REGISTERED NUMBER: 05256215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NORTH POINT ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

Mr S Panayiodou

REGISTERED OFFICE:

631 Seven Sisters Road

Seven Sisters

London

N15 5LE

REGISTERED NUMBER:

05256215 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

231

271

Investment property

5

1,650,000

1,650,000

1,650,231

1,650,271

CURRENT ASSETS

Debtors

6

9,768

13,283

Cash at bank

14,234

9,979

24,002

23,262

CREDITORS

Amounts falling due within one year

7

105,647

88,151

NET CURRENT LIABILITIES

(81,645

)

(64,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,568,586

1,585,382

CREDITORS

Amounts falling due after more than one year

8

(196,954

)

(213,345

)

PROVISIONS FOR LIABILITIES

10

(232,810

)

(232,810

)

NET ASSETS

1,138,822

1,139,227

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11

1,138,820

1,139,225

SHAREHOLDERS' FUNDS

1,138,822

1,139,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 October 2026 and were signed by:

Mr S Panayiodou - Director

1.	STATUTORY INFORMATION

North Point Estates Limited is a private company,limited by shares, registered in England and Wales.The company 's registered number is 05256215 and registered office address is 631 Seven Sister Road, Seven Sister, London, N15 5LE.

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.

Significant judgements and estimates

Critical accounting estimates and assumptions

The preparation of financial statements in accordance with generally accepted accounting principals requires management to make estimates and assumptions in certain circumstances that effect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. The estimates and assumptions that have a significant risk of causing a maternal adjustment to the carrying amounts of assets and liabilities within the next financial year are outlined below.

Trade receivables

The company reviews trade receivables and makes judgements on the recoverability of these receivables with reference to the age of outstanding amounts, credit status of the counterparty and the status of any outstanding dispute.

Turnover

Turnover represents net rental income, excluding value added tax.

Tangible fixed assets

Investment property

Investment property is carried at fair value determined annually by director 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. Changes in fair value are recognised in the Statement of Comprehensive Income.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Capital gains tax on uncrystallised gains on property investments is provided in the financial statements using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Finance costs amortisation

Finance costs incurred in connection with the arrangement of bank loans are capitalised as a reduction to the loan and then amortised , on a straight line basis, over the duration of the loans.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Long term directors loan account is interest free and measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

and 31 October 2025

4,962

DEPRECIATION

At 1 November 2024

4,691

Charge for year

40

At 31 October 2025

4,731

NET BOOK VALUE

At 31 October 2025

231

At 31 October 2024

271

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,650,000

NET BOOK VALUE

At 31 October 2025

1,650,000

At 31 October 2024

1,650,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2016

1,141,130

Cost

508,870

1,650,000

If Investment properties had not been revalued they would have been included at the following historical cost:

31.10.25

31.10.24

£

£

Cost

508,870

508,870

Investment properties were valued on an open market basis on 31 October 2025 by director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

8,500

12,015

Prepayments

1,268

1,268

9,768

13,283

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

31,524

28,914

Trade creditors

3,071

1,688

Tax

43,689

52,686

Other creditors

26,043

-

Directors' current accounts

-

3,543

Accrued expenses

1,320

1,320

105,647

88,151

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loan a/c 3 - 1-2 years

15,736

16,467

Bank loan a/c 4 - 1-2 years

15,788

12,447

Bank loan a/c 3 - 2-5 years

47,209

49,400

Bank loan a/c 4 - 2-5 years

47,364

37,341

Bank loan a/c 3 more 5 yr

23,525

26,396

Bank loan a/c 4 - more 5 yr

43,238

67,415

Finance Cost

(431

)

(646

)

Tenant's deposit

4,525

4,525

196,954

213,345

Amounts falling due in more than five years:

Repayable by instalments

Bank loan a/c 3 more 5 yr

23,525

26,396

Bank loan a/c 4 - more 5 yr

43,238

67,415

66,763

93,811

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

224,384

238,380

The bank loan is secured on the Freehold Properties. The director has provided personal guarantees to the amount of the bank loans.

10.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax on Capital Gains

232,810

232,810

Deferred

tax

£

Balance at 1 November 2024

232,810

Movement

Balance at 31 October 2025

232,810

Capital gains tax on uncrystallised gains on property investments during the year was £0.

11.

RESERVES

Retained

earnings

£

At 1 November 2024

1,139,225

Deficit for the year

(405

)

At 31 October 2025

1,138,820

Included in Retained earnings as at 31st of October 2025 is an amount of £908,320 (2024: £908,320) of revaluation reserves which are non distributable.

12.	RELATED PARTY DISCLOSURES

The director rents offices from North Point Estate Ltd. Rent is charged at market rates.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Point Estates Ltd for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of North Point Estates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Point Estates Ltd and state those matters that we have agreed to state to the director of North Point Estates Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Point Estates Ltd and its director for our work or for this report.

It is your duty to ensure that North Point Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of North Point Estates Ltd. You consider that North Point Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North Point Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

27 October 2026