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REGISTERED NUMBER: 03602844 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CLASSIQUE PROPERTIES LIMITED

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIQUE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr J Paschali
Mr G Georgiou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03602844 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 691 922
Investments 5 66 66
Investment property 6 1,786,133 1,753,470
1,786,890 1,754,458

CURRENT ASSETS
Debtors 7 1,466,694 1,446,694
Cash at bank and in hand 115,900 203,585
1,582,594 1,650,279
CREDITORS
Amounts falling due within one year 8 899,223 29,229
NET CURRENT ASSETS 683,371 1,621,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,470,261

3,375,508

CREDITORS
Amounts falling due after more than one
year

9

-

(921,418

)

PROVISIONS FOR LIABILITIES 11 (43,751 ) (44,942 )
NET ASSETS 2,426,510 2,409,148

CAPITAL AND RESERVES
Called up share capital 12 102 102
Fair value reserve 13 486,762 506,904
Retained earnings 1,939,646 1,902,142
SHAREHOLDERS' FUNDS 2,426,510 2,409,148

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

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

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

BALANCE SHEET - continued
31 JULY 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 4 December 2024 and were signed on its behalf by:





Mr J Paschali - Director


CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


1. STATUTORY INFORMATION

Classique 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 amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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 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 2 (2023 - 2 ) .

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


4. TANGIBLE FIXED ASSETS
Furniture
and
equipment
£   
COST
At 1 August 2023
and 31 July 2024 4,731
DEPRECIATION
At 1 August 2023 3,809
Charge for year 231
At 31 July 2024 4,040
NET BOOK VALUE
At 31 July 2024 691
At 31 July 2023 922

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 August 2023
and 31 July 2024 66
NET BOOK VALUE
At 31 July 2024 66
At 31 July 2023 66

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,753,470
Additions 32,663
At 31 July 2024 1,786,133
NET BOOK VALUE
At 31 July 2024 1,786,133
At 31 July 2023 1,753,470

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2004 109,297
Valuation in 2009 170,386
Valuation in 2017 250,829
Cost 1,255,621
1,786,133

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 18,333 13,333
Amounts due by related parties 1,448,361 1,433,361
1,466,694 1,446,694

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 870,062 -
Trade creditors - 3,024
Tax 8,539 5,604
Deposits held 17,000 17,000
Directors' current accounts 24 -
Accrued expenses 3,598 3,601
899,223 29,229

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans more 5 yr by instal - 921,418

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 921,418

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 870,062 921,418

CLASSIQUE PROPERTIES LIMITED (REGISTERED NUMBER: 03602844)

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


11. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 43,751 44,942

Deferred
tax
£   
Balance at 1 August 2023 44,942
Provided during year (1,191 )
Balance at 31 July 2024 43,751

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
102 Ordinary £1 102 102

13. RESERVES
Fair
value
reserve
£   
At 1 August 2023 506,904
Fair value movement (20,142 )

At 31 July 2024 486,762