IRIS Accounts Production v23.3.1.45 01382129 director 1.11.22 31.10.23 31.10.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013821292022-10-31013821292023-10-31013821292022-11-012023-10-31013821292021-10-31013821292021-11-012022-10-31013821292022-10-3101382129ns10:Originalns15:EnglandWales2022-11-012023-10-3101382129ns14:PoundSterlingns10:Original2022-11-012023-10-3101382129ns10:Originalns10:Director12022-11-012023-10-3101382129ns10:Original2022-11-012023-10-3101382129ns10:Original2023-10-3101382129ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101382129ns10:Originalns10:SmallEntities2022-11-012023-10-3101382129ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101382129ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3101382129ns10:Originalns10:FullAccounts2022-11-012023-10-3101382129ns10:Originalns10:OrdinaryShareClass12022-11-012023-10-3101382129ns10:CompanySecretary1ns10:Original2022-11-012023-10-3101382129ns10:Originalns10:RegisteredOffice2022-11-012023-10-3101382129ns10:Original2022-10-3101382129ns10:Originalns5:CurrentFinancialInstruments2023-10-3101382129ns10:Originalns5:CurrentFinancialInstruments2022-10-3101382129ns5:ShareCapitalns10:Original2023-10-3101382129ns5:ShareCapitalns10:Original2022-10-3101382129ns10:Originalns5:RevaluationReserve2023-10-3101382129ns10:Originalns5:RevaluationReserve2022-10-3101382129ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3101382129ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3101382129ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3101382129ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3101382129ns10:Original2021-11-012022-10-3101382129ns10:Original2022-10-3101382129ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3101382129ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3101382129ns10:Originalns5:DeferredTaxation2022-10-3101382129ns10:Originalns5:DeferredTaxation2023-10-3101382129ns10:Originalns10:OrdinaryShareClass12023-10-3101382129ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3101382129ns10:Originalns5:RevaluationReserve2022-10-3101382129ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3101382129ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 01382129 (England and Wales)












CHARLES SYMEOU PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES SYMEOU PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr C Symeou





SECRETARY: Mrs C Symeou





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 01382129 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,395,000 1,395,000

CURRENT ASSETS
Debtors 5 119,554 70,561
Cash at bank and in hand 88,560 124,165
208,114 194,726
CREDITORS
Amounts falling due within one year 6 134,218 123,182
NET CURRENT ASSETS 73,896 71,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,468,896

1,466,544

PROVISIONS FOR LIABILITIES 7 183,776 183,776
NET ASSETS 1,285,120 1,282,768

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Revaluation reserve 9 26,000 26,000
Fair value reserve 9 1,014,599 1,014,599
Retained earnings 9 242,521 240,169
SHAREHOLDERS' FUNDS 1,285,120 1,282,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





Mr C Symeou - Director


CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Charles Symeou 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 1A in the current year and an explanation on how transition of FRS 102 1A has affected the reported financial position and performance is given in the notes.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit in arising from changes in fair value are recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income StatementProfit and Loss Account, 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 1 (2022 - 1 ) .

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,395,000
NET BOOK VALUE
At 31 October 2023 1,395,000
At 31 October 2022 1,395,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 1,193,435
Valuation in 2022 26,000
Cost 175,565
1,395,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 975 975
Related company 117,515 69,000
Prepayments 1,064 586
119,554 70,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Corporation tax 6,416 10,413
Shareholders loan 38,515 38,515
Directors' current accounts 88,447 73,438
Accrued expenses 840 816
134,218 123,182

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 183,776 183,776

Deferred
tax
£   
Balance at 1 November 2022 183,776
Deferred tax
Balance at 31 October 2023 183,776

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2,000 Share capital 1 £1 2,000 2,000

9. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 November 2022 240,169 26,000 1,014,599 1,280,768
Profit for the year 27,352 27,352
Dividends (25,000 ) (25,000 )
At 31 October 2023 242,521 26,000 1,014,599 1,283,120

10. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any individual shareholders.