REGISTERED NUMBER: 09215625

Georgiou Properties Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Costas A Georgiou

Mr Peter Anthony Georgiou

REGISTERED OFFICE:

31 Sackville Street

Manchester

England

M1 3LZ

REGISTERED NUMBER:

09215625

FIXED ASSETS

Tangible assets

5

986,768

988,368

CURRENT ASSETS

Debtors

6

529,205

399,205

Cash at bank

17,742

16,920

546,947

416,125

CREDITORS

Amounts falling due within one year

7

(909,378

)

(844,523

)

NET CURRENT LIABILITIES

(362,431

)

(428,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

624,337

559,970

CREDITORS

Amounts falling due after more than one year

8

(29,732

)

(35,815

)

NET ASSETS

594,605

524,155

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

594,505

524,055

SHAREHOLDERS' FUNDS

594,605

524,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

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:

Mr Peter Anthony Georgiou - Director

1.	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:

31 Sackville Street

Manchester

M13LZ

England

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3.	ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

TAX

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

TANGIBLE ASSETS

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

LEASES

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

977,700

12,550

990,250

DEPRECIATION

At 1 October 2023

-

1,882

1,882

Charge for year

-

1,600

1,600

At 30 September 2024

-

3,482

3,482

NET BOOK VALUE

At 30 September 2024

977,700

9,068

986,768

At 30 September 2023

977,700

10,668

988,368

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

529,205

399,205

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

219

Amounts owed to group undertakings

559,246

574,246

Corporation tax

144,858

41,841

Directors' current accounts

194,270

215,070

Accrued expenses

11,004

13,147

909,378

844,523

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans (see note 9)

29,732

35,815

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due between one and two years:

Other loan 1 (1-2 yrs)

29,732

35,815

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Share

1

100

100

11.	RELATED PARTY TRANSACTIONS

Transactions have occurred with related parties under common ownership.

The opening and closing inter-company balances were as follows :-

Wythenshawe Private Hire Ltd. (Holding Company) 2024 £525,705 debit ( 2023 £395,705 debit)

Carpuccinnos Ltd. 2024 £3,500 debit (2023 £3,500 debit)

Club/Radio Cars (M/cr.) Ltd. 2024 £242,246 credit (2023 £242,246 credit)

CP Property & Developments Ltd. 2024 £317,000 credit (2023 £332,000 credit)