| CSIK INVESTMENT PROPERTIES LIMITED |
| Registered number: |
12082884 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,600,000 |
|
|
4,307,562 |
|
| Current assets |
| Debtors |
4 |
|
93,660 |
|
|
103,017 |
| Cash at bank and in hand |
|
|
117,702 |
|
|
95,244 |
|
|
|
211,362 |
|
|
198,261 |
|
| Creditors: amounts falling due within one year |
5 |
|
(672,351) |
|
|
(681,806) |
|
| Net current liabilities |
|
|
|
(460,989) |
|
|
(483,545) |
|
| Total assets less current liabilities |
|
|
|
2,139,011 |
|
|
3,824,017 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(3,740,985) |
|
|
(3,700,985) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(1,601,974) |
|
|
123,032 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
120 |
|
|
120 |
| Fair valuation reserve |
8 |
|
|
(1,707,562) |
|
|
- |
| Profit and loss account |
|
|
|
105,468 |
|
|
122,912 |
|
| Shareholders' funds |
|
|
|
(1,601,974) |
|
|
123,032 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms S Kyriakidou |
| Director |
| Approved by the board on 26 November 2025 |
|
| CSIK INVESTMENT PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rents receivable on investment properties recognised in accordance with the tenancy agreement. |
|
|
Investments properties |
|
Investment properties are properties held for rental and/or capital appreciation. Investment properties are initially measure at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value. Gains and losses arising from changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2024 |
4,307,562 |
|
Loss on revaluation |
(1,707,562) |
|
At 31 March 2025 |
2,600,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,600,000 |
|
At 31 March 2024 |
4,307,562 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
4,307,562 |
|
4,307,562 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
4,307,562 |
|
4,307,562 |
|
|
The properties were revalued in 10 January 2025 by Colliers International Property Consultants Limited and the director is of the opinion that they have not changed at 31st March 2025. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
26,892 |
|
20,791 |
|
Other debtors |
66,768 |
|
82,226 |
|
|
|
|
|
|
93,660 |
|
103,017 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
8,376 |
|
- |
|
Taxation and social security costs |
4,296 |
|
9,508 |
|
Other creditors |
659,679 |
|
672,298 |
|
|
|
|
|
|
672,351 |
|
681,806 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
2,010,000 |
|
2,040,000 |
|
Other creditors |
1,730,985 |
|
1,660,985 |
|
|
|
|
|
|
3,740,985 |
|
3,700,985 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
2,010,000 |
|
2,040,000 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured on the company's freehold property and personal guarantees provided by the shareholders. |
|
|
| 8 |
Fair valuation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Loss on revaluation of land and buildings |
(1,707,562) |
|
- |
|
|
At 31 March 2025 |
(1,707,562) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
CSIK INVESTMENT PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
51 The Grove |
|
London |
|
W5 5DX |