IRIS Accounts Production v25.2.0.378 07459946 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074599462023-12-31074599462024-12-31074599462024-01-012024-12-31074599462022-12-31074599462023-01-012023-12-31074599462023-12-3107459946ns15:EnglandWales2024-01-012024-12-3107459946ns14:PoundSterling2024-01-012024-12-3107459946ns10:Director12024-01-012024-12-3107459946ns10:Director22024-01-012024-12-3107459946ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107459946ns10:SmallEntities2024-01-012024-12-3107459946ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107459946ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107459946ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107459946ns10:FullAccounts2024-01-012024-12-3107459946ns10:RegisteredOffice2024-01-012024-12-3107459946ns5:CurrentFinancialInstruments2024-12-3107459946ns5:CurrentFinancialInstruments2023-12-3107459946ns5:Non-currentFinancialInstruments2024-12-3107459946ns5:Non-currentFinancialInstruments2023-12-3107459946ns5:ShareCapital2024-12-3107459946ns5:ShareCapital2023-12-3107459946ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3107459946ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3107459946ns5:RetainedEarningsAccumulatedLosses2024-12-3107459946ns5:RetainedEarningsAccumulatedLosses2023-12-3107459946ns5:DeferredTaxation2023-12-3107459946ns5:DeferredTaxation2024-12-3107459946ns5:RetainedEarningsAccumulatedLosses2023-12-3107459946ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3107459946ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 07459946 (England and Wales)












CNK PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CNK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G Christou
Mr A C Stylianou ACA, FCCA





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 07459946 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 210,000 210,000

CURRENT ASSETS
Debtors 5 800 800
Cash at bank 7,759 4,803
8,559 5,603
CREDITORS
Amounts falling due within one year 6 6,570 6,710
NET CURRENT ASSETS/(LIABILITIES) 1,989 (1,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,989

208,893

CREDITORS
Amounts falling due after more than one
year

7

(127,637

)

(127,637

)

PROVISIONS FOR LIABILITIES 8 (5,802 ) (5,802 )
NET ASSETS 78,550 75,454

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 54,694 54,694
Retained earnings 9 23,656 20,560
SHAREHOLDERS' FUNDS 78,550 75,454

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

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

CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

BALANCE SHEET - continued
31 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 26 August 2025 and were signed on its behalf by:




Mr A C Stylianou ACA, FCCA - Director



Mr G Christou - Director


CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

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


1. STATUTORY INFORMATION

CNK Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

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.

The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of Freehold and long leasehold investment properties. An investment property on short leasehold where the remaining life is less than 20 years is amortised over the life of the lease.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred to the profit and loss account as a movement in reserves.

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.


CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 210,000
NET BOOK VALUE
At 31 December 2024 210,000
At 31 December 2023 210,000

The investment property was revalued on 31st December 2022 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Rent deposit to agent 800 800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 726 1,276
Tenants deposit due 800 800
Directors' current accounts 5,044 4,634
6,570 6,710

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Shareholders loans 32,400 32,400
Related company 95,237 95,237
127,637 127,637

CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946)

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


8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 5,802 5,802

Deferred
tax
£   
Balance at 1 January 2024 5,802
Balance at 31 December 2024 5,802

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 20,560 54,694 75,254
Profit for the year 3,096 3,096
At 31 December 2024 23,656 54,694 78,350

10. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.