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REGISTERED NUMBER: 12347180 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Georgian Properties Investments Limited

Georgian Properties Investments Limited (Registered number: 12347180)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Georgian Properties Investments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: RD Kiashek
Mrs Ilmije Kiashek





REGISTERED OFFICE: 4th Floor
167 Fleet Street
London
EC4A 2EA





REGISTERED NUMBER: 12347180 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Georgian Properties Investments Limited (Registered number: 12347180)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,195,000 1,195,000

CURRENT ASSETS
Debtors 5 12,805 10,399
Cash at bank and in hand 48,411 40,708
61,216 51,107
CREDITORS
Amounts falling due within one year 6 58,926 48,022
NET CURRENT ASSETS 2,290 3,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,290

1,198,085

CREDITORS
Amounts falling due after more than one
year

7

(340,475

)

(876,223

)

PROVISIONS FOR LIABILITIES 9 (67,227 ) (86,639 )
NET ASSETS 789,588 235,223

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 822,375 295,000
Retained earnings (32,887 ) (59,877 )
SHAREHOLDERS' FUNDS 789,588 235,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Georgian Properties Investments Limited (Registered number: 12347180)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




RD Kiashek - Director



Mrs Ilmije Kiashek - Director


Georgian Properties Investments Limited (Registered number: 12347180)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Georgian Properties Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Going concern
After considering the company's prospects, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rents receivable for the year from investment properties, net of vat.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Georgian Properties Investments Limited (Registered number: 12347180)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,195,000
NET BOOK VALUE
At 31 March 2023 1,195,000
At 31 March 2022 1,195,000

The investment properties comprising of two flats held on long term leases in the block owned by the parent company were revalued on a fair value basis by the director with reference to similar properties sold recently in the block of the company as at the year end. The historical cost of the investment properties is £372,625 (2022: £372,625).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tenants deposits held by government agency 3,663 3,663
Prepayments and accrued income 9,142 6,736
12,805 10,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 21,072 14,240
Amounts owed to group undertakings 25,000 25,000
Tax 1,778 2,950
Refundable tenants deposits 3,663 3,663
Accruals and deferred income 7,413 2,169
58,926 48,022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 152,445 165,252
Amounts owed to group undertakings 188,030 710,971
340,475 876,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 73,671 89,652

The amounts owed to group undertakings is interest free.

Georgian Properties Investments Limited (Registered number: 12347180)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans within 1 year 21,072 14,240

Amounts falling due between one and two years:
Bank loans between 1-2 years 36,000 28,800

Amounts falling due between two and five years:
Bank loans between 2-5 years 42,774 46,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 73,671 89,652

The bank loan facility is secured by a fixed charge over the two residential properties of the company and is repayable over 10 years from first drawdown.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 67,227 86,639

Deferred
tax
£   
Balance at 1 April 2022 86,639
Credit to Income Statement during year (19,412 )
Balance at 31 March 2023 67,227

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Georgian Properties Investments Limited (Registered number: 12347180)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Georgian Properties Limited which at the date of approval of those accounts was under the control of the Executrix of the Estate of the late Mrs Irene Kiashek.