IRIS Accounts Production v25.2.0.378 04132548 director 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04132548 2023-12-31 04132548 2024-12-31 04132548 2024-01-01 2024-12-31 04132548 2022-12-31 04132548 2023-01-01 2023-12-31 04132548 2023-12-31 04132548 ns15:EnglandWales 2024-01-01 2024-12-31 04132548 ns14:PoundSterling 2024-01-01 2024-12-31 04132548 ns10:Director1 2024-01-01 2024-12-31 04132548 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04132548 ns10:SmallEntities 2024-01-01 2024-12-31 04132548 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04132548 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 04132548 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04132548 ns10:FullAccounts 2024-01-01 2024-12-31 04132548 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 04132548 ns10:CompanySecretary1 2024-01-01 2024-12-31 04132548 ns10:RegisteredOffice 2024-01-01 2024-12-31 04132548 ns5:CurrentFinancialInstruments 2024-12-31 04132548 ns5:CurrentFinancialInstruments 2023-12-31 04132548 ns5:Non-currentFinancialInstruments 2024-12-31 04132548 ns5:Non-currentFinancialInstruments 2023-12-31 04132548 ns5:ShareCapital 2024-12-31 04132548 ns5:ShareCapital 2023-12-31 04132548 ns5:RevaluationReserve 2024-12-31 04132548 ns5:RevaluationReserve 2023-12-31 04132548 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 04132548 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 04132548 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04132548 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 04132548 ns5:ComputerEquipment 2024-01-01 2024-12-31 04132548 ns5:ComputerEquipment 2023-12-31 04132548 ns5:ComputerEquipment 2024-12-31 04132548 ns5:ComputerEquipment 2023-12-31 04132548 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04132548 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 04132548 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-12-31 04132548 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2023-12-31 04132548 ns5:Secured 2024-12-31 04132548 ns5:Secured 2023-12-31 04132548 ns10:OrdinaryShareClass1 2024-12-31 04132548 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 04132548 ns5:RevaluationReserve 2023-12-31 04132548 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 04132548 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 04132548 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| CNK ESTATES LIMITED |

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| CNK ESTATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | N Kuflik

| SECRETARY: | Mrs C Kuflik

| REGISTERED OFFICE: | 26 Glaserton Road

| London

| N16 5QX

| REGISTERED NUMBER: | 04132548 (England and Wales)

| ACCOUNTANTS: | Venitt and Greaves

| Chartered Accountants

| 115 Craven Park Road

| South Tottenham

| London

| N15 6BL

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 5 | - |  | - |  |

Investment property | 6 | 4,436,694 |  | 4,436,694 |  |

4,436,694 |  | 4,436,694 |  |

CURRENT ASSETS

Debtors | 7 | 457,275 |  | 348,718 |  |

Cash at bank and in hand | 34,819 |  | 25,432 |  |

492,094 |  | 374,150 |  |

CREDITORS

Amounts falling due within one year | 8 | (165,429 | ) | (44,290 | ) |

NET CURRENT ASSETS | 326,665 |  | 329,860 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,763,359 |  | 4,766,554 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,419,380 | ) | (3,415,340 | ) |

PROVISIONS FOR LIABILITIES | (103,450 | ) | (103,450 | ) |

NET ASSETS | 1,240,529 |  | 1,247,764 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 2 |  | 2 |  |

Revaluation reserve | 12 | 762,208 |  | 762,208 |  |

Fair value reserve | 12 | 544,475 |  | 544,475 |  |

Retained earnings | 12 | (66,156 | ) | (58,921 | ) |

SHAREHOLDERS' FUNDS | 1,240,529 |  | 1,247,764 |  |

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 director acknowledges his 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 ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 3 September 2025 and were signed by:

N Kuflik - Director

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| CNK Estates 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.

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

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33% on reducing balance

| 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.

| 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 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | ACCOUNTING POLICIES - continued

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

5. | PROPERTY, PLANT AND EQUIPMENT

| Computer

| equipment

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 2,221 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 2,221 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 4,436,694 |  |

| NET BOOK VALUE

| At 31 December 2024 | 4,436,694 |  |

| At 31 December 2023 | 4,436,694 |  |

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2015 | 762,208 |  |

| Valuation in 2020 | 544,475 |  |

| Cost | 3,130,011 |  |

4,436,694 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 878 |  | 2,498 |  |

| Other debtors | 456,397 |  | 346,220 |  |

457,275 |  | 348,718 |  |

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Taxation and social security | 14,901 |  | 15,831 |  |

| Other creditors | 150,528 |  | 28,459 |  |

165,429 |  | 44,290 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 3,388,943 |  | 3,379,324 |  |

| Other creditors | 30,437 |  | 36,016 |  |

3,419,380 |  | 3,415,340 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 3,388,943 |  | 3,379,324 |  |

| Repayable by instalments

| Other loans more 5yrs instal | 30,437 |  | 36,016 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 3,388,943 |  | 3,379,324 |  |

| 1. Long term bank loan is secured by first charge over the company's investment property.

| 2. Under the bank loan, £30,436 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

| CNK ESTATES LIMITED (REGISTERED NUMBER: 04132548) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

12. | RESERVES

| Fair |

| Retained |  | Revaluation |  | value |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 January 2024 | (58,921 | ) | 762,208 |  | 544,475 |  | 1,247,762 |  |

| Deficit for the year | (6,235 | ) | (6,235 | ) |

| Dividends | (1,000 | ) | (1,000 | ) |

| At 31 December 2024 | (66,156 | ) | 762,208 |  | 544,475 |  | 1,240,527 |  |

13. | RELATED PARTY DISCLOSURES

| Other Debtors (Note 10) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

| Other Creditors (Note 11) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

14. | ULTIMATE CONTROLLING PARTY

| The controlling party is N Kuflik.