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REGISTERED NUMBER: 08990960 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 December 2023

for

Filonia Investments Limited

Filonia Investments Limited (Registered number: 08990960)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Filonia Investments Limited

Company Information
for the Period 1 May 2023 to 31 December 2023







DIRECTOR: S Shakallis





REGISTERED OFFICE: 24A Aldermans Hill
Palmers Green
London
N13 4PN





REGISTERED NUMBER: 08990960 (England and Wales)





ACCOUNTANTS: Alexander Young Limited
15 Curthwaite Gardens
Enfield
EN2 7LW

Filonia Investments Limited (Registered number: 08990960)

Balance Sheet
31 December 2023

31.12.23 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 721,085 721,085

CURRENT ASSETS
Debtors 5 4,426 -
Cash at bank and in hand 65,532 62,494
69,958 62,494
CREDITORS
Amounts falling due within one year 6 21,429 17,866
NET CURRENT ASSETS 48,529 44,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,614

765,713

CREDITORS
Amounts falling due after more than
one year

7

495,152

510,240
NET ASSETS 274,462 255,473

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 274,342 255,353
SHAREHOLDERS' FUNDS 274,462 255,473

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

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

Filonia Investments Limited (Registered number: 08990960)

Balance Sheet - continued
31 December 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 director and authorised for issue on 18 April 2024 and were signed by:





S Shakallis - Director


Filonia Investments Limited (Registered number: 08990960)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 December 2023

1. STATUTORY INFORMATION

Filonia 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.

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.

The Company's freehold properties are investment properties as defined by section 16 of FRS 102. These properties are revalued annually and the aggregate surplus or deficit arising on such revaluation is transferred to the investment property revaluation reserve. In accordance with the provisions of section 16 of FRS102, no depreciation or amortisation is provided in respect of freehold and long leasehold properties. This departure from the requirements of the Companies Act 1985, for all properties to be depreciated, is in the opinion of the directors, necessary for the financial statements to give a true and fair view in accordance with applicable financial reporting standards, as properties are included in the financial statements at their open market value. The effect of depreciation and amortization on value is already reflected in the valuation of the properties, and the amount attributed to this factor by the valuers can not reasonably be separately identified and quantified. Had the provisions of the Act been followed, the assets would not have been affected but revenue profits would have been reduced for this and earlier years.

Taxation
Taxation for the period 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 period 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.

Filonia Investments Limited (Registered number: 08990960)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 31 December 2023 721,085
NET BOOK VALUE
At 31 December 2023 721,085
At 30 April 2023 721,085

In the directors opinion the market value of the freehold investment properties as at the accounting date was as shown in the accounts, which is based on information provided by the company's property managing agents.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Trade debtors 4,426 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Taxation and social security 11,846 7,391
Other creditors 9,583 10,475
21,429 17,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 30.4.23
£    £   
Bank loans 190,677 206,765
Other creditors 304,475 303,475
495,152 510,240

Filonia Investments Limited (Registered number: 08990960)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 304,475 303,475

Repayable by instalments
Bank loans more 5 yr by instal 190,677 206,765