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ANGELOUTHI INVESTMENTS LIMITED

Registered Number
09388970
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

ANGELOUTHI INVESTMENTS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

ELIADES, Christian Nicholas
ELIADES, Lena Angela
MARMOR, Eleonora Diana

Registered Address

236 Creighton Avenue East Finchley
London
N2 9BD

Registered Number

09388970 (England and Wales)
ANGELOUTHI INVESTMENTS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property34,442,3304,442,330
4,442,3304,442,330
Current assets
Debtors5-52,800
Cash at bank and on hand153,862233,114
153,862285,914
Creditors amounts falling due within one year6(2,021,748)(2,126,340)
Net current assets (liabilities)(1,867,886)(1,840,426)
Total assets less current liabilities2,574,4442,601,904
Net assets2,574,4442,601,904
Capital and reserves
Called up share capital2,000,0002,000,000
Profit and loss account574,444601,904
Shareholders' funds2,574,4442,601,904
The financial statements were approved and authorised for issue by the Board of Directors on 7 February 2025, and are signed on its behalf by:
ELIADES, Lena Angela
Director
Registered Company No. 09388970
ANGELOUTHI INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business. Revenue is generated from property rental. The company recognises revenue based on contractual agreements with tenants.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Investments
Investments comprise of funds paid to an asset management company, which are measured at fair value. Changes in fair value are recognised in the income statement. Fair value is estimated by using a valuation technique.
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.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
2.Average number of employees

20242023
Average number of employees during the year33
3.Investment property

£
Fair value at 01 October 234,442,330
At 30 September 244,442,330
4.Fixed asset investments
5.Debtors: amounts due within one year

2024

2023

££
Other debtors-52,800
Total-52,800
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security2,94715,913
Other creditors2,015,6522,107,427
Accrued liabilities and deferred income3,1493,000
Total2,021,7482,126,340
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities
8.Related party transactions
At the balance sheet date, the company owed £2,015,652 (2023: £2,106,177) to the directors. These loans are interest free and repayable on demand included in other creditors. In addition, during the year, a dividend of £40,026 (2023 - £nil) was paid to the directors.