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REGISTERED NUMBER: 12271494 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AGATHA PROPERTY INVESTMENTS LTD

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,135 1,070
Investment property 5 8,838,311 6,385,736
8,839,446 6,386,806

CURRENT ASSETS
Debtors 6 22,076 125,856
Cash at bank and in hand 32,127 184,771
54,203 310,627
CREDITORS
Amounts falling due within one year 7 282,035 54,128
NET CURRENT (LIABILITIES)/ASSETS (227,832 ) 256,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,611,614

6,643,305

CREDITORS
Amounts falling due after more than one year 8 (5,996,847 ) (4,336,350 )

PROVISIONS FOR LIABILITIES 10 (118,718 ) (22,500 )
NET ASSETS 2,496,049 2,284,455

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 2,210,953 2,210,953
Fair value reserve 11 356,153 67,500
Retained earnings (72,157 ) 4,902
2,496,049 2,284,455

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

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

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 18 July 2025 and were signed on its behalf by:





Mr C Agathangelou - Director


AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

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

1. STATUTORY INFORMATION

Agatha Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12271494

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents rent receivable in respect of the company's investment properties. Rental income is recognised over the period of the rental agreement.

Property, plant and equipments
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intend.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

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

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Borrowing costs are capitalised as part of the cost of the qualifying assets which takes a substantial period of time to get ready for its intended use.

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 material 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 November 2023 1,349
Additions 279
At 31 October 2024 1,628
DEPRECIATION
At 1 November 2023 279
Charge for year 214
At 31 October 2024 493
NET BOOK VALUE
At 31 October 2024 1,135
At 31 October 2023 1,070

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 6,385,736
Additions 2,067,704
Revaluations 384,871
At 31 October 2024 8,838,311
NET BOOK VALUE
At 31 October 2024 8,838,311
At 31 October 2023 6,385,736

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2023 90,000
Valuation in 2024 384,871
Cost 8,363,440
8,838,311

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,363,440 6,295,736

Investment property was valued on an open market basis on 31 October 2024 by the directors of the company .

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,555 -
Other debtors 19,521 125,856
22,076 125,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 203,800 4,650
Taxation and social security 10,014 17,321
Other creditors 58,221 22,157
282,035 54,128

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,996,847 4,336,350

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,719,509 4,313,850

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,719,509 4,313,850

Bank loan is secured by way of fixed and floating charge on the properties of the company and contains a negative pledge.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 118,718 22,500

Deferred
tax
£   
Balance at 1 November 2023 22,500
Provided during year 96,218
Balance at 31 October 2024 118,718

AGATHA PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12271494)

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

11. RESERVES
Fair
value
reserve
£   
At 1 November 2023 67,500
Bonus share issue 384,871
Movement during the year (96,218 )

At 31 October 2024 356,153

12. RELATED PARTY DISCLOSURES

Also included in other creditors due within a year is an amount of £54,561 (2023: £87,944 due from) due to the directors of the company. Interest at the rate of 2.25% p.a.has been charged on the overdrawn balance.