Milan Ltd

14081895

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

10 DUNELM STREET, LONDON, E1 0QQ
Incorporated 03/05/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47770
Retail sale of watches and jewellery in specialised stores

Officers

Mr Filippo Varetta

director · Since 03/05/2022

DIRECTOR

ITALIAN · ENGLAND · Age 35

Persons with Significant Control

Ms Paola Conversano

25–50% shares
25–50% votes

Italian · Italy · Age 67

Snc, Via F.Lli Cervi, Segrate, 20054

Notified 03/05/2022

Ms Veronica Varetta

50–75% shares
50–75% votes
Appoint directors

Italian · Italy · Age 33

Snc, Via F.Lli Cervi, Segrate, 20054

Notified 03/05/2022

CompanyRankvs 5637+ SIC 47770 peers
12

Financial strength4th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.17× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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5637Lil Milan Ltd
22
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity4/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

-£83k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£83k

Working capital

Current Assets

£17k

Current Liabilities

£100k

Debtors

£5k

Tax at Year End(2023)

VAT£4k

Director Loans

Company owes directors£798

Balance Sheet

Assets less current liabilities-£83k
Signed by Mr Filippo VARETTA 31/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.17-£27k—
20230.21-£31k£88k
20220.61—£88k

Derived from filed accounts. Not audited figures.