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REGISTERED NUMBER: 02643148 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ANDY AND ELAINE ESTATES LIMITED

ANDY AND ELAINE ESTATES LIMITED (REGISTERED NUMBER: 02643148)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ANDY AND ELAINE ESTATES LIMITED

Company Information
for the year ended 31 March 2025







DIRECTORS: Andreas Chrisostomou
Elaine Chrisostomou
Lisa Chrisostomou
Andrea Chrisostomou





SECRETARY: Elaine Chrisostomou





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 02643148 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

ANDY AND ELAINE ESTATES LIMITED (REGISTERED NUMBER: 02643148)

Statement of Financial Position
31 March 2025

31/3/25 31/3/24
Notes £    £   
FIXED ASSETS
Investment property 5 796,645 796,645

CURRENT ASSETS
Debtors 6 2,017 1,777
Cash at bank 141,876 144,024
143,893 145,801
CREDITORS
Amounts falling due within one year 7 (253,977 ) (259,222 )
NET CURRENT LIABILITIES (110,084 ) (113,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,561

683,224

PROVISIONS FOR LIABILITIES (63,494 ) (63,494 )
NET ASSETS 623,067 619,730

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 54,190 54,190
Other reserves 190,481 190,481
Retained earnings 377,396 374,059
SHAREHOLDERS' FUNDS 623,067 619,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

ANDY AND ELAINE ESTATES LIMITED (REGISTERED NUMBER: 02643148)

Statement of Financial Position - continued
31 March 2025


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 19 May 2025 and were signed on its behalf by:





Andreas Chrisostomou - Director


ANDY AND ELAINE ESTATES LIMITED (REGISTERED NUMBER: 02643148)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Andy and Elaine Estates 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received and services supplied during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

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 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.

Going concern

ANDY AND ELAINE ESTATES LIMITED (REGISTERED NUMBER: 02643148)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

3. ACCOUNTING POLICIES - continued
These accounts have been prepared on a going concern basis on the grounds that the directors of the company will not withdraw their support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 796,645
NET BOOK VALUE
At 31 March 2025 796,645
At 31 March 2024 796,645

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2016 10,000
Valuation in 2014 210,000
Valuation in 2011 33,975
Cost 542,670
796,645

The fair value of the properties at March 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The directors believe that the values shown in the accounts to reflect the market value. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors - 360
Other debtors 2,017 1,417
2,017 1,777

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Taxation and social security 765 5,695
Other creditors 253,212 253,527
253,977 259,222