Registered number
01555098
NEOPHYTOU PROPERTY INVESTMENTS LIMITED
Filleted Accounts
31 March 2025
NEOPHYTOU PROPERTY INVESTMENTS LIMITED
Registered number: 01555098
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 7,903,457 7,912,947
Current assets
Debtors 4 2,037,956 1,761,153
Cash at bank and in hand 132,844 443,672
2,170,800 2,204,825
Creditors: amounts falling due within one year 5 (123,158) (60,044)
Net current assets 2,047,642 2,144,781
Total assets less current liabilities 9,951,099 10,057,728
Creditors: amounts falling due after more than one year 6 (4,381,334) (4,473,352)
Provisions for liabilities (1,211,627) (1,211,627)
Net assets 4,358,138 4,372,749
Capital and reserves
Called up share capital 960 960
Profit and loss account 4,357,178 4,371,789
Shareholders' funds 4,358,138 4,372,749
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A A Neophytou
Director
Approved by the board on 8 July 2025
NEOPHYTOU PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Motor vehicles 20% reducing basis
Fixtures, fittings, tools and equipment 20% reducing basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 7,865,499 43,654 53,208 7,962,361
At 31 March 2025 7,865,499 43,654 53,208 7,962,361
Depreciation
At 1 April 2024 - 42,320 7,094 49,414
Charge for the year - 267 9,223 9,490
At 31 March 2025 - 42,587 16,317 58,904
Net book value
At 31 March 2025 7,865,499 1,067 36,891 7,903,457
At 31 March 2024 7,865,499 1,334 46,114 7,912,947
Freehold land and buildings: 2025 2024
£ £
Historical cost 3,018,990 3,018,990
Cumulative depreciation based on historical cost - -
3,018,990 3,018,990
4 Debtors 2025 2024
£ £
Trade debtors 4,144 1,229
Other debtors 2,033,812 1,759,924
2,037,956 1,761,153
Amounts due after more than one year included above 1,991,195 1,754,351
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 20,626 14,862
Taxation and social security costs 20,372 31,200
Other creditors 82,160 13,982
123,158 60,044
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,723,546 3,728,525
Other creditors 657,788 744,827
4,381,334 4,473,352
7 Loans 2025 2024
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 4,381,334 4,473,352
Secured bank loans 4,381,334 4,473,352
Bank loans are secured against the value of all Freehold and long leaseholds properties.
8 Other information
NEOPHYTOU PROPERTY INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Block A Southgate Office Village
284 Chase Road
Southgate
London
N14 6HF
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