REGISTERED NUMBER: 11485019 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2023 to 31 December 2024

for

Ciconia Properties Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

2,500,949

2,529,404

CURRENT ASSETS

Debtors

5

260,384

247,896

Cash at bank

5,730

4,962

266,114

252,858

CREDITORS

Amounts falling due within one year

6

1,002,352

1,497,229

NET CURRENT LIABILITIES

(736,238

)

(1,244,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,764,711

1,285,033

CREDITORS

Amounts falling due after more than one year

7

(1,587,666

)

(1,122,402

)

PROVISIONS FOR LIABILITIES

(39,902

)

(36,736

)

NET ASSETS

137,143

125,895

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

428,152

330,783

Retained earnings

(291,109

)

(204,988

)

SHAREHOLDERS' FUNDS

137,143

125,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr Job Wim Alexander Gutteling - Director

1.	STATUTORY INFORMATION

Ciconia Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11485019

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2023

2,529,404

Disposals

(128,990

)

Revaluations

100,535

At 31 December 2024

2,500,949

NET BOOK VALUE

At 31 December 2024

2,500,949

At 31 July 2023

2,529,404

Investment properties situated at 19 Thomas Street, Tonypandy, CF40 2AH and Flat 4, 6 Charles Street, Blackpool, FY1 3HD are under a charge from Hampshire Trust Bank PLC. The charge was created on 28 May 2020.

Investment properties situated at 70 High Street, Neyland, Milford Haven SA73 1TF and Flat 4, 39 St Telio Street, Pontarddulais, Swansea, SA4 8RA are under a charge from Hampshire Trust Bank PLC. The charge was created on 22 January 2021.

Investment property situated at 31, Kensington Place, Newport, NP19 8GP is under a charge from Castle Trust Capital PLC. The charge was created on 24 January 2022.

Investment properties situated at 50 Commercial Road, Port Talbot, SA13 1LG and 105 Ynyscynon Road, Port Tonypandy, CF40 2LH are under a charge from Hampshire Trust Bank PLC. The charge was created on 07 June 2022.

Investment properties situated at Rose Cottage, Rhosmaen, Llandeilo, SA19 6NP and Flat 5, 20 Marine Terrace, Aberystwyth, SY23 2AZ are under a charge from Castle Trust Capital PLC. The charge was created on 19 August 2022.

Investment property situated at 17 All Saints Road, Lytham St. Annes, FY8 1PL is under a charge from Quantum Mortgages Limited. The charge was created on 21 April 2023.

Investment property situated at 47 Marlborough Road, Swansea, SA2 0DZ is under a charge from Castle Trust Capital PLC. The charge was created on 25 October 2023.

Investment properties mentioned below are under a charge from Hampshire Trust Bank PLC. The charge was created on 13 March 2024.

a) 56 Jubilee Crescent Shildon DL4 2AN.

b) 1 Albert Street Grange Villa Chester Le Street DH2 3LS.

c) 13 Emmerson Street Crook DL15 8NF.

d) 13 Wardle Street Quaking Houses Stanley DH9 7EX.

e) 46 Kinross Drive Stanley DH9 6UT.

f) 8 Oaklea Shildon DL4 2BP.

g) 15 Lanehouse Road Thornaby Stockton-On-Tees TS17 8AF.

h) 30 Co-Operative Street Shildon DL4 1DA.

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2020

21,553

Valuation in 2021

1,500

Valuation in 2022

(23,053

)

Valuation in 2023

367,519

Valuation in 2024

100,535

Cost

2,032,895

2,500,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.7.23

£

£

Other debtors

260,384

247,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.7.23

£

£

Other creditors

1,002,352

1,497,229

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.7.23

£

£

Bank loans

1,587,666

1,122,402

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,587,666

1,122,402

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.7.23

£

£

Bank loans

1,587,666

1,122,402

The loan amounting to £99,450 is secured by the way of charge on the properties situated at 19 Thomas Street, Tonypandy, CF40 2AH and Flat 4, 6 Charles Street, Blackpool, FY1 3HD (disclosed as investment properties). The charge was created in the name of Hampshire Trust Bank Plc on 28 May 2020.

The loan amounting to £135,692 is secured by the way of charge on the properties situated at 70 High Street, Neyland, Milford Haven SA73 1TF and 39 St Telio Street, Pontarddulais, Swansea, SA4 8RA (disclosed as investment properties). The charge was created in the name of Hampshire Trust Bank Plc on 22 January 2021.

The loan amounting to £191,250 is secured by the way of charge on the properties situated at 50 Commercial Road, Port Talbort, SA13 1LG and 105 Ynyscynon Road, Tonypandy, CF40 2LH (disclosed as investment properties). The charge was created in the name of Hampshire Trust Bank Plc on 07 June 2022.

The loan amounting to £248,625 is secured by the way of charge on the property situated at 31 Kensington Place, Newport, NP19 8GP (disclosed as investment property). The charge was created in the name of Castle Trust Capital Plc on 24 January 2022.

The loan amounting to £206,449 is secured by the way of charge on the property situated at 17 All Saints Road, Lytham St Annes, FY8 1PL (disclosed as investment property). The charge was created in the name of Quantum Mortgages Limited on 21 April 2023.

The loan amounting to £240,937 is secured by the way of charge on the properties situated at Rose Cottage, Rhosmaen, Llandeilo, SA19 6NP and Flat 5, 20 Marine Terrace, Aberystwyth, SY23 2AZ (disclosed as investment properties). The charge was created in the name of Castle Trust Capital PLC on 19 August 2022.

The loan amounting to £194,859 is secured by the way of charge on the property situated at 47 Marlborough Road, Swansea, SA2 0DZ (disclosed as investment property). The charge was created in the name of Castle Trust Capital PLC on 25 October 2023.

The loan amounting to £270,375 is secured by the way of charge on the investment properties mentioned below. The charge was created in the name of Hampshire Trust Bank Plc on 13 March 2024.

a) 56 Jubilee Crescent Shildon DL4 2AN.

b) 1 Albert Street Grange Villa Chester Le Street DH2 3LS.

c) 13 Emmerson Street Crook DL15 8NF.

d) 13 Wardle Street Quaking Houses Stanley DH9 7EX.

e) 46 Kinross Drive Stanley DH9 6UT.

f) 8 Oaklea Shildon DL4 2BP.

g) 15 Lanehouse Road Thornaby Stockton-On-Tees TS17 8AF.

h) 30 Co-Operative Street Shildon DL4 1DA.

The company has provided guarantees in respect of loans obtained by third parties. Certain legal charges have been registered at Companies House in the company's name in connection with these guarantees.

The company acts solely as a guarantor and has no ownership interest in, or direct liability for, the related properties or borrowings.

Details are as follows:

a) Adville, Lumsden Terrace, Stanley, DH9 8EQ- Charge registered in the company's name in connection with a loan from Maurice Van Der Kroft dated 31 August 2023. The property is not owned by the company.

b) Land on the South-East and North-East Side of 47 Coleridge Gardens, Skerne Park, Darlington, DL1 5AJ- Charge registered in the company's name in connection with a loan from Jurgen Pieter Christiaan Spoor dated 19 September 2023. The property is not owned by the company.

c) 31 Kensington Place, Newport, NP19 8GP- An investment property owned by the company and mortgaged in favour of Together Commercial Finance Limited on 26 November 2024.

No amounts have been recognised in the financial statements in respect of these guarantees, as the directors consider the likelihood of any obligation arising to be remote.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.7.23

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 August 2023

330,783

Transfer to/from reserves

97,369

At 31 December 2024

428,152

11.	RELATED PARTY DISCLOSURES

The company owes £184,695 (2023: £184,595) to its director, Mr Job Wim Alexander Gutteling as at accounting year end date.

The company owes £624 (2023: £624) to its director, Mrs Melanie Gutteling-Van Der Heijden as at accounting year end date.

The company owes £466,929 (2023: £466,569) to Ciconia Trading Ltd, a company registered in United Kingdom (Company registered number: 11310705). Mr Job Wim Alexander Gutteling and Mrs Melanie Gutteling-Van Der Heijden are also directors of this company as at accounting year end date.

The company owes £244,661 (2023: £242,161) to Gorsedd Development Ltd, a company registered in United Kingdom (Company registered number: 12912804). Mr Job Wim Alexander Gutteling and Mrs Melanie Gutteling-Van Der Heijden are directors of this company as at accounting year end date.

The company was owed £235,704 (2023: £236,278) from Riverside Living Investments Ltd, a company registered in United Kingdom (Company registered number: 14087439). Mr Job Wim Alexander Gutteling is also a director of this company as at accounting year end date.