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REGISTERED NUMBER: 01787680 (England and Wales)












SKORDIS INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SKORDIS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs A Skordis
Mr G Skordis





SECRETARY: Mrs A Skordis





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





REGISTERED NUMBER: 01787680 (England and Wales)





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

SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,600,000 1,600,000

CURRENT ASSETS
Debtors 5 2,260 2,694
Cash at bank 138,560 120,860
140,820 123,554
CREDITORS
Amounts falling due within one year 6 211,492 218,485
NET CURRENT LIABILITIES (70,672 ) (94,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,529,328

1,505,069

PROVISIONS FOR LIABILITIES 8 173,033 133,185
NET ASSETS 1,356,295 1,371,884

CAPITAL AND RESERVES
Called up share capital 9 1,002 1,000
Fair value reserve 10 1,066,596 1,066,596
Retained earnings 10 288,697 304,288
SHAREHOLDERS' FUNDS 1,356,295 1,371,884

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

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

The directors acknowledge their 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.

SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr G Skordis - Director


SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

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


1. STATUTORY INFORMATION

Skordis Investments 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
The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from when the revaluation is below the original cost which is charged to the profit and loss account if the client believes it is a permanent diminution in value. No depreciation is provided in respect of investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties are transferred to fair value reserve, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred to the profit and loss account as a movement in reserves.

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.

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.

SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,600,000
NET BOOK VALUE
At 31 December 2024 1,600,000
At 31 December 2023 1,600,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 1,106,954
Valuation in 2022 50,000
Cost 443,046
1,600,000

The investment properties are included in the accounts at fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 345
Tenancy Deposit Scheme 560 560
Prepayments and accrued income 32 -
Prepayments 1,668 1,789
2,260 2,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 5,690 9,507
Shareholders loan account 38,970 38,970
Directors' loan accounts 155,520 159,042
Accruals and deferred income 8,432 8,206
Accrued expenses 2,880 2,760
211,492 218,485

SKORDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01787680)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 173,033 133,185

Deferred
tax
£   
Balance at 1 January 2024 133,185
Provided during year 39,848
Revaluation gains
Balance at 31 December 2024 173,033

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3 Ordinary £1 3 2
999 'A' Ordinary £1 999 998
1,002 1,000

The following shares were issued during the year for cash at par :

1 Ordinary share of £1
1 'A' Ordinary share of £1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 304,288 1,066,596 1,370,884
Deficit for the year (15,591 ) (15,591 )
At 31 December 2024 288,697 1,066,596 1,355,293

11. CONTROLLING PARTY

The controlling party is Mrs A Skordis.