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REGISTERED NUMBER: 03602844 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CLASSIQUE PROPERTIES LIMITED

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIQUE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr J Paschali
Mr G Georgiou



REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ



REGISTERED NUMBER: 03602844 (England and Wales)



ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ



BANKERS: Barclays Bank PLC
54 Lombard Street
London
EC3P 3AH

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 922 1,229
Investments 5 66 66
Investment property 6 1,753,470 1,753,470
1,754,458 1,754,765

CURRENT ASSETS
Debtors 7 1,446,694 1,458,037
Cash at bank and in hand 203,585 228,086
1,650,279 1,686,123
CREDITORS
Amounts falling due within one year 8 29,229 35,974
NET CURRENT ASSETS 1,621,050 1,650,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,375,508

3,404,914

CREDITORS
Amounts falling due after more than one
year

9

(921,418

)

(974,409

)

PROVISIONS FOR LIABILITIES (44,942 ) (44,942 )
NET ASSETS 2,409,148 2,385,563

CAPITAL AND RESERVES
Called up share capital 11 102 102
Fair value reserve 12 506,904 506,904
Retained earnings 1,902,142 1,878,557
SHAREHOLDERS' FUNDS 2,409,148 2,385,563

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

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

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

BALANCE SHEET - continued
31 JULY 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 14 March 2024 and were signed on its behalf by:





Mr J Paschali - Director


CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


1. STATUTORY INFORMATION

Classique 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 ) .

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


4. TANGIBLE FIXED ASSETS
Furniture
and
equipment
£   
COST
At 1 August 2022
and 31 July 2023 4,731
DEPRECIATION
At 1 August 2022 3,502
Charge for year 307
At 31 July 2023 3,809
NET BOOK VALUE
At 31 July 2023 922
At 31 July 2022 1,229

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 August 2022
and 31 July 2023 66
NET BOOK VALUE
At 31 July 2023 66
At 31 July 2022 66

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,753,470
NET BOOK VALUE
At 31 July 2023 1,753,470
At 31 July 2022 1,753,470

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2004 109,297
Valuation in 2009 170,386
Valuation in 2017 325,829
Cost 1,147,958
1,753,470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 13,333 13,333
Amounts due by related parties 1,433,361 1,442,759
VAT - 1,945
1,446,694 1,458,037

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 3,024 14,367
Tax 5,604 1,607
Deposits held 17,000 17,000
Accrued expenses 3,601 3,000
29,229 35,974

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yr by instal 921,418 974,409

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 921,418 974,409

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 921,418 974,409

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
102 Ordinary £1 102 102

12. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 506,904