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REGISTERED NUMBER: 10622516 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PLATANI INVESTMENTS LIMITED

PLATANI INVESTMENTS LIMITED (REGISTERED NUMBER: 10622516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PLATANI INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Costas Tsentas
Mrs Andriani Tsenta





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 10622516 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

PLATANI INVESTMENTS LIMITED (REGISTERED NUMBER: 10622516)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 11,800,000 11,800,000

CURRENT ASSETS
Debtors 5 3,651,837 29,710
Cash at bank 41,876 93,798
3,693,713 123,508
CREDITORS
Amounts falling due within one year 6 4,769,073 1,304,451
NET CURRENT LIABILITIES (1,075,360 ) (1,180,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,724,640

10,619,057

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10,723,640 10,618,057
10,724,640 10,619,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 April 2025 and were signed on its behalf by:





Mr Costas Tsentas - Director


PLATANI INVESTMENTS LIMITED (REGISTERED NUMBER: 10622516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Platani 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.

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement.
Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. No
depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

FINANCIAL INSTRUMENTS
Borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial
recognition, borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of borrowings, together with any interest and fees payable using the effective interest method.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PLATANI INVESTMENTS LIMITED (REGISTERED NUMBER: 10622516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 11,800,000
NET BOOK VALUE
At 31 December 2024 11,800,000
At 31 December 2023 11,800,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 (1,651,579 )
Cost 13,451,579
11,800,000

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

2024 2023
£    £   
Cost 13,451,579 13,451,579

Investment properties were valued on a fair value basis on 31 December 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 3,632,097 -
Other debtors 19,740 29,710
3,651,837 29,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,675,000 785,000
Trade creditors - 1,158
Amounts owed to group undertakings - 450,999
Taxation and social security 43,243 7,687
Other creditors 50,830 59,607
4,769,073 1,304,451

PLATANI INVESTMENTS LIMITED (REGISTERED NUMBER: 10622516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,675,000 785,000

The bank loans are secured by way of fixed charges over the assets of the company.

8. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an interest free amount of £nil (2023: £3,238) owed to Mrs A Tsenta, director of the company.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Myrides Holdings Limited, a company incorporated in England and Wales.

During the period under review, the company was not under the control of any one individual.