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Registration number: 08206234

T Constantine Associates Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

T Constantine Associates Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

T Constantine Associates Limited

Company Information

Director

Mr TG Constantine

Company secretary

Mr TG Constantine

Registered office

198 Kingsley Road
Hounslow
TW3 4AR

Accountants

DJM Accountants & Consultancy Limited 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

 

T Constantine Associates Limited

(Registration number: 08206234)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

64,808

66,407

Investment property

1,470,593

1,470,593

 

1,535,401

1,537,000

Current assets

 

Debtors

1,480

1,480

Cash at bank and in hand

 

40

58

 

1,520

1,538

Creditors: Amounts falling due within one year

(8,995)

(26,631)

Net current liabilities

 

(7,475)

(25,093)

Total assets less current liabilities

 

1,527,926

1,511,907

Creditors: Amounts falling due after more than one year

(1,245,947)

(1,234,917)

Provisions for liabilities

(64,109)

(64,109)

Net assets

 

217,870

212,881

Capital and reserves

 

Called up share capital

5

1

1

Revaluation reserve

337,415

337,415

Retained earnings

(119,546)

(124,535)

Shareholders' funds

 

217,870

212,881

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

T Constantine Associates Limited

(Registration number: 08206234)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the director on 10 June 2025
 

Mr TG Constantine
Company secretary and director

   
     
 

T Constantine Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
198 Kingsley Road
Hounslow
TW3 4AR

These financial statements were authorised for issue by the director on 10 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

T Constantine Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Asset class

Depreciation method and rate

Fixtures and fittings

15% on a reducing balance method

Office equipment

25% on a reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

T Constantine Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

82,643

1,999

10,067

94,709

Additions

5,717

-

-

5,717

At 31 March 2025

88,360

1,999

10,067

100,426

Depreciation

At 1 April 2024

16,927

1,308

10,067

28,302

Charge for the year

7,143

173

-

7,316

At 31 March 2025

24,070

1,481

10,067

35,618

Carrying amount

At 31 March 2025

64,290

518

-

64,808

At 31 March 2024

65,716

691

-

66,407

Investment properties

2025
£

At 1 April

1,470,593

There has been no valuation of investment property by an independent valuer.

 

T Constantine Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

6

Parent and ultimate parent undertaking

The ultimate controlling party is T Constantine, the director of the company..