2023-02-012024-01-312024-01-31false01878620Stavros Property Investments 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Stavros Property Investments Limited

Registered Number
01878620
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Stavros Property Investments Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Harpa, Liza
Loizou, Maroulla
Loizou, Stavros

Company Secretary

HARPA, Liza

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

01878620 (England and Wales)
Stavros Property Investments Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,671,5102,673,409
Investments4100100
2,671,6102,673,509
Current assets
Debtors5847,464908,845
Cash at bank and on hand7,1553,335
854,619912,180
Creditors amounts falling due within one year6(50,730)(20,218)
Net current assets (liabilities)803,889891,962
Total assets less current liabilities3,475,4993,565,471
Creditors amounts falling due after one year7(2,016,000)(2,015,000)
Provisions for liabilities8(213,778)(214,044)
Net assets1,245,7211,336,427
Capital and reserves
Called up share capital100100
Other reserves1,128,1001,128,100
Profit and loss account117,521208,227
Shareholders' funds1,245,7211,336,427
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
Loizou, Stavros
Director
Registered Company No. 01878620
Stavros Property Investments Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 February 232,666,40715,0302,681,437
Additions(499)-(499)
At 31 January 242,665,90815,0302,680,938
Depreciation and impairment
At 01 February 23-8,0288,028
Charge for year-1,4001,400
At 31 January 24-9,4289,428
Net book value
At 31 January 242,665,9085,6022,671,510
At 31 January 232,666,4077,0022,673,409
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 February 23100100
At 31 January 24100100
Net book value
At 31 January 24100100
At 31 January 23100100

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings828,798894,324
Other debtors18,66614,521
Total847,464908,845
6.Creditors: amounts due within one year

2024

2023

££
Other creditors48,22617,338
Accrued liabilities and deferred income2,5042,880
Total50,73020,218
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,016,0002,015,000
Total2,016,0002,015,000
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)213,778214,044
Total213,778214,044
9.Related party transactions
Harpa Holdings Limited: a related company by virtue of common directors and shareholders. As at the balance sheet date an amount of £144,700 (2023: £144,700) remained due from the company which is included within debtors: amounts due within one year. The loan is interest free with no fixed date for repayment. Number Nineteen Ltd: a wholly owned subsidiary. At the balance sheet date an amount of £684,098 (2023 - £749,624) remained due from the related company which is included within the cost of fixed asset investments. The loan is interest free with no fixed date for repayment. Transactions with directors: At the balance sheet date the company owed amounts to the directors totalling £30,131 (2023: £17,338). These are interest free loans with no fixed date for repayment included in other creditors.