REGISTERED NUMBER: 03329456 (England and Wales)

GENERATION PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Spyratos

Mrs M Spyratou

SECRETARY:

Mrs M Spyratou

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

03329456 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

1,365

1,737

Investment property

5

569,341

569,341

570,706

571,078

CURRENT ASSETS

Debtors

6

115,434

115,427

Cash at bank and in hand

11,010

5,261

126,444

120,688

CREDITORS

Amounts falling due within one year

7

40,107

46,869

NET CURRENT ASSETS

86,337

73,819

TOTAL ASSETS LESS CURRENT LIABILITIES

657,043

644,897

CREDITORS

Amounts falling due after more than one year

8

(202,150

)

(203,950

)

PROVISIONS FOR LIABILITIES

11

(43,389

)

(43,389

)

NET ASSETS

411,504

397,558

CAPITAL AND RESERVES

Called up share capital

12

100

100

Fair value reserve

13

283,352

283,352

Retained earnings

13

128,052

114,106

SHAREHOLDERS' FUNDS

411,504

397,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr S Spyratos - Director

1.	STATUTORY INFORMATION

Generation 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 gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

4,232

3,092

7,324

DEPRECIATION

At 1 April 2024

2,983

2,604

5,587

Charge for year

250

122

372

At 31 March 2025

3,233

2,726

5,959

NET BOOK VALUE

At 31 March 2025

999

366

1,365

At 31 March 2024

1,249

488

1,737

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

569,341

NET BOOK VALUE

At 31 March 2025

569,341

At 31 March 2024

569,341

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

324,181

Cost

245,160

569,341

In the opinion of the directors, the fair value of the freehold investment property as at 31 March 2024, is not materially different from that stated in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts due from related companies

115,313

115,313

Prepayments and accrued income

121

114

115,434

115,427

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,394

904

Corporation tax

3,326

1,264

Directors' current accounts

31,787

41,521

Accrued expenses

3,600

3,180

40,107

46,869

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

202,150

203,950

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

202,150

203,950

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

202,150

203,950

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

202,150

203,950

The bank overdraft and loans are secured by a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

43,389

43,389

Deferred

tax

£

Balance at 1 April 2024

43,389

Accelerated capital allowances

Balance at 31 March 2025

43,389

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

114,106

283,352

397,458

Profit for the year

13,946

13,946

At 31 March 2025

128,052

283,352

411,404

14.	ULTIMATE CONTROLLING PARTY

The trustees of Spyratos Capital Trust are recognised as ultimate controlling party.