Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalse2022-03-25No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14003817 2022-03-24 14003817 2022-03-25 2023-03-31 14003817 2021-04-01 2022-03-24 14003817 2023-03-31 14003817 c:Director1 2022-03-25 2023-03-31 14003817 d:OfficeEquipment 2022-03-25 2023-03-31 14003817 d:OfficeEquipment 2023-03-31 14003817 d:OfficeEquipment 2022-03-24 14003817 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-25 2023-03-31 14003817 d:FreeholdInvestmentProperty 2022-03-25 2023-03-31 14003817 d:FreeholdInvestmentProperty 2023-03-31 14003817 d:CurrentFinancialInstruments 2023-03-31 14003817 d:Non-currentFinancialInstruments 2023-03-31 14003817 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14003817 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14003817 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 14003817 d:ShareCapital 2023-03-31 14003817 d:SharePremium 2023-03-31 14003817 d:RetainedEarningsAccumulatedLosses 2023-03-31 14003817 c:OrdinaryShareClass1 2022-03-25 2023-03-31 14003817 c:OrdinaryShareClass1 2023-03-31 14003817 c:OrdinaryShareClass2 2022-03-25 2023-03-31 14003817 c:OrdinaryShareClass2 2023-03-31 14003817 c:OrdinaryShareClass3 2022-03-25 2023-03-31 14003817 c:OrdinaryShareClass3 2023-03-31 14003817 c:OrdinaryShareClass4 2022-03-25 2023-03-31 14003817 c:OrdinaryShareClass4 2023-03-31 14003817 c:OrdinaryShareClass5 2022-03-25 2023-03-31 14003817 c:OrdinaryShareClass5 2023-03-31 14003817 c:FRS102 2022-03-25 2023-03-31 14003817 c:AuditExempt-NoAccountantsReport 2022-03-25 2023-03-31 14003817 c:FullAccounts 2022-03-25 2023-03-31 14003817 c:PrivateLimitedCompanyLtd 2022-03-25 2023-03-31 14003817 2 2022-03-25 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14003817









GEORGIOU INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
GEORGIOU INVESTMENTS LIMITED
REGISTERED NUMBER: 14003817

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
2023
Note
£

Fixed assets
  

Tangible assets
 4 
825

Investment property
 5 
3,125,000

  
3,125,825

Current assets
  

Cash at bank and in hand
 6 
66

  
66

Creditors: amounts falling due within one year
 7 
(1,400,603)

Net current (liabilities)/assets
  
 
 
(1,400,537)

Total assets less current liabilities
  
1,725,288

Creditors: amounts falling due after more than one year
 8 
(461,976)

  

Net assets
  
1,263,312


Capital and reserves
  

Called up share capital 
 10 
26

Share premium account
  
1,215,604

Profit and loss account
  
47,682

  
1,263,312


Page 1

 
GEORGIOU INVESTMENTS LIMITED
REGISTERED NUMBER: 14003817
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2024.




A Georgiou
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Georgiou Investments Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, United Kingdon E11 1GA.
The Company was incorporated on 25 March 2022 and commenced trading on 6 April 2022.
The principal activity of the Company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue principally comprises income recognised by the Company in respect of rent charged and other ancillary services supplied during the period, exclusive of Value Added Tax and trade discounts.
Rental income is recognised on a straight line basis over the term of the lease. Amounts invoiced in advance of the tenancy period are deferred accordingly and recognised as income in the period to which they relate.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the period in which they are incurred.

Page 3

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual bases:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


Additions
1,100



At 31 March 2023

1,100



Depreciation


Charge for the period on owned assets
275



At 31 March 2023

275



Net book value



At 31 March 2023
825



At 24 March 2022
-

Page 5

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Investment property





Freehold investment property

£



Valuation


Additions at cost
3,125,000



At 31 March 2023
3,125,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.







6.


Cash and cash equivalents

31 March
2023
£

Cash at bank and in hand
66



7.


Creditors: Amounts falling due within one year

31 March
2023
£

Bank loans
13,001

Corporation tax
13,025

Other creditors
1,372,077

Accruals and deferred income
2,500

1,400,603


Page 6

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

31 March
2023
£

Bank loans
461,976


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

31 March
2023
£


Repayable other than by instalments
461,976



9.


Loans


Analysis of the maturity of loans is given below:


31 March
2023
£

Amounts falling due within one year

Bank loans
13,001



Amounts falling due after more than 5 years

Bank loans
461,976

474,977


The loans are secured against the properties to which they relate.

Page 7

 
GEORGIOU INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Share capital

31 March
2023
£
Allotted, called up and fully paid


500 Ordinary A shares of £0.01 each
5.00
500 Ordinary B shares of £0.01 each
5.00
500 C Ordinary shares of £0.01 each
5.00
500 D Ordinary shares of £0.01 each
5.00
250 E Ordinary shares of £0.01 each
2.50
250 F Ordinary shares of £0.01 each
2.50
100 G Ordinary shares of £0.01 each
1.00

26.00


On incorporation the Company issued 1 Ordinary A share and 1 Ordinary B share of £0.01 each. During the period, further shares were issued at a total premium of £1,215,604. All shares rank pari passu, with the exception of the G Ordinary shares, which do not confer voting or dividend rights.


11.


Related party transactions

Included within other creditors is an amount of £1,362,077 due to the directors of the Company.

 
Page 8