REGISTERED NUMBER: 03768163 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Loizou Enterprises Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Loizou

Mr K Loizou

SECRETARY:

Mr K Loizou

REGISTERED OFFICE:

1146 High Road

London

N20 0RA

REGISTERED NUMBER:

03768163 (England and Wales)

ACCOUNTANTS:

Cymans

Chartered Certified Accountants

1146 High Road

Whetstone

London

N20 0RA

FIXED ASSETS

Property, plant and equipment

4

147

184

Investment property

5

4,650,000

4,650,000

4,650,147

4,650,184

CURRENT ASSETS

Cash at bank and in hand

25,702

22,859

CREDITORS

Amounts falling due within one year

6

573,552

600,975

NET CURRENT LIABILITIES

(547,850

)

(578,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,102,297

4,072,068

CREDITORS

Amounts falling due after more than one year

7

(249,333

)

(313,874

)

PROVISIONS FOR LIABILITIES

(763,754

)

(763,754

)

NET ASSETS

3,089,210

2,994,440

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

3,089,110

2,994,340

SHAREHOLDERS' FUNDS

3,089,210

2,994,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 September 2025 and were signed on its behalf by:

Mrs M Loizou - Director

1.	STATUTORY INFORMATION

Loizou Enterprises Limited is a private company, limited by shares , registered in England and Wales. 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.	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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

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.

Turnover

Turnover represents rent receivable on an accrual basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

3,574

DEPRECIATION

At 1 June 2024

3,390

Charge for year

37

At 31 May 2025

3,427

NET BOOK VALUE

At 31 May 2025

147

At 31 May 2024

184

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

4,650,000

NET BOOK VALUE

At 31 May 2025

4,650,000

At 31 May 2024

4,650,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2024

18,000

Valuation in 2024

2,550,367

Valuation in 2023

955,202

Cost

1,126,431

4,650,000

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

31.5.25

31.5.24

£

£

Cost

1,126,431

1,126,431

Investment property was valued on an open market basis on 31 May 2017 by the director .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

3,896

27,424

Taxation and social security

29,008

19,204

Other creditors

540,648

554,347

573,552

600,975

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

249,333

313,874

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

249,333

313,874

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

249,333

313,874

The bank holds the first legal charge over the freehold and leasehold property investments.

9.

RESERVES

Retained

earnings

£

At 1 June 2024

2,994,340

Profit for the year

94,770

At 31 May 2025

3,089,110

Retained earnings comprises of the following:

Distributable reserves £329,294 (£-42,674 in 2024)

Non distributable reserves £2,759,816 (£3,037,014 in 2024)