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REGISTERED NUMBER: 12189917 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

COSTANDI REAL ESTATES LIMITED

COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COSTANDI REAL ESTATES LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: J S Costandi





REGISTERED OFFICE: Unit 3 Woodstock Close
Standard Way
NORTHALLERTON
North Yorkshire
DL6 2NB





REGISTERED NUMBER: 12189917 (England and Wales)





ACCOUNTANTS: King Hope
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Debtors 5 28,057 11,154
Cash at bank - 539
28,057 11,693
CREDITORS
Amounts falling due within one year 6 151,745 115,727
NET CURRENT LIABILITIES (123,688 ) (104,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,312

645,966

CREDITORS
Amounts falling due after more than one
year

7

(530,674

)

(524,149

)

PROVISIONS FOR LIABILITIES (24,730 ) (28,750 )
NET ASSETS 70,908 93,067

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 86,250 86,250
Retained earnings (15,442 ) 6,717
70,908 93,067

COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 February 2025 and were signed by:





J S Costandi - Director


COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Costandi Real Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.

The surplus, net of related deferred tax, is held in a fair value reserve.

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.

Operating lease rentals
Rentals receivable under operating leases are credited to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 750,000

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 635,000 635,000

Investment properties were valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 6,011 3,321
Directors' current accounts 19,720 6,510
Corporation tax recoverable 2,326 1,323
28,057 11,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,359 5,514
Amounts owed to group undertakings 100,445 98,799
Amounts owed to associates 31,464 2,754
Corporation tax 4,280 3,199
Social security and other taxes 56 -
Accruals and deferred income 9,141 5,461
151,745 115,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 36,321 40,058
Other loans more 5yrs non-inst 494,353 484,091
530,674 524,149

COSTANDI REAL ESTATES LIMITED (REGISTERED NUMBER: 12189917)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 494,353 484,091

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 494,353 484,091

The other loans above are secured on the investment property.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 86,250

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J S Costandi
Balance outstanding at start of year 6,510 4,071
Amounts advanced 25,030 11,912
Amounts repaid (11,820 ) (9,473 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,720 6,510

The loan is interest free.

11. RELATED PARTY DISCLOSURES

The director has personally guaranteed the other loans.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Costandi Capital Limited.

The company is a wholly owned subsidiary of Costandi Capital Limited. Its registered office is Unit 3 Woodstock Close, Standard Way, Northallerton.