Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12503767 Mr ANDREW SPYROU Mr SPEROS SPYROU Mrs ELENA PIERETTI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12503767 2024-03-31 12503767 2025-03-31 12503767 2024-04-01 2025-03-31 12503767 frs-core:CurrentFinancialInstruments 2025-03-31 12503767 frs-core:Non-currentFinancialInstruments 2025-03-31 12503767 frs-core:FurnitureFittings 2025-03-31 12503767 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12503767 frs-core:FurnitureFittings 2024-03-31 12503767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 12503767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12503767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12503767 frs-core:ShareCapital 2025-03-31 12503767 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12503767 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12503767 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12503767 frs-bus:SmallEntities 2024-04-01 2025-03-31 12503767 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12503767 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12503767 frs-bus:Director1 2024-04-01 2025-03-31 12503767 frs-bus:Director2 2024-04-01 2025-03-31 12503767 frs-bus:Director3 2024-04-01 2025-03-31 12503767 frs-countries:EnglandWales 2024-04-01 2025-03-31 12503767 2023-03-31 12503767 2024-03-31 12503767 2023-04-01 2024-03-31 12503767 frs-core:CurrentFinancialInstruments 2024-03-31 12503767 frs-core:Non-currentFinancialInstruments 2024-03-31 12503767 frs-core:ShareCapital 2024-03-31 12503767 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12503767
TAKIS REAL ESTATE LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12503767
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 486,557 486,663
486,557 486,663
CURRENT ASSETS
Debtors 5 2,897 339
Cash at bank and in hand 39,404 36,841
42,301 37,180
Creditors: Amounts Falling Due Within One Year 6 (200,239 ) (203,038 )
NET CURRENT ASSETS (LIABILITIES) (157,938 ) (165,858 )
TOTAL ASSETS LESS CURRENT LIABILITIES 328,619 320,805
Creditors: Amounts Falling Due After More Than One Year 7 (310,614 ) (304,521 )
NET ASSETS 18,005 16,284
CAPITAL AND RESERVES
Called up share capital 9 90 90
Profit and Loss Account 17,915 16,194
SHAREHOLDERS' FUNDS 18,005 16,284
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs ELENA PIERETTI
Director
09/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TAKIS REAL ESTATE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12503767 . The registered office is Southgate Office Village, 286a Chase Road, Southgate, London, N14 6HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income received during the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Fixtures & Fittings 20% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 486,132 908 487,040
As at 31 March 2025 486,132 908 487,040
Depreciation
As at 1 April 2024 - 377 377
Provided during the period - 106 106
As at 31 March 2025 - 483 483
Net Book Value
As at 31 March 2025 486,132 425 486,557
As at 1 April 2024 486,132 531 486,663
In the opinion of the director the fair value of the properties has not materially changed at the end of the reporting date since the date of acquisition of the properties.
Cost or valuation as at 31 March 2025 represented by:
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
At cost 486,132 908 487,040
486,132 908 487,040
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 486 339
Other debtors 2,411 -
2,897 339
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 196 156
Corporation tax 780 2,410
Other creditors 2,500 2,500
Accruals and deferred income 2,006 2,677
Directors' loan accounts 194,757 195,295
200,239 203,038
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 310,614 304,521
8. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans are secured over the freehold properties of the company
2025 2024
£ £
Bank loans and overdrafts - 304,521
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 90 90
10. Related Party Transactions
Included in creditors amount falling due with in one year is an amount of £65,676 (2024: £65,612) due to Mr Andrew Spyrou, director of the company. The loan is interest free.
Included in creditors amount falling due with in one year is an amount of £64,422 (2024: £65,612) due to Mr Speros Spyrou, director of the company. The loan is interest free.
Included in creditors amount falling due with in one year is an amount of £63,659 (2024: £64,070) due to Mrs Elena Pieretti, director of the company. The loan is interest free.
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