Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-302024-10-30Investment Holding Companyfalse2023-10-3122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12290362 2023-10-31 2024-10-30 12290362 2022-10-31 2023-10-30 12290362 2024-10-30 12290362 2023-10-30 12290362 c:Director1 2023-10-31 2024-10-30 12290362 d:FreeholdInvestmentProperty 2023-10-31 2024-10-30 12290362 d:FreeholdInvestmentProperty 2024-10-30 12290362 d:FreeholdInvestmentProperty 2023-10-30 12290362 d:CurrentFinancialInstruments 2024-10-30 12290362 d:CurrentFinancialInstruments 2023-10-30 12290362 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-30 12290362 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-30 12290362 d:ShareCapital 2024-10-30 12290362 d:ShareCapital 2023-10-30 12290362 d:RetainedEarningsAccumulatedLosses 2024-10-30 12290362 d:RetainedEarningsAccumulatedLosses 2023-10-30 12290362 c:FRS102 2023-10-31 2024-10-30 12290362 c:AuditExempt-NoAccountantsReport 2023-10-31 2024-10-30 12290362 c:FullAccounts 2023-10-31 2024-10-30 12290362 c:PrivateLimitedCompanyLtd 2023-10-31 2024-10-30 12290362 6 2023-10-31 2024-10-30 12290362 e:PoundSterling 2023-10-31 2024-10-30 iso4217:GBP xbrli:pure

Registered number: 12290362









KYRILLOS INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 OCTOBER 2024

 
KYRILLOS INVESTMENTS LIMITED
REGISTERED NUMBER: 12290362

BALANCE SHEET
AS AT 30 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
1,171,106
1,030,792

  
1,171,106
1,030,792

Current assets
  

Debtors: amounts falling due within one year
 6 
14,002
5,840

Cash at bank and in hand
 7 
61,422
215,073

  
75,424
220,913

Creditors: amounts falling due within one year
 8 
(86,729)
(79,267)

Net current (liabilities)/assets
  
 
 
(11,305)
 
 
141,646

Total assets less current liabilities
  
1,159,801
1,172,438

  

Net assets
  
1,159,801
1,172,438


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,159,701
1,172,338

  
1,159,801
1,172,438


Page 1

 
KYRILLOS INVESTMENTS LIMITED
REGISTERED NUMBER: 12290362
    
BALANCE SHEET (CONTINUED)
AS AT 30 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Kyriacou
Director

Date: 28 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

1.


General information

Kyrillos Investments Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the director has adopted the going concern basis of accounting in preparing the financial
statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Factors affecting future taxation





The company has unused tax losses carried forward of £44,366. No deferred tax asset has been recognised on this amount due to uncertainty over when these losses will crystallise.

Page 5

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 31 October 2023
1,030,792


Additions at cost
140,314



At 30 October 2024
1,171,106

Page 6

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024
 
5.Investment property (continued)

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 30 October 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,171,106
1,030,792

1,171,106
1,030,792


6.


Debtors

2024
2023
£
£


Trade debtors
7,115
-

Other debtors
6,887
5,840

14,002
5,840



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
61,422
215,073

61,422
215,073


Page 7

 
KYRILLOS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
925
-

Other creditors
79,154
77,767

Accruals and deferred income
6,650
1,500

86,729
79,267



9.


Related party transactions

Included within other creditors is an amount of £79,154 due to a company under common control (2023: £77,767). No interest has been charged on this amount and it is repayable upon demand.

 
Page 8