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REGISTERED NUMBER: 01382129 (England and Wales)












CHARLES SYMEOU PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES SYMEOU PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr C Symeou





SECRETARY: Mrs C Symeou





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 01382129 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,895,000 1,395,000

CURRENT ASSETS
Debtors 5 172,253 119,554
Cash at bank and in hand 96,664 88,560
268,917 208,114
CREDITORS
Amounts falling due within one year 6 167,491 134,218
NET CURRENT ASSETS 101,426 73,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,996,426

1,468,896

PROVISIONS FOR LIABILITIES 7 308,776 183,776
NET ASSETS 1,687,650 1,285,120

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Revaluation reserve 9 401,000 26,000
Fair value reserve 9 1,014,599 1,014,599
Retained earnings 9 270,051 242,521
SHAREHOLDERS' FUNDS 1,687,650 1,285,120

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr C Symeou - Director


CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

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


1. STATUTORY INFORMATION

Charles Symeou Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit in arising from changes in fair value are recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income StatementProfit and Loss Account, 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 1 (2023 - 1 ) .

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,395,000
Revaluations 500,000
At 31 October 2024 1,895,000
NET BOOK VALUE
At 31 October 2024 1,895,000
At 31 October 2023 1,395,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2020 1,193,435
Valuation in 2022 26,000
Valuation in 2024 500,000
Cost 175,565
1,895,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 975 975
Related company 170,515 117,515
Prepayments 763 1,064
172,253 119,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation tax 13,838 6,416
Shareholders loan 38,515 38,515
Directors' current accounts 114,238 88,447
Accrued expenses 900 840
167,491 134,218

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 308,776 183,776

CHARLES SYMEOU PROPERTIES LIMITED (REGISTERED NUMBER: 01382129)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 183,776
Provided during year 125,000
Deferred tax
Balance at 31 October 2024 308,776

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2,000 Share capital 1 £1 2,000 2,000

9. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 November 2023 242,521 26,000 1,014,599 1,283,120
Profit for the year 52,530 52,530
Dividends (25,000 ) (25,000 )
Transfer on fair value - 375,000 - 375,000
At 31 October 2024 270,051 401,000 1,014,599 1,685,650

10. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any individual shareholders.