Serious Properties Limited

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serious properties limited Company Information

Live

MatureSmallHealthy

Company Number

04426416

Website

Registered Address

1 kings avenue, winchmore hill, london, N21 3NA

Industry

Hotels and similar accommodation

Telephone

Next Accounts Due

April 2025

Group Structure

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Directors

Ioannis Theodorou22 Years

Shareholders

ioannis theodorou 30%

athena theodorou 30%

View All

serious properties limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of SERIOUS PROPERTIES LIMITED at £4.8m based on a Turnover of £4.5m and 1.05x industry multiple (adjusted for size and gross margin).

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Serious Properties Limited is a live company located in london, N21 3NA with a Companies House number of 04426416. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2002, it's largest shareholder is ioannis theodorou with a 30% stake. Serious Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Serious Properties Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £4.5m, make it in line with the average company (£5m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.1%)

EXPORT

Serious Properties Limited's latest turnover from July 2023 is estimated at £4.5 million and the company has net assets of £315.7 thousand. According to their latest financial statements, Serious Properties Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	4,524,555	3,204,635	3,209,438	3,142,974	2,526,660	1,995,426	1,809,399	82,353	51,246	24,388	17,754	129,452	268,795	516,752	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,524,729	1,904,558	2,860,082	1,830,685	1,413,869	1,120,483	1,018,675	45,642	28,365	13,856	10,208	75,476	156,171	291,506	0
Gross Profit	1,999,825	1,300,078	349,356	1,312,289	1,112,791	874,942	790,724	36,712	22,881	10,532	7,545	53,976	112,624	225,246	0
Admin Expenses	1,954,954	1,246,741	310,979	1,290,973	1,090,870	867,135	791,222	21,685	50,227	14,256	19,572	50,192	137,850	231,017	-303,364
Operating Profit	44,871	53,337	38,377	21,316	21,921	7,807	-498	15,027	-27,346	-3,724	-12,027	3,784	-25,226	-5,771	303,364
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	284	1,052	975	969	1,131	1,233	1,125	1,075	532
Pre-Tax Profit	44,871	53,337	38,377	21,316	21,921	7,807	-214	16,079	-26,371	-2,755	-10,896	5,017	-24,101	-4,696	303,896
Tax	-11,218	-10,134	-7,292	-4,050	-4,165	-1,483	0	-3,216	0	0	0	-1,204	0	0	-85,091
Profit After Tax	33,653	43,203	31,085	17,266	17,756	6,324	-214	12,863	-26,371	-2,755	-10,896	3,813	-24,101	-4,696	218,805
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	33,653	43,203	31,085	17,266	17,756	6,324	-214	12,863	-26,371	-2,755	-10,896	3,813	-24,101	-4,696	218,805
Employee Costs	45,010	41,587	36,703	38,566	37,732	36,214	34,828	17,097	16,313	15,663	15,431	30,715	61,725	120,123	0
Number Of Employees	2	2	2	2	2	2	2	1	1	1	1	2	4	8	0
EBITDA*	44,871	53,337	38,377	21,316	21,921	7,807	-498	15,762	-26,366	-2,418	-10,155	4,399	-24,354	-5,286	304,204

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	277	369	492	657	875	1,166	1,654	2,205	2,940	3,920	5,618	2,110	2,725	2,036	2,521
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	277	369	492	657	875	1,166	1,654	2,205	2,940	3,920	5,618	2,110	2,725	2,036	2,521
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	552,013	499,776	429,803	345,894	291,430	229,144	212,943	0	0	0	0	7,269	16,367	33,915	22,672
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	226,933	193,810	196,025	191,637	260,723	232,497	217,412	212,755
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	552,013	499,776	429,803	345,894	291,430	229,144	212,943	226,933	193,810	196,025	191,637	267,992	248,864	251,327	235,427
total assets	552,290	500,145	430,295	346,551	292,305	230,310	214,597	229,138	196,750	199,945	197,255	270,102	251,589	253,363	237,948
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	236,555	218,063	191,416	138,757	101,777	57,538	48,149	62,376	42,851	19,675	14,230	76,181	61,481	22,081	18,922
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	17,073	121
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	236,555	218,063	191,416	138,757	101,777	57,538	48,149	62,376	42,851	19,675	14,230	76,181	61,481	39,154	19,043
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	236,555	218,063	191,416	138,757	101,777	57,538	48,149	62,376	42,851	19,675	14,230	76,181	61,481	39,154	19,043
net assets	315,735	282,082	238,879	207,794	190,528	172,772	166,448	166,762	153,899	180,270	183,025	193,921	190,108	214,209	218,905
total shareholders funds	315,735	282,082	238,879	207,794	190,528	172,772	166,448	166,762	153,899	180,270	183,025	193,921	190,108	214,209	218,905

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	44,871	53,337	38,377	21,316	21,921	7,807	-498	15,027	-27,346	-3,724	-12,027	3,784	-25,226	-5,771	303,364
Depreciation	0	0	0	0	0	0	0	735	980	1,306	1,872	615	872	485	840
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,218	-10,134	-7,292	-4,050	-4,165	-1,483	0	-3,216	0	0	0	-1,204	0	0	-85,091
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	52,237	69,973	83,909	54,464	62,286	16,201	212,943	0	0	0	-7,269	-9,098	-17,548	11,243	22,672
Creditors	18,492	26,647	52,659	36,980	44,239	9,389	-14,227	19,525	23,176	5,445	-61,951	14,700	39,400	3,159	18,922
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-92	-123	-165	-218	-291	-488	-227,668	32,071	-3,190	3,027	-64,837	26,993	32,594	-13,370	215,363
Investing Activities
capital expenditure	92	123	165	218	291	488	551	0	0	392	-5,380	0	-1,561	0	-3,361
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	92	123	165	218	291	488	551	0	0	392	-5,380	0	-1,561	0	-3,361
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	-17,073	16,952	121
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	284	1,052	975	969	1,131	1,233	1,125	1,075	532
cash flow from financing	0	0	0	0	0	0	184	1,052	975	969	1,131	1,233	-15,948	18,027	753
cash and cash equivalents
cash	0	0	0	0	0	0	-226,933	33,123	-2,215	4,388	-69,086	28,226	15,085	4,657	212,755
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-226,933	33,123	-2,215	4,388	-69,086	28,226	15,085	4,657	212,755

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SERIOUS PROPERTIES LIMITED group structure

Serious Properties Limited has no subsidiary companies.

Ultimate parent company

SERIOUS PROPERTIES LIMITED

04426416

SERIOUS PROPERTIES LIMITED Shareholders

ioannis theodorou	30%
athena theodorou	30%
andreas theodorou	28%
panayiota theodorou	12%

Serious Properties Limited currently has 1 director, Mr Ioannis Theodorou serving since May 2002.

officer	country	age	start	end	role
Mr Ioannis Theodorou	England	78 years	May 2002	-	Director

P&L

July 2023

turnover

4.5m

+41%

operating profit

44.9k

gross margin

44.2%

+8.95%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

315.7k

+0.12%

total assets

552.3k

+0.1%

cash

net assets

Total assets minus all liabilities

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company number

04426416

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

April 2002

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

July 2023

address

1 kings avenue, winchmore hill, london, N21 3NA

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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serious properties limited Company Information

serious properties limited Estimated Valuation

serious properties limited Estimated Valuation

serious properties limited Estimated Valuation

Serious Properties Limited Overview

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