Company registration number: 03079785
Annual report and unaudited financial statements
for the year ended 30 June 2025
for
Papaloizou Developments Ltd
Pages for filing with the Registrar
Company registration number: 03079785
Papaloizou Developments Ltd
Balance sheet
as at 30 June 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 3,360,000 3,360,000
3,360,000 3,360,000
Current assets
Debtors 5 90,430 5,111
Cash at bank and in hand 74 58
90,504 5,169
Creditors: amounts falling due within one year
6 (155,246) (87,485)
Net current liabilities (64,742) (82,316)
Total assets less current liabilities 3,295,258 3,277,684
Creditors: Amounts falling due after more than one year
7 (476,955) (476,955)
Provisions for liabilities (218,136) (218,136)
NET ASSETS 2,600,167 2,582,593
Capital and reserves
Called up share capital 102 102
Other reserves 1,674,214 1,674,214
Profit and loss account 925,851 908,277
TOTAL EQUITY 2,600,167 2,582,593
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03079785
Papaloizou Developments Ltd
Balance sheet - continued
as at 30 June 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 July 2026 and signed on its behalf by:
Mr T Papaloizou, Director Mr C Papaloizou, Director
31 July 2026 31 July 2026
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Papaloizou Developments Ltd
Notes to the financial statements
for the year ended 30 June 2025
1 Company information
Papaloizou Developments Ltd is a private company registered in England and Wales. Its registered number is 03079785. The company is limited by shares. Its registered office is 18-20 Frognal, London, NW3 6AG.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property -
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 balance sheet date.
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Papaloizou Developments Ltd
Notes to the financial statements - continued
for the year ended 30 June 2025
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2024 3,360,000
At 30 June 2025 3,360,000
Depreciation
At 30 June 2025 -
Net book value
At 30 June 2025 3,360,000
At 30 June 2024 3,360,000
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Papaloizou Developments Ltd
Notes to the financial statements - continued
for the year ended 30 June 2025
4 Tangible fixed assets - continued
Cost or valuation at 30 June 2025 is represented by:
Land and buildings
£
Valuation in 2024 820,000
Valuation in 2016 962,815
Valuation in 2005 40,000
Valuation in 2001 100,000
Valuation in 2000 110,000
Valuation in 1999 257,000
Valuation in 1997 39,216
Cost 1,030,969
3,360,000
The Freehold investment properties were revalued
5 Debtors
2025 2024
£ £
Trade debtors 2,720 2,720
Other debtors 87,710 2,391
90,430 5,111
6 Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 69,897 -
Taxation 85,349 87,485
155,246 87,485
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 474,666 474,666
Other creditors 2,289 2,289
476,955 476,955
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Papaloizou Developments Ltd
Notes to the financial statements - continued
for the year ended 30 June 2025
7 Creditors: amounts falling due after more than one year - continued
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable otherwise than by instalments
Bank loans 474,666 474,666
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