IRIS Accounts Production v24.3.2.46 10122251 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101222512023-04-30101222512024-04-30101222512023-05-012024-04-30101222512022-04-30101222512022-05-012023-04-30101222512023-04-3010122251ns15:EnglandWales2023-05-012024-04-3010122251ns14:PoundSterling2023-05-012024-04-3010122251ns10:Director12023-05-012024-04-3010122251ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010122251ns10:SmallEntities2023-05-012024-04-3010122251ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010122251ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010122251ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010122251ns10:FullAccounts2023-05-012024-04-3010122251ns10:OrdinaryShareClass12023-05-012024-04-3010122251ns10:Director22023-05-012024-04-3010122251ns10:Director32023-05-012024-04-3010122251ns10:Director42023-05-012024-04-3010122251ns10:CompanySecretary12023-05-012024-04-3010122251ns10:RegisteredOffice2023-05-012024-04-3010122251ns5:CurrentFinancialInstruments2024-04-3010122251ns5:CurrentFinancialInstruments2023-04-3010122251ns5:Non-currentFinancialInstruments2024-04-3010122251ns5:Non-currentFinancialInstruments2023-04-3010122251ns5:ShareCapital2024-04-3010122251ns5:ShareCapital2023-04-3010122251ns5:RetainedEarningsAccumulatedLosses2024-04-3010122251ns5:RetainedEarningsAccumulatedLosses2023-04-3010122251ns5:FurnitureFittings2023-05-012024-04-3010122251ns5:ComputerEquipment2023-05-012024-04-3010122251ns5:FurnitureFittings2023-04-3010122251ns5:ComputerEquipment2023-04-3010122251ns5:FurnitureFittings2024-04-3010122251ns5:ComputerEquipment2024-04-3010122251ns5:FurnitureFittings2023-04-3010122251ns5:ComputerEquipment2023-04-3010122251ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010122251ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010122251ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3010122251ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3010122251ns10:OrdinaryShareClass12024-04-3010122251ns5:RetainedEarningsAccumulatedLosses2023-04-3010122251ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 10122251 (England and Wales)















TSIALOS INCORPORATED LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TSIALOS INCORPORATED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr C Tsialos
Mr G C Tsialos
Mr C Charalambous
Mrs A M Tsialos





SECRETARY:





REGISTERED OFFICE: Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW





REGISTERED NUMBER: 10122251 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474 632
Investment property 5 243,710 243,710
244,184 244,342

CURRENT ASSETS
Debtors 6 17,500 17,500
Cash at bank and in hand 10,050 5,230
27,550 22,730
CREDITORS
Amounts falling due within one year 7 44,016 46,576
NET CURRENT LIABILITIES (16,466 ) (23,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,718

220,496

CREDITORS
Amounts falling due after more than one year 8 176,789 176,789
NET ASSETS 50,929 43,707

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 50,829 43,607
SHAREHOLDERS' FUNDS 50,929 43,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mr G C Tsialos - Director


TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Tsialos Incorporated Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,135 860 1,995
DEPRECIATION
At 1 May 2023 776 587 1,363
Charge for year 90 68 158
At 30 April 2024 866 655 1,521
NET BOOK VALUE
At 30 April 2024 269 205 474
At 30 April 2023 359 273 632

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 243,710
NET BOOK VALUE
At 30 April 2024 243,710
At 30 April 2023 243,710

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,500 17,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax payable 1,732 4,352
Directors' current accounts 41,324 41,324
Accrued expenses 960 900
44,016 46,576

TSIALOS INCORPORATED LIMITED (REGISTERED NUMBER: 10122251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 176,789 176,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 176,789 176,789

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 43,607
Profit for the year 7,222
At 30 April 2024 50,829