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REGISTERED NUMBER: 04182445
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & Y STAVRINOU PROPERTIES LIMITED

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & Y STAVRINOU PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Mr A Stavrinou
Mrs Y. Stavrinou
Mr I Stavrinou
Mr S Stavrinou





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 04182445





ACCOUNTANTS: Pittalis Gilchrist LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,422 3,028
Investment property 4 1,330,000 1,330,000
1,332,422 1,333,028

CURRENT ASSETS
Debtors 5 91,155 102,889
Cash at bank 2,605 3,426
93,760 106,315
CREDITORS
Amounts falling due within one year 6 22,368 19,947
NET CURRENT ASSETS 71,392 86,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,403,814

1,419,396

CREDITORS
Amounts falling due after more than one
year

7

(381,623

)

(395,903

)

PROVISIONS FOR LIABILITIES 8 (204,975 ) (205,755 )
NET ASSETS 817,216 817,738

CAPITAL AND RESERVES
Called up share capital 9 300 300
Fair value reserve 10 816,516 816,516
Retained earnings 10 400 922
SHAREHOLDERS' FUNDS 817,216 817,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2017


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 21 December 2017 and were signed on
its behalf by:





Mr A Stavrinou - Director


A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

A & Y Stavrinou Properties Limited is a private company, limited by shares , registered in Not
specified/Other. 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.

Turnover
Turnover represents rents receivable from the investment properties owned by company. Rents are
recognised up to the year end date.

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.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2016
and 31 March 2017 35,352
DEPRECIATION
At 1 April 2016 32,324
Charge for year 606
At 31 March 2017 32,930
NET BOOK VALUE
At 31 March 2017 2,422
At 31 March 2016 3,028

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 1,330,000
NET BOOK VALUE
At 31 March 2017 1,330,000
At 31 March 2016 1,330,000

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. INVESTMENT PROPERTY - continued

Investment properties are revalued annually at their open market value in accordance with FRSSE
(effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve
except where the deficit reduces the property below its historical cost, in which case it is taken to the
profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the
Companies Act 2006. In the opinion of the members these properties are held primarily for their
investment potential and so their current value is of more significance that any measure of
consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE
(effective April 2008) in respect of investment properties have therefore been adopted in order to give
a true and fair view. If this departure from the Act had not been made, the losses for the year would
have been increased by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount which might
otherwise have been shown cannot be separately identified or quantified.

Fair value at 31 March 2017 is represented by:

£   
Valuation in 2013 509,365
Valuation in 2006 633,088
Valuation in 2015 (220,000 )
Valuation in 2016 100,000
Cost 307,547
1,330,000

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

31.3.17 31.3.16
£    £   
Cost 307,547 307,547

The directors feel that the property valuation fairly reflects the current market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 54,881 54,881
Other debtors 36,274 48,008
91,155 102,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts - 2
Tax 16,980 16,799
Rent deposit 800 800
Accruals and deferred income 2,068 -
Accrued expenses 2,520 2,346
22,368 19,947

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans more 5 yrs non-inst 381,623 395,903

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 381,623 395,903

The bank loans are secured by charges over the properties owned by the company.

8. PROVISIONS FOR LIABILITIES
31.3.17 31.3.16
£    £   
Deferred tax
Accelerated capital allowances 484 1,264
Deferred tax 204,491 204,491
204,975 205,755

Deferred
tax
£   
Balance at 1 April 2016 205,755
Provided during year (780 )
Balance at 31 March 2017 204,975

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
100 ordinary 1 100 100
200 ordinary non-voting 'B' 1 200 200
300 300

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2016 922 816,516 817,438
Profit for the year 41,478 41,478
Dividends (42,000 ) (42,000 )
At 31 March 2017 400 816,516 816,916

A & Y STAVRINOU PROPERTIES LIMITED (REGISTERED NUMBER: 04182445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

11. CONTINGENT LIABILITIES

The company has no contingent liabilities as at 31 March 2017 or 31 March 2016.

12. CAPITAL COMMITMENTS

There are no capital commitments contracted in the year.

13. RELATED PARTY DISCLOSURES

At the year end the directors owed the company £30,134 (2016 : £39,080).

14. ULTIMATE CONTROLLING PARTY

Ultimate control is vested in the directors of the company who are the majority shareholders.