REGISTERED NUMBER: 03314450 (England and Wales)

CHRISAND PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C Stylianou ACA, FCCA

Mrs M Stylianou

Mr C Stylianou

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

03314450 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

-

-

Investments

5

600,000

600,000

Investment property

6

700,000

700,000

1,300,000

1,300,000

CURRENT ASSETS

Debtors

7

2,650

2,350

Cash at bank

7,952

5,383

10,602

7,733

CREDITORS

Amounts falling due within one year

8

844,914

849,868

NET CURRENT LIABILITIES

(834,312

)

(842,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465,688

457,865

CREDITORS

Amounts falling due after more than one year

9

173,332

182,076

NET ASSETS

292,356

275,789

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

265,069

265,069

Retained earnings

27,187

10,620

SHAREHOLDERS' FUNDS

292,356

275,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 27 November 2025 and were signed on its behalf by:

Mr A C Stylianou ACA, FCCA - Director

1.	STATUTORY INFORMATION

Chrisand Properties 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.

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 represents gross rents receivable and it is recognised when the rent becomes due.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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 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.

Investment properties

The investment properties are stated at open market valuations made annually in accordance with FRS102. Surpluses or deficits arising on the revaluation are dealt with in the revaluation reserve account except that in the event of a permanent diminution in value of an investment property below its original cost the deficit is written off in the profit and loss account.

No depreciation is provided in respect of freehold investment properties. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Unlisted investments

Unlisted investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

3,407

DEPRECIATION

At 1 March 2024

and 28 February 2025

3,407

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 March 2024

and 28 February 2025

600,000

NET BOOK VALUE

At 28 February 2025

600,000

At 29 February 2024

600,000

Cost or valuation at 28 February 2025 is represented by:

Other

investments

£

Valuation in 2022

389,760

Cost

210,240

600,000

If the unlisted investments had not been revalued they would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

210,240

210,240

The unlisted investments were valued on an open market basis on 31 March 2025 by the directors .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

700,000

NET BOOK VALUE

At 28 February 2025

700,000

At 29 February 2024

700,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2022

581,521

Cost

118,479

700,000

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

28.2.25

29.2.24

£

£

Cost

118,479

118,479

The Investment property was valued on an open market basis on 28 February 2025 by by the directors. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

1,300

1,000

Rent deposit to agent

1,350

1,350

2,650

2,350

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

18,080

18,751

Amounts owed to group undertakings

823,875

724,000

Loans

200

200

Tenants deposit due

1,350

1,350

Directors' current accounts

1,409

105,567

844,914

849,868

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans - 1-2 years

18,080

18,751

Bank loans - 2-5 years

55,965

56,253

Bank loans more 5 yr by instal

99,287

107,072

173,332

182,076

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

99,287

107,072

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

191,412

200,827

11.

RESERVES

Fair

value

reserve

£

At 1 March 2024

and 28 February 2025

265,069

12.	ULTIMATE CONTROLLING PARTY

Sty Group Limited has ultimate control of the company by virtue of its holding of 100% of

the "A" Ordinary share share capital.