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REGISTERED NUMBER: 04137057 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ANTALEX PROPERTIES LIMITED

ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ANTALEX PROPERTIES LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Solomou





REGISTERED OFFICE: 13 Goodwin Street
London
N4 3HQ





REGISTERED NUMBER: 04137057 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)

Statement of Financial Position
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,410 3,155
Investment property 5 9,177,469 9,177,469
9,179,879 9,180,624

CURRENT ASSETS
Cash at bank 97,833 500

CREDITORS
Amounts falling due within one year 6 1,856,483 2,440,216
NET CURRENT LIABILITIES (1,758,650 ) (2,439,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,421,229

6,740,908

CREDITORS
Amounts falling due after more than one year 7 (6,045,227 ) (5,326,588 )

PROVISIONS FOR LIABILITIES (380,000 ) (380,000 )
NET ASSETS 996,002 1,034,320

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 1,620,000 1,620,000
Retained earnings (624,998 ) (586,680 )
SHAREHOLDERS' FUNDS 996,002 1,034,320

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.

ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)

Statement of Financial Position - continued
31 MARCH 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 director and authorised for issue on 27 March 2025 and were signed by:





A Solomou - Director


ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Antalex 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.

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

The financial statements have been prepared on a going concern basis as the directors have reviewed the prospect of business and they believe it will be profitable in the coming years and consequently they believe it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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 - 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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.


ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 9,095
DEPRECIATION
At 1 April 2023 5,940
Charge for year 745
At 31 March 2024 6,685
NET BOOK VALUE
At 31 March 2024 2,410
At 31 March 2023 3,155

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 9,177,469
NET BOOK VALUE
At 31 March 2024 9,177,469
At 31 March 2023 9,177,469

The director considers the property is valued at open market value as at the balance sheet date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,827,395 2,410,956
Taxation and social security 1,000 8,438
Other creditors 28,088 20,822
1,856,483 2,440,216

ANTALEX PROPERTIES LIMITED (REGISTERED NUMBER: 04137057)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,045,227 5,326,588

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 6,045,227 5,326,588

Bank loans are secured by way of a fixed, floating charge and contains negative pledge over the assets of company.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,620,000

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

During the year under review, the ultimate controlling party is the Solomou family by virtue of their holdings in the parent company.