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Registered number: 13258150
Constantin Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13258150
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,228 -
Investment Properties 5 272,068 98,651
275,296 98,651
CURRENT ASSETS
Debtors 6 1,479 8,207
Cash at bank and in hand 2,137 1,596
3,616 9,803
Creditors: Amounts Falling Due Within One Year 7 (1,449 ) (374 )
NET CURRENT ASSETS (LIABILITIES) 2,167 9,429
TOTAL ASSETS LESS CURRENT LIABILITIES 277,463 108,080
Creditors: Amounts Falling Due After More Than One Year 8 (290,592 ) (109,407 )
NET LIABILITIES (13,129 ) (1,327 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (13,131 ) (1,329 )
SHAREHOLDERS' FUNDS (13,129) (1,327)
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Anca Constantin
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Constantin Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13258150 . The registered office is 8 Mellor Street, Manchester, M40 7FG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line over 5 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 -
Additions 3,702
As at 31 March 2024 3,702
Depreciation
As at 1 April 2023 -
Provided during the period 474
As at 31 March 2024 474
Net Book Value
As at 31 March 2024 3,228
As at 1 April 2023 -
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5. Investment Property
2024
£
Fair Value
As at 1 April 2023 98,651
Additions 173,417
As at 31 March 2024 272,068
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,391 8,207
Other debtors 88 -
1,479 8,207
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 426 -
Accruals and deferred income 1,023 374
1,449 374
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 193,161 67,525
Directors loan account 97,431 41,882
290,592 109,407
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included within Creditors is the loan balance of £97,431 (2023: £41,882) from the Director at the end of the year. The loan is unsecured, 5% interest is charged per annum and it is repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Anca Constantin by virtue of her ownership of 100% of the issued share capital in the company.
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