Company Registration No. 08675580 (England and Wales)
DEMEKO INVESTMENTS LTD
Unaudited accounts
for the year ended 31 December 2024
DEMEKO INVESTMENTS LTD
Unaudited accounts
Contents
DEMEKO INVESTMENTS LTD
Company Information
for the year ended 31 December 2024
Directors
Mrs Chryso Spyrou
Mr Apostolos Kourentas
Secretary
Mr. Apostolos Kourentas
Company Number
08675580 (England and Wales)
Registered Office
Flat 3
17 Canning Crescent
London
N22 5SR
DEMEKO INVESTMENTS LTD
Statement of financial position
as at 31 December 2024
Investment property
277,016
277,016
Cash at bank and in hand
48,237
47,355
Creditors: amounts falling due within one year
(2,934)
(5,501)
Net current assets
47,340
43,044
Total assets less current liabilities
324,356
320,098
Creditors: amounts falling due after more than one year
(240,344)
(242,770)
Called up share capital
100
100
Profit and loss account
83,912
77,228
Shareholders' funds
84,012
77,328
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mrs Chryso Spyrou
Director
Company Registration No. 08675580
DEMEKO INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 December 2024
DEMEKO INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08675580. The registered office is Flat 3, 17 Canning Crescent, London, N22 5SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rent receivable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Fixtures & fittings
10% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
No provision was found to be necessary for the year ended 31 December 2024.
DEMEKO INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2024
277,016
At 31 December 2024
277,016
Investment property comprise of long term property held for long term rental yields and for capital appreciation and is not occupied by the company.
Amounts falling due after more than one year
Accrued income and prepayments
1,905
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,577
2,173
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
202,280
202,428
DEMEKO INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).