LIONDARIS PROPERTIES LIMITED - Filleted accounts

Registered number

11320594

LIONDARIS PROPERTIES LIMITED

Unaudited Financial Statements for the year ended

30 April 2025

LIONDARIS PROPERTIES LIMITED
Report and accounts
Contents




	Page

Balance sheet	1

Notes to the accounts	2 - 5

LIONDARIS PROPERTIES LIMITED
Registered number:		11320594
Balance Sheet
as at 30 April 2025
restated
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		44,758			51,344
Investment Properties	4		838,488			838,488
			883,246			889,832

Current assets
Debtors	5	158,924			124,830
Cash at bank and in hand		126,518			74,777
		285,442			199,607

Creditors: amounts falling due within one year	6	(114,474)			(116,468)

Net current assets			170,968			83,139

Total assets less current liabilities			1,054,214			972,971

Creditors: amounts falling due after more than one year	7		(601,620)			(601,620)

Net assets			452,594			371,351

Capital and reserves
Called up share capital			100			100
Profit and loss account			452,494			371,251

Shareholder's funds			452,594			371,351

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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.

The financial statements were approved and authorised for issue by the board on 5 December 2025 and were signed on its behalf by:


J Liondaris
Director

LIONDARIS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents amounts recognised by the company in respect of rents receivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles			25% reducing balance

	Investment properties
	Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

	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.

	Financial instruments
	The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for the objective evidence of impairment. If the objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

	Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right of set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Taxation
	The tax expense for the year comprises current and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
								Motor vehicles
£
	Cost
	At 1 May 2024							63,320
	At 30 April 2025							63,320

	Depreciation
	At 1 May 2024							11,976
	Charge for the year							6,586
	At 30 April 2025							18,562

	Net book value
	At 30 April 2025							44,758
	At 30 April 2024							51,344


4	Investment properties

Investment
Properties
£
	Fair Value
	At 1 May 2024							838,488

	At 30 April 2025							838,488


5	Debtors					2025		2024
£							£

	Trade debtors					7,500		7,500
	Other debtors					151,424		117,330
						158,924		124,830


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					29,403		24,840
	Other creditors					85,071		91,628
						114,474		116,468


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					601,620		601,620

	The bank loan is secured by a fixed and floating charge over a selection of the investment properties of the company.

8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	J R Liondaris	12,160		84,267		(44,053)		52,374

		12,160		84,267		(44,053)		52,374

	The loan attracts interest at 3% and was fully repaid post year end.

9	Controlling party
	The ultimate controlling party is the sole director and shareholder, J R Liondaris.

10	Other information
	LIONDARIS PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is 446a Green Lanes, Palmers Green, London N13 5XD.