Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-11-02falsefalseNo description of principal activity2truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14457975 2022-11-01 14457975 2022-11-02 2023-12-31 14457975 2021-12-01 2022-11-01 14457975 2023-12-31 14457975 c:Director2 2022-11-02 2023-12-31 14457975 d:LeaseholdInvestmentProperty 2022-11-02 2023-12-31 14457975 d:LeaseholdInvestmentProperty 2023-12-31 14457975 d:CurrentFinancialInstruments 2023-12-31 14457975 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14457975 d:ShareCapital 2023-12-31 14457975 d:RetainedEarningsAccumulatedLosses 2023-12-31 14457975 c:FRS102 2022-11-02 2023-12-31 14457975 c:AuditExempt-NoAccountantsReport 2022-11-02 2023-12-31 14457975 c:FullAccounts 2022-11-02 2023-12-31 14457975 c:PrivateLimitedCompanyLtd 2022-11-02 2023-12-31 14457975 e:PoundSterling 2022-11-02 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14457975









MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
REGISTERED NUMBER: 14457975

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
Note
£
£

Fixed assets
  

Investment property
 4 
667,087

  
667,087

Current assets
  

Debtors: amounts falling due within one year
 5 
19,438

Cash at bank and in hand
 6 
5

  
19,443

Creditors: amounts falling due within one year
 7 
(724,133)

Net current (liabilities)/assets
  
 
 
(704,690)

Total assets less current liabilities
  
(37,603)

  

Net (liabilities)/assets
  
(37,603)


Capital and reserves
  

Called up share capital 
  
5

Profit and loss account
  
(37,608)

  
(37,603)


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 income and retained earnings 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 November 2024.




Page 1

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
REGISTERED NUMBER: 14457975
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

................................................
L Soteriou
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Michael Kyprianou & Co (UK Investments) Ltd is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are prepared in Pound Sterling, rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding that there is a deficiency of assets over liabilities as of 31 December 2023. The company retains the support of its creditors to meet its working capital requirements and obligations. On this basis the director considers it appropriate to prepare the financial statement on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss 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 profit or loss in the period in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




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

Page 4

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


Additions at cost
667,087



At 31 December 2023
667,087

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





Page 5

 
MICHAEL KYPRIANOU & CO (UK INVESTMENTS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
£


Trade debtors
18,000

Prepayments and accrued income
1,438

19,438



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
5

Less: bank overdrafts
(136)

(131)



7.


Creditors: Amounts falling due within one year

2023
£

Bank overdrafts
136

Bank loans
271,395

Trade creditors
9,134

Other taxation and social security
1,314

Other creditors
439,654

Accruals and deferred income
2,500

724,133



8.


Related party transactions

During the period the company received loans from its shareholders totalling £412,812, which remain outstanding at the Balance Sheet date.

 
Page 6