IRIS Accounts Production v23.3.1.45 12508072 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125080722022-03-31125080722023-03-31125080722022-04-012023-03-31125080722021-03-31125080722021-04-012022-03-31125080722022-03-3112508072ns10:Originalns15:EnglandWales2022-04-012023-03-3112508072ns14:PoundSterlingns10:Original2022-04-012023-03-3112508072ns10:Originalns10:Director12022-04-012023-03-3112508072ns10:Original2022-04-012023-03-3112508072ns10:Original2023-03-3112508072ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3112508072ns10:Originalns10:SmallEntities2022-04-012023-03-3112508072ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3112508072ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112508072ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3112508072ns10:Originalns10:FullAccounts2022-04-012023-03-3112508072ns10:Original2021-04-012022-03-3112508072ns10:Originalns10:RegisteredOffice2022-04-012023-03-3112508072ns10:Original2022-03-3112508072ns10:Originalns5:CurrentFinancialInstruments2023-03-3112508072ns10:Originalns5:CurrentFinancialInstruments2022-03-3112508072ns10:Originalns5:Non-currentFinancialInstruments2023-03-3112508072ns10:Originalns5:Non-currentFinancialInstruments2022-03-3112508072ns5:ShareCapitalns10:Original2023-03-3112508072ns5:ShareCapitalns10:Original2022-03-3112508072ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3112508072ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112508072ns10:Original2022-03-3112508072ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112508072ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3112508072ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3112508072ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-31
REGISTERED NUMBER: 12508072 (England and Wales)















Panteli Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Panteli Properties Limited (Registered number: 12508072)






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


Panteli Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G A Nicolas Panteli





REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG





REGISTERED NUMBER: 12508072 (England and Wales)





ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG

Panteli Properties Limited (Registered number: 12508072)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 597,883 597,883

CURRENT ASSETS
Debtors 5 2,139 1,808
Cash at bank 54,226 17,840
56,365 19,648
CREDITORS
Amounts falling due within one year 6 247,954 351,258
NET CURRENT LIABILITIES (191,589 ) (331,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,294

266,273

CREDITORS
Amounts falling due after more than one
year

7

382,855

255,726
NET ASSETS 23,439 10,547

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,339 10,447
23,439 10,547

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 director acknowledges his 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.

Panteli Properties Limited (Registered number: 12508072)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





G A Nicolas Panteli - Director


Panteli Properties Limited (Registered number: 12508072)

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

1. STATUTORY INFORMATION

Panteli Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

Panteli Properties Limited (Registered number: 12508072)

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 597,883
NET BOOK VALUE
At 31 March 2023 597,883
At 31 March 2022 597,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 2,139 1,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 800 1,627
Tax 6,413 2,920
Directors' current accounts 239,451 345,631
Accrued expenses 1,290 1,080
247,954 351,258

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans more 5 yr by instal 382,855 255,726

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 382,855 255,726