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REGISTERED NUMBER: 00512013 (England and Wales)











C & M APOSTOLIDES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 8

C & M APOSTOLIDES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: M F W Apostolides
M Apostolides





SECRETARY: M F W Apostolides





REGISTERED OFFICE: Unit 15
Airport Business Park
Southend
Essex
SS4 1YH





REGISTERED NUMBER: 00512013 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,722,616 -
Investment property 6 7,633,600 7,340,000
10,356,216 7,340,000

CURRENT ASSETS
Debtors 7 222,201 1,347,692
Cash at bank 235,340 525,013
457,541 1,872,705
CREDITORS
Amounts falling due within one year 8 358,374 47,925
NET CURRENT ASSETS 99,167 1,824,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,455,383

9,164,780

CREDITORS
Amounts falling due after more than one
year

9

(3,131,125

)

(1,777,347

)

PROVISIONS FOR LIABILITIES 11 (1,181,000 ) (1,280,975 )
NET ASSETS 6,143,258 6,106,458

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 6,142,258 6,105,458
SHAREHOLDERS' FUNDS 6,143,258 6,106,458

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

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

C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





M Apostolides - Director


C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

C & M Apostolides 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 16,900 12,000 28,900
DEPRECIATION
At 1 January 2023
and 31 December 2023 16,900 12,000 28,900
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. FIXED ASSET INVESTMENTS
Property
under
construction
£   
COST
Additions 2,722,616
At 31 December 2023 2,722,616
NET BOOK VALUE
At 31 December 2023 2,722,616

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 7,340,000
Revaluations 293,600
At 31 December 2023 7,633,600
NET BOOK VALUE
At 31 December 2023 7,633,600
At 31 December 2022 7,340,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 4,106,729
Valuation in 2023 293,600
Cost 3,233,271
7,633,600

The investment property was revalued as at the balance sheet date on an open market basis by the directors.

C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 222,201 1,347,692

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,631 3,131
Taxation and social security 929 2,678
Other creditors 324,814 42,116
358,374 47,925

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 3,131,125 1,777,347

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,204,210 1,797,818
Deposit 445,424 -
3,649,634 1,797,818

Unity Trust Bank PLC have registered a charge on the 21 December 2020.

At any time the freehold, heritable and leasehold properties of the company at that time or any of them as the context requires and shall include all Buildings, structures, fixtures (including trade and tenant's fixtures) from time to time on or in any such property.

Contains fixed charge(s).

Contains floating charge(s). (floating charge covers all the property or undertaking of the company).

Contains negative pledge.

Henry Boot Developments Limited have registered a charge on 14 April 2023.

The full title guarantee of interest in a deposit account and the deposit balance as security for all monies due from the company to the developer pursuant to the Developer Agreement.

Contains Fixed charge(s).

Contains negative pledge.

C & M APOSTOLIDES LIMITED (REGISTERED NUMBER: 00512013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 1,181,000 1,280,975

Deferred
tax
£   
Balance at 1 January 2023 1,280,975
Provided during year (99,975 )
Balance at 31 December 2023 1,181,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date M Apostolides owed the company £35,100 (2022: £45,000) which was repayable on demand and within 9 months of the year-end. Amounts loaned to the director during the year were interest-free.

At the balance sheet date M F W Apostolides owed the company £21,500 (2022: £nil) which was repayable on demand and within 9 months of the year-end. Amounts loaned to the director during the year were interest-free.

13. RELATED PARTY DISCLOSURES

During the year there was rent receivable of £210,970, (2022: £209,610) from CAMA Group Limited.

During the year Admin fees were charged to the company by CAMA Group Limited totalling £32,798. At the balance sheet date £16,399 was due to CAMA Group Limited.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by the two company directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C & M APOSTOLIDES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C & M Apostolides Limited for the year ended 31 December 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C & M Apostolides Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C & M Apostolides Limited and state those matters that we have agreed to state to the Board of Directors of C & M Apostolides Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & M Apostolides Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C & M Apostolides Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C & M Apostolides Limited. You consider that C & M Apostolides Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C & M Apostolides Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


12 September 2024