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REGISTERED NUMBER: 05669372 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THALASSA ESTATES LIMITED

THALASSA ESTATES LIMITED (REGISTERED NUMBER: 05669372)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THALASSA ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTOR: C Panayiotou





SECRETARY: Ms M Panayiotou





REGISTERED OFFICE: 35 Hoodcote Gardens
Winchmore Hill
London
N21 2NG





REGISTERED NUMBER: 05669372 (England and Wales)





ACCOUNTANTS: Jeffrey C C Hoong FCCA
Hoong & Company
7 Lorian Close
Woodside Park
London
N12 7DW

THALASSA ESTATES LIMITED (REGISTERED NUMBER: 05669372)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 285,000 285,000

CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank 22,285 8,284
23,285 9,284
CREDITORS
Amounts falling due within one year 6 26,699 27,447
NET CURRENT LIABILITIES (3,414 ) (18,163 )
TOTAL ASSETS LESS CURRENT LIABILITIES 281,586 266,837

CREDITORS
Amounts falling due after more than one year 7 59,834 47,634
NET ASSETS 221,752 219,203

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 220,752 218,203
SHAREHOLDERS' FUNDS 221,752 219,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 26 July 2024 and were signed by:





C Panayiotou - Director


THALASSA ESTATES LIMITED (REGISTERED NUMBER: 05669372)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Thalassa Estates 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 285,000
NET BOOK VALUE
At 31 January 2024 285,000
At 31 January 2023 285,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from managing agent 1,000 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Rent deposit 21,000 21,000
Tax 5,219 5,967
Accrued expenses 480 480
26,699 27,447

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Director's loan account 59,834 47,634

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 1,000 1,000

THALASSA ESTATES LIMITED (REGISTERED NUMBER: 05669372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

9. RESERVES
Retained
earnings
£   

At 1 February 2023 218,203
Profit for the year 22,249
Dividends (19,700 )
At 31 January 2024 220,752