REGISTERED NUMBER: 14979215 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

EKE LONDON PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

C Bilgingulluoglu

K Bilgingulluoglu

Ms B Alp

A Bilgingulluoglu

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

14979215 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69 - 73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investment property

4

2,714,509

1,279,914

Current assets

Debtors

5

5,009

112,559

Cash at bank

69,804

107,477

74,813

220,036

Creditors

Amounts falling due within one year

6

2,803,479

1,479,950

Net current liabilities

(2,728,666

)

(1,259,914

)

Total assets less current liabilities

(14,157

)

20,000

Capital and reserves

Called up share capital

7

20,000

20,000

Retained earnings

(34,157

)

-

Shareholders' funds

(14,157

)

20,000

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C Bilgingulluoglu - Director

K Bilgingulluoglu - Director

1.	Statutory information

EKE London 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern

The financial statements have been prepared on a going concern basis. The company incurred a loss for the reporting period and the directors are aware that statement of financial position shows a net liability position, however, all of the company's debt facilities are limited recourse in nature and would therefore be extinguished to the extent that the company's assets are insufficient to repay the debt facilities in any such event. The directors have a reasonable assumption that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

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

1,279,914

Additions

1,434,595

At 31 December 2024

2,714,509

Net book value

At 31 December 2024

2,714,509

At 31 December 2023

1,279,914

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

5,009

112,559

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Other creditors

2,803,479

1,479,950

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20,000

Ordinary

1

20,000

20,000

8.	Related party disclosures

At 31 December 2024 the Company owed the directors £2,798,512 (2023:£1,479,950), there is no set repayment date and no interest is charged on the loans.