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REGISTERED NUMBER: OC403909 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ANDREW CHARALAMBOUS LLP

ANDREW CHARALAMBOUS LLP (REGISTERED NUMBER: OC403909)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDREW CHARALAMBOUS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DESIGNATED MEMBERS: Mr A L Charalambous
St Andrews Limited





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: OC403909 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ANDREW CHARALAMBOUS LLP (REGISTERED NUMBER: OC403909)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 159,787
Investment property 5 - 37,342,919
- 37,502,706

CURRENT ASSETS
Debtors 6 - 97,121
Cash at bank 702 255,427
702 352,548
CREDITORS
Amounts falling due within one year 7 20,041 2,009,181
NET CURRENT LIABILITIES (19,339 ) (1,656,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,339

)

35,846,073

CREDITORS
Amounts falling due after more than one
year

8

-

26,410,816
NET (LIABILITIES)/ASSETS
ATTRIBUTABLE TO MEMBERS

(19,339

)

9,435,257

ANDREW CHARALAMBOUS LLP (REGISTERED NUMBER: OC403909)

BALANCE SHEET - continued
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts (19,339 ) 9,435,257
(19,339 ) 9,435,257

TOTAL MEMBERS' INTERESTS
Members' other interests (19,339 ) 9,435,257

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 January 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 January 2025 and were signed by:





Mr A L Charalambous - Designated member

ANDREW CHARALAMBOUS LLP (REGISTERED NUMBER: OC403909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Andrew Charalambous LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, 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 - 15% on reducing balance
Motor vehicles - 20% 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 77,380 154,217 231,597
Disposals (77,380 ) (154,217 ) (231,597 )
At 31 January 2024 - - -
DEPRECIATION
At 1 February 2023 40,967 30,843 71,810
Charge for year 1,874 - 1,874
Eliminated on disposal (42,841 ) (30,843 ) (73,684 )
At 31 January 2024 - - -
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 36,413 123,374 159,787

ANDREW CHARALAMBOUS LLP (REGISTERED NUMBER: OC403909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 37,342,919
Disposals (37,342,919 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 37,342,919

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 20,573
Other debtors - 76,548
- 97,121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 3,824
Trade creditors 9,961 5,101
Amounts due to related
companies - 1,882,977
Accrued expenses 10,080 117,279
20,041 2,009,181

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years - 7,710,925
New loans - 18,614,020
Hire purchase contracts - 85,871
- 26,410,816