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Company Registration No. 12447399 (England and Wales)
Loizos Real Estate Ltd Unaudited accounts for the year ended 29 February 2024
Loizos Real Estate Ltd Unaudited accounts Contents
Page
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Loizos Real Estate Ltd Company Information for the year ended 29 February 2024
Directors
Simeon Albert Loizos Jane Loizos
Company Number
12447399 (England and Wales)
Registered Office
Flat 4 Afton Gallery The Broadway Totland Bay Isle of Wight PO39 0BW UK
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Loizos Real Estate Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
449,909 
297,334 
Current assets
Debtors
520 
1,043 
Cash at bank and in hand
2,322 
51,645 
2,842 
52,688 
Creditors: amounts falling due within one year
(85,481)
(86,884)
Net current liabilities
(82,639)
(34,196)
Total assets less current liabilities
367,270 
263,138 
Creditors: amounts falling due after more than one year
(374,209)
(262,356)
Net (liabilities)/assets
(6,939)
782 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,940)
781 
Shareholders' funds
(6,939)
782 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Simeon Albert Loizos Director Company Registration No. 12447399
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Loizos Real Estate Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Loizos Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 12447399. The registered office is Flat 4 Afton Gallery, The Broadway, Totland Bay, Isle of Wight, PO39 0BW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at cost.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
297,334 
Additions
152,575 
At 29 February 2024
449,909 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
520 
518 
Accrued income and prepayments
- 
525 
520 
1,043 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
183 
Loans from directors
84,821 
86,041 
Accruals
660 
660 
85,481 
86,884 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
374,209 
262,356 
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Loizos Real Estate Ltd Notes to the Accounts for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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