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REGISTERED NUMBER: 03323221 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

CHRISTOPHOROU LIMITED

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTOPHOROU LIMITED

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr D Christophorou
Mrs J Christophorou
Mr J Christophorou





SECRETARY: Mrs J Christophorou





REGISTERED OFFICE: Aughton Springs
Aughton Green
Ormskirk
Lancashire
L39 6RX





REGISTERED NUMBER: 03323221 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 165,167 199,429
Tangible assets 5 1,576,171 1,603,440
1,741,338 1,802,869

CURRENT ASSETS
Debtors 6 322,646 336,814
Investments 7 419,622 405,932
Cash at bank 420,541 351,407
1,162,809 1,094,153
CREDITORS
Amounts falling due within one year 8 354,994 322,191
NET CURRENT ASSETS 807,815 771,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,549,153

2,574,831

CREDITORS
Amounts falling due after more than one
year

9

(408,561

)

(497,575

)

PROVISIONS FOR LIABILITIES (31,949 ) (30,688 )
NET ASSETS 2,108,643 2,046,568

CAPITAL AND RESERVES
Called up share capital 12 593 593
Share premium 18,981 18,981
Retained earnings 2,089,069 2,026,994
SHAREHOLDERS' FUNDS 2,108,643 2,046,568

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

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

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Balance Sheet - continued
31st 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 6th May 2025 and were signed on its behalf by:




Mr D Christophorou - Director



Mrs J Christophorou - Director


CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Christophorou 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts.
Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Management charges
Management charges are measured at the fair value of the consideration received or receivable and represent services rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses, is being amortised evenly over the estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.3% on cost

Impairment of assets
At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately 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.


CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Notes to the Financial Statements - continued
for the Year Ended 31st December 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 601,018
AMORTISATION
At 1st January 2024 401,589
Amortisation for year 34,262
At 31st December 2024 435,851
NET BOOK VALUE
At 31st December 2024 165,167
At 31st December 2023 199,429

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1st January 2024 1,159,680 818,274 -
Additions - - 15,622
At 31st December 2024 1,159,680 818,274 15,622
DEPRECIATION
At 1st January 2024 373,161 131,830 -
Charge for year 23,192 16,366 651
At 31st December 2024 396,353 148,196 651
NET BOOK VALUE
At 31st December 2024 763,327 670,078 14,971
At 31st December 2023 786,519 686,444 -

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 596,546 3,084 2,577,584
Additions 18,731 - 34,353
At 31st December 2024 615,277 3,084 2,611,937
DEPRECIATION
At 1st January 2024 466,895 2,258 974,144
Charge for year 21,130 283 61,622
At 31st December 2024 488,025 2,541 1,035,766
NET BOOK VALUE
At 31st December 2024 127,252 543 1,576,171
At 31st December 2023 129,651 826 1,603,440

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 500 1,480
Amount due from related party 90,000 102,979
Other debtors 20,089 20,269
Directors' current accounts - 14,693
Prepayments and accrued income 1,125 6,062
111,714 145,483

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

6. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Amount due from related party 210,932 191,331

Aggregate amounts 322,646 336,814

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Fixed term deposits 419,622 405,932

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 89,014 84,636
Tax 69,657 56,777
Social security and other taxes 2,825 42,932
Other creditors 135,520 130,845
Directors' current accounts 51,316 -
Accrued expenses 6,662 7,001
354,994 322,191

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 93,789 89,014
Bank loans - 2-5 years 287,526 296,120
Bank loans - more than 5 years 27,246 112,441
408,561 497,575

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 27,246 112,441

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 4,500 4,500
Between one and five years 18,000 18,000
In more than five years 18,375 22,875
40,875 45,375

CHRISTOPHOROU LIMITED (REGISTERED NUMBER: 03323221)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 497,575 582,211

Legal charges on the following properties are held as security: 199 Eaton Road, West Derby, Liverpool; 159/159A Main Street, Billinge, Wigan; 48 Copplehouse Lane, Fazakerley, Liverpool; 114 Wigan Road, Ormskirk; 100 Lyndhurst, Ashurst; 1 Chapel Lane, Widnes; Units 4 & 5 Palais Building, Burscough; 104-106 Hillfoot Avenue, Hunts Cross.

A debenture dated 6 November 1997 secured against the following properties: 55 Broadway, Liverpool; 66 Liverpool Road North, Burscough; 29 Stanley Park Avenue, Liverpool; 68 Grange Road, West Kirkby, Merseyside; 28 Waddicar Lane, Melling; 111 County Road, Ormskirk; 2 Station Road, Parbold.

There is also a cross company guarantee made with MCM Investments Limited (an associated company) guaranteeing the liabilities to their bank. At present this guarantee has not been called upon.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
593 Ordinary £1 593 593

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24 31.12.23
£    £   
Mr D Christophorou and Mrs J Christophorou
Balance outstanding at start of year 14,693 64,071
Amounts advanced - 74,138
Amounts repaid (14,693 ) (123,516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,693

At the 31 December 2024, the company owed £51,316 to the directors (2023: the directors owed the company £14,693). Interest of 2.25% was payable to the company on any loan amounts due to the company during the year.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs D Christophorou.

Throughout the current and previous year, the above named directors have controlled the company by virtue of holding 100% of the issued ordinary share capital.