REGISTERED NUMBER: 15678850 (England and Wales)

Financial Statements

FOR THE PERIOD

25 April 2024 to 31 December 2024

for

PLATON PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C P Georgiou

Mrs L Machlouzarides

Miss I A Georgiou

SECRETARY:

Mrs L Machlouzarides

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

15678850 (England and Wales)

AUDITORS:

AGK Partnership Ltd

Chartered Accountants & Statutory Auditors

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Investment property

4

9,434,106

CURRENT ASSETS

Debtors

5

23,934

Cash at bank and in hand

456,885

480,819

CREDITORS

Amounts falling due within one year

6

8,741,747

NET CURRENT LIABILITIES

(8,260,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173,178

CREDITORS

Amounts falling due after more than one year

7

1,170,000

NET ASSETS

3,178

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

3,078

SHAREHOLDERS' FUNDS

3,178

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 28 July 2025 and were signed on its behalf by:

C P Georgiou - Director

1.	STATUTORY INFORMATION

Platon Properties Ltd 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 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.

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.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment properties are properties held either to earn rental or for capital appreciation or both.

Investment property is initially measured at cost, including transaction costs. Subsequent to initial recognition, the company applies the fair value model, whereby investment property is remeasured to fair value at each reporting date. Changes in fair value are recognized in profit or loss.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short-term deposits and other short-term liquid investments with original maturities of three months or less that is readily convertible to a known amount of cash and are subject to insignificant risk of changes in values.

Basic financial assets

Basic financial assets, which include trade and other debtors , amounts owed by group undertakings, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors amounts owed from group undertakings, are

initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

9,434,106

At 31 December 2024

9,434,106

NET BOOK VALUE

At 31 December 2024

9,434,106

The directors confirm that the value of the investment property to be as statement in the accounts as at 31 December 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

17,096

Other debtors

6,838

23,934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

130,000

Trade creditors

7,111

Amounts owed to group undertakings

8,595,462

Taxation and social security

1,711

Other creditors

7,463

8,741,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,170,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,300,000

The loans are secured by way of a negative pledge, fixed and floating charge over all the property or undertaking of the company located at 309 Elveden Road, London NW10 7S.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

ordinary

1

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi (FCCA) (Senior Statutory Auditor)

for and on behalf of AGK Partnership Ltd

11.	CROSS GUARANTEE

The company has provided a cross guarantee for a loan by a connected party, and it has been secured by way of a fixed charge.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is C P Georgiou.

14.	ULTIMATE PARENT COMPANY

Amathus Drinks Group Ltd is regarded by the directors as being the company's ultimate parent company.

The group in which the result of the company are consolidated is that headed by Amathus Drinks Group Ltd which is incorporated in the United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from company's registered office at 309 Elveden Road, Ealing, London, NW10 7ST.