REGISTERED NUMBER: 00755252 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

A A.MICHAELIDES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A.A. Michaelides

Mr A Michaelides

Mrs M.M. Michaelides

J.M. O'Keefe

SECRETARY:

Mr A.A. Michaelides

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

00755252 (England and Wales)

ACCOUNTANTS:

Pittalis Gilchrist LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

3

4,800,000

4,800,000

TOTAL ASSETS LESS CURRENT LIABILITIES

4,800,000

4,800,000

PROVISIONS FOR LIABILITIES

4

960,000

960,000

NET ASSETS

3,840,000

3,840,000

CAPITAL AND RESERVES

Called up share capital

5

50,000

50,000

Revaluation reserve

6

3,408,556

3,408,556

Retained earnings

6

381,444

381,444

SHAREHOLDERS' FUNDS

3,840,000

3,840,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 March 2018 and were signed on its behalf by:

Mr A Michaelides - Director

1.	STATUTORY INFORMATION

A A.Michaelides 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Land and building held and used in the Company's own activities for production and supply of goods or for

administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations

are carried out regularly so that the carrying amounts do not materially differ form using the fair value at the date of

the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation

reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings

unless an asset is derecognised.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 July 2016

and 30 June 2017

4,800,000

36,357

4,836,357

DEPRECIATION

At 1 July 2016

and 30 June 2017

-

36,357

36,357

NET BOOK VALUE

At 30 June 2017

4,800,000

-

4,800,000

At 30 June 2016

4,800,000

-

4,800,000

Cost or valuation at 30 June 2017 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2016

600,000

-

600,000

Valuation in 2013

3,265,221

-

3,265,221

Valuation in 2003

503,335

-

503,335

Cost

431,444

36,357

467,801

4,800,000

36,357

4,836,357

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

30.6.17

30.6.16

£

£

Cost

431,444

431,444

Freehold properties were valued on an open market basis on 30 June 2016 by the company directors .

4.	PROVISIONS FOR LIABILITIES

30.6.17

30.6.16

£

£

Deferred tax

960,000

960,000

Deferred

tax

£

Balance at 1 July 2016

960,000

Balance at 30 June 2017

960,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

1

100

100

49,900

Ordinary non-voting 'A' shares

1

49,900

49,900

50,000

50,000

6.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 July 2016

381,444

3,408,556

3,790,000

Profit for the year

-

-

At 30 June 2017

381,444

3,408,556

3,790,000