Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investment Properties | 4 | ||||||
Current assets | |||||||
Debtors | 5 | - | |||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
The financial statements were approved and authorised for issue by the board on |
|||||||
J Liondaris | |||||||
Director | |||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Motor Vehicles | 25% reducing balance | |||||||
Investment properties | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Financial instruments | ||||||||
The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. | ||||||||
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for the objective evidence of impairment. If the objective evidence of impairment is found, an impairment loss is recognised in the profit and loss. | ||||||||
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right of set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. | ||||||||
Taxation | ||||||||
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
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Provisions | ||||||||
Foreign currency translation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Motor vehicles | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 May 2023 | ||||||||
At 30 April 2024 | ||||||||
Depreciation | ||||||||
At 1 May 2023 | ||||||||
Charge for the year | ||||||||
At 30 April 2024 | ||||||||
Net book value | ||||||||
At 30 April 2024 | ||||||||
At 30 April 2023 | ||||||||
4 | Investment properties | |||||||
Investment | ||||||||
Properties | ||||||||
£ | ||||||||
Fair Value | ||||||||
At 1 May 2023 | ||||||||
At 30 April 2024 | ||||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
Other debtors | - | |||||||
- | ||||||||
6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
The bank loan is secured by a fixed and floating charge over a selection of the investment properties of the company. | ||||||||
8 | Controlling party | |||||||
9 | Other information | |||||||
LIONDARIS PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
446a Green Lanes | ||||||||
Palmers Green | ||||||||
London | ||||||||
N13 5XD |