A & Y Stavrinou Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04182445

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A & Y STAVRINOU PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Stavrinou

Mrs Y. Stavrinou

Mr I Stavrinou

Mr S Stavrinou

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

04182445

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

5

407

508

Investment property

6

1,730,000

1,730,407

1,730,508

CURRENT ASSETS

Debtors

7

54,881

Cash at bank

8,863

3,482

63,744

58,363

CREDITORS

Amounts falling due within one year

8

36,406

39,526

NET CURRENT ASSETS

27,338

18,837

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,757,745

1,749,345

CREDITORS

Amounts falling due after more than one
year

9

(257,633

)

(274,715

)

PROVISIONS FOR LIABILITIES

11

(355,715

)

(355,740

)

NET ASSETS

1,144,397

1,118,890

CAPITAL AND RESERVES

Called up share capital

12

300

Fair value reserve

1,065,423

Retained earnings

78,674

53,167

SHAREHOLDERS' FUNDS

1,144,397

1,118,890

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 27 November 2025 and were signed on its behalf by:

Mr A Stavrinou - Director

1.	STATUTORY INFORMATION

A & Y Stavrinou Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

35,352

DEPRECIATION

At 1 April 2024

34,844

Charge for year

101

At 31 March 2025

34,945

NET BOOK VALUE

At 31 March 2025

407

At 31 March 2024

508

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,730,000

NET BOOK VALUE

At 31 March 2025

1,730,000

At 31 March 2024

1,730,000

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2006

633,088

Valuation in 2013

509,365

Valuation in 2015

(220,000

)

Valuation in 2016

100,000

Valuation in 2023

400,000

Cost

307,547

1,730,000

If had not been revalued would have been included at the following historical cost:

31/3/25

31/3/24

£

Cost

307,547

The directors feel that the property valuation fairly reflects the current market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Other debtors

54,881

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

7,995

13,471

Trade creditors

636

-

Taxation and social security

25,158

21,024

Other creditors

2,617

5,031

36,406

39,526

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans

257,633

274,715

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Bank loans

257,633

274,715

Bounce back loan

7,995

13,471

265,628

288,186

The bank loans are secured by charges over the properties owned by the company.

The bounce back loan is guaranteed by the UK Government under BBLS (the BBLS Guarantee) . There are no capital or interest repayments for the first 12 months after the date of draw down after which the total amount payable must be repaid by way of 60 consecutive monthly repayments (consisting of capital and interest). Interest is charged at a rate of 2.5% on the outstanding principle amount.

11.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

Deferred tax

Accelerated capital allowances

102

127

Deferred tax

355,613

355,715

355,740

Deferred tax

£

Balance at 1 April 2024

355,740

Provided during year

(25

)

Balance at 31 March 2025

355,715

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

ordinary

1

100

200

ordinary non-voting 'B'

1

200

300