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Company Registration No. 08820994 (England and Wales)
Michael Charalambous Nyumba Ltd Unaudited accounts for the year ended 31 December 2025
Michael Charalambous Nyumba Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Michael Charalambous Nyumba Ltd Company Information for the year ended 31 December 2025
Director
Michael Charalambous
Company Number
08820994 (England and Wales)
Registered Office
54 Knightsbridge London SW1X 7JN United Kingdom
Accountants
RFM Associates 10 Carew Way Watford WD19 5GB
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Michael Charalambous Nyumba Ltd Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
29,000 
44,858 
Current assets
Inventories
4,715 
5,235 
Debtors
5
248,260 
306,623 
Cash at bank and in hand
5,895 
62,447 
258,870 
374,305 
Creditors: amounts falling due within one year
6
(99,432)
(112,718)
Net current assets
159,438 
261,587 
Total assets less current liabilities
188,438 
306,445 
Creditors: amounts falling due after more than one year
7
- 
(21,143)
Provisions for liabilities
Deferred tax
- 
(22,501)
Net assets
188,438 
262,801 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
188,338 
262,701 
Shareholders' funds
188,438 
262,801 
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2026 and were signed on its behalf by
Michael Charalambous Director Company Registration No. 08820994
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Michael Charalambous Nyumba Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Michael Charalambous Nyumba Ltd is a private company, limited by shares, registered in England and Wales, registration number 08820994. The registered office is 54 Knightsbridge, London, SW1X 7JN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 balance sheet date. 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 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.
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Michael Charalambous Nyumba Ltd Notes to the Accounts for the year ended 31 December 2025
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2025
519,127 
65,560 
188,182 
772,869 
Additions
- 
- 
1,356 
1,356 
Disposals
- 
- 
(66,000)
(66,000)
At 31 December 2025
519,127 
65,560 
123,538 
708,225 
Depreciation
At 1 January 2025
519,127 
34,060 
174,824 
728,011 
Charge for the year
- 
7,875 
3,339 
11,214 
On disposals
- 
- 
(60,000)
(60,000)
At 31 December 2025
519,127 
41,935 
118,163 
679,225 
Net book value
At 31 December 2025
- 
23,625 
5,375 
29,000 
At 31 December 2024
- 
31,500 
13,358 
44,858 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,715 
13,688 
Accrued income and prepayments
78,155 
78,155 
Other debtors
167,390 
214,780 
248,260 
306,623 
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Michael Charalambous Nyumba Ltd Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
6,777 
- 
VAT
29,606 
37,640 
Obligations under finance leases and hire purchase contracts
- 
9,636 
Trade creditors
21,627 
7,487 
Taxes and social security
34,093 
37,826 
Other creditors
4,585 
7,125 
Accruals
2,744 
13,004 
99,432 
112,718 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
21,143 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael Charalambous
Amounts advanced
214,780 
52,610 
100,000 
167,390 
214,780 
52,610 
100,000 
167,390 
9
Transactions with related parties
The director's remuneration for the year was as follows: 2025: Remuneration - £48,716 Contributions paid to money purchase schemes - £1,633 2024 Remuneration - £50,293 Contributions paid to money purchase schemes - £2,073
10
Average number of employees
During the year the average number of employees was 10 (2024: 11).
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