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Registration number: 02864692

Parque Albatros Properties Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Parque Albatros Properties Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Parque Albatros Properties Ltd

Company Information

Director | Mr Nuno A P V Jorge

Registered office | 760 Eastern Avenue Ilford Essex IG2 7HU

Accountants | Tahas & Co Ltd Chartered Certified Accountants Suite 3, Second Floor 760 Eastern Avenue Newbury Park London IG2 7HU

Parque Albatros Properties Ltd

(Registration number: 02864692)
Balance Sheet as at 31 December 2024

| Note | 2024 € | 2023 €
Fixed assets |  |  |
Investment property | 4 | 492,826 | 988,760
Current assets |  |  |
Debtors | 5 | 9,605 | 9,698,570
Creditors: Amounts falling due within one year | 6 | (9,266) | (201,263)
Net current assets |  | 339 | 9,497,307
Total assets less current liabilities |  | 493,165 | 10,486,067
Creditors: Amounts falling due after more than one year | 6 | - | (7,639,937)
Net assets |  | 493,165 | 2,846,130
Capital and reserves |  |  |
Called up share capital | 7 | 12 | 12
Retained earnings |  | 493,153 | 2,846,118
Shareholders' funds |  | 493,165 | 2,846,130

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2025

......................................... Mr Nuno A P V Jorge Director

Parque Albatros Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
760 Eastern Avenue
Ilford
Essex
IG2 7HU
England

These financial statements were authorised for issue by the director on 5 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Parque Albatros Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Investment properties

| 2024 €
At 1 January | 988,760
Disposals | (495,934)
At 31 December | 492,826

There has been no valuation of investment property by an independent valuer.

Parque Albatros Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Debtors

Current | Note | 2024 € | 2023 €
Amounts owed by related parties |  | - | 9,698,570
Other debtors |  | 9,605 | -
|  | 9,605 | 9,698,570

6 | Creditors

Creditors: amounts falling due within one year

| 2024 € | 2023 €
Due within one year |  |
Taxation and social security | 9,266 | 4,724
Other creditors | - | 196,539
| 9,266 | 201,263

Creditors: amounts falling due after more than one year

| 2024 € | 2023 €
Due after one year |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | - | 7,639,937

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | € | No. | €
Ordinary of €1 each | 10 | 10 | 10 | 10