REGISTERED NUMBER: 02776821 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Michaelides Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mrs P G Michaelides

L Michaelides

REGISTERED OFFICE:

18-20 Frognal

London

NW3 6AG

REGISTERED NUMBER:

02776821 (England and Wales)

ACCOUNTANTS:

Tasos Papaloizou Chartered Accountants

Suite 1

The Golf Club

Darkes Lane

Potters Bar

EN6 1DE

FIXED ASSETS

Investment property

4

965,000

965,000

CURRENT ASSETS

Debtors

5

693,046

712,941

Cash at bank and in hand

927

1,254

693,973

714,195

CREDITORS

Amounts falling due within one year

6

105,446

103,035

NET CURRENT ASSETS

588,527

611,160

TOTAL ASSETS LESS CURRENT LIABILITIES

1,553,527

1,576,160

CREDITORS

Amounts falling due after more than one year

7

(452,857

)

(474,706

)

PROVISIONS FOR LIABILITIES

9

(184,422

)

(184,422

)

NET ASSETS

916,248

917,032

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

245,835

245,835

Retained earnings

670,411

671,195

SHAREHOLDERS' FUNDS

916,248

917,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

L Michaelides - Director

1.	STATUTORY INFORMATION

Michaelides Investments 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

Turnover shown in the profit and loss account represent rents receivable for the year.

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 Statement of Income and Retained Earnings, 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

965,000

NET BOOK VALUE

At 31 January 2025

965,000

At 31 January 2024

965,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2005

462,167

Valuation in 2006

25,000

Valuation in 2007

30,000

Valuation in 2008

31,500

Valuation in 2018

303,500

Cost

112,833

965,000

The investment property was valued on an open market basis on 31 January 2025 by by the Directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Amounts owed by connected companies

669,779

689,674

Other debtors

23,267

23,267

693,046

712,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

22,140

21,454

Amounts owed to connected companies

29,707

27,107

Taxation and social security

2,957

8,555

Other creditors

50,642

45,919

105,446

103,035

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

452,857

474,706

31.1.25

31.1.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

364,310

388,980

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loan

457,380

475,725

The Bank loans are secured by way of a first legal charge over the investment properties.

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

184,422

184,422

Deferred

tax

£

Balance at 1 February 2024

184,422

Balance at 31 January 2025

184,422

10.

RESERVES

Fair

value

reserve

£

At 1 February 2024

and 31 January 2025

245,835

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

L Michaelides

Balance outstanding at start of year

(11,104

)

(20,204

)

Amounts advanced

-

9,100

Amounts repaid

(2,322

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,426

)

(11,104

)

The Directors loan is unsecured, interest free and without specific terms for repayment.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Tasos Papaloizou Chartered Accountants

Suite 1

The Golf Club

Darkes Lane

Potters Bar

EN6 1DE

Date: .............................................