Lord Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04129457 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LORD PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr C Skarparis

Mr K P Simeou

Mr C Pantazis

SECRETARY:

Mr C Skarparis

REGISTERED OFFICE:

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

REGISTERED NUMBER:

04129457 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Investment property

4

1,690,000

CURRENT ASSETS

Debtors

5

2,396

6,396

Cash at bank

30,923

10,211

33,319

16,607

CREDITORS

Amounts falling due within one year

6

11,225

16,275

NET CURRENT ASSETS

22,094

332

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,094

1,690,332

CREDITORS

Amounts falling due after more than one year

7

(308,240

)

(326,702

)

PROVISIONS FOR LIABILITIES

10

(92,715

)

(92,715

)

NET ASSETS

1,311,139

1,270,915

CAPITAL AND RESERVES

Called up share capital

3

Fair value reserve

11

609,753

Retained earnings

11

701,383

661,159

SHAREHOLDERS' FUNDS

1,311,139

1,270,915

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

Mr C Pantazis - Director

Mr C Skarparis - Director

Mr K P Simeou - Director

1.	STATUTORY INFORMATION

Lord Properties Limited is a private company,limited by shares, registered in England and Wales.The company 's registered number is 04129457 and registered office address is 2nd Floor, 10(B) Aldermans Hill, Palmers Green , London, N13 4PJ.

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 net rental income, excluding value added tax.

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.

Investment properties are carried at fair value determined annually by the directors or by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement of the year.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Capital gains tax on uncrystallised gains on property investments is provided in the financial statements using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Finance cost amortisation

Finance costs incurred in connection with the arrangement of bank loans are capitalised as a reduction to the loan and then amortised , on a straight line basis, over the duration of the loans.

Going concern

The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and the current high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,690,000

NET BOOK VALUE

At 31 March 2025

1,690,000

At 31 March 2024

1,690,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2004

200,000

Valuation in 2006

78,919

Valuation in 2011

85,260

Valuation in 2015

330,000

Valuation in 2016

8,279

Cost

987,542

1,690,000

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

5.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

-

4,000

Prepayments

695

4,695

Amounts falling due after more than one year:

Other debtors-

Deposit Protection Scheme

1,701

Aggregate amounts

2,396

6,396

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

290

261

Tax

9,435

9,764

Rent received in advance

1,500

6,250

11,225

16,275

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loan over 5 years

299,353

299,359

Finance cost

(2,145

)

(2,288

)

Rent Deposit

9,451

7,951

Directors' loan accounts

1,581

21,680

308,240

326,702

Amounts falling due in more than five years:

Repayable by instalments

Bank loan over 5 years

299,353

299,359

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

299,353

299,359

9.	DIRECTORS' LOAN

Included in Creditors - amounts falling due after more than one year is a loan of £1,581 (2024: £21,680) due to the Directors. This loan is recognised at transaction price. The directors' loan is not due until after more than 1 year and is interest free.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax on CGT provision

92,715

Deferred

tax

£

Balance at 1 April 2024

92,715

Balance at 31 March 2025

92,715

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

661,159

609,753

1,270,912

Profit for the year

40,224

At 31 March 2025

701,383

609,753

1,311,136

Fair value reserve as at 31 March 2025 is an amount of £609,753 (2024- £609,753) relate to revaluation reserves which are non distributable.

12.	RELATED PARTY DISCLOSURES

The directors and their companies rent offices from Lord Properties Ltd. Rent is charged at market rates.

13.	CONTROLLING PARTIES

The company is controlled by C. Skarparis, K.P. Simeou and C. Pantazis, the company directors and shareholders.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lord Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lord Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lord Properties Limited and state those matters that we have agreed to state to the Board of Directors of Lord Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lord Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lord Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lord Properties Limited. You consider that Lord Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lord Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

2 December 2025