Company No: 09353902 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jeremy Patrick Gould
	Alexandra Constance Prescot
	Rupert James Prescot

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

09353902 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Investments	3	3,558,401		3,215,141
		3,558,401		3,215,141
Current assets
Cash at bank and in hand		258,325		352,480
		258,325		352,480
Creditors: amounts falling due within one year	4	( 375,676)		( 452,267)
Net current liabilities		(117,351)		(99,787)
Total assets less current liabilities		3,441,050		3,115,354
Net assets		3,441,050		3,115,354
Capital and reserves
Called-up share capital		2		2
Profit and loss account		3,441,048		3,115,352
Total shareholders' funds		3,441,050		3,115,354

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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pallingham Ltd (registered number: 09353902) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Jeremy Patrick Gould Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pallingham Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company is being supported financially by the directors and shareholders.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Taxation

Current tax
The current 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments are held at fair value, with any unrealised gains or losses being recognised as profit or loss in the current period. Investments are treated as non-current assets on the basis that they are intended to be held for at least 12 months after the balance sheet date. The investments are valued at year end by Caceis Investor Services.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		4

3. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	3,215,141		3,215,141
Movement in fair value	495,357		495,357
Foreign exchange movement	( 152,097)		( 152,097)
At 31 December 2024	3,558,401		3,558,401
Carrying value at 31 December 2024	3,558,401		3,558,401
Carrying value at 31 December 2023	3,215,141		3,215,141

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Taxation and social security	0		64,241
Other creditors	375,676		388,026
	375,676		452,267

5. Related party transactions

Transactions with the entity's directors

In July 2017 the company entered into a borrowing facility totaling up to EUR500,000 between the company and some directors and shareholders. At the balance sheet date £246,345/EUR298,000 (2023: £259,191/EUR298,000) had been drawn. Interest is charged at 2.5%. The loan is unsecured, repayable on demand and is included in the creditors note.