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REGISTERED NUMBER: 08321359 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| PRIVATE PROPERTIES LIMITED |

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PRIVATE PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr A Misirlis

| Miss E Misirlis

| REGISTERED OFFICE: | Solar House

| 282 Chase Road

| London

| N14 6NZ

| REGISTERED NUMBER: | 08321359 (England and Wales)

| AUDITORS: | Freemans Partnership LLP

| Chartered Certified Accountants

| and Statutory Auditors

| Solar House

| 282 Chase Road

| London

| N14 6NZ

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,075,000 |  | 1,075,000 |  |

CURRENT ASSETS

Debtors | 5 | 96,728 |  | 98,768 |  |

Cash at bank and in hand | 100,433 |  | 124,534 |  |

197,161 |  | 223,302 |  |

CREDITORS

Amounts falling due within one year | 6 | 667,188 |  | 725,127 |  |

NET CURRENT LIABILITIES | (470,027 | ) | (501,825 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 604,973 |  | 573,175 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 545,301 |  | 511,830 |  |

NET ASSETS | 59,672 |  | 61,345 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 10 | 59,671 |  | 61,344 |  |

SHAREHOLDERS' FUNDS | 59,672 |  | 61,345 |  |

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 15 October 2025 and were signed on its behalf by:

Mr A Misirlis - Director

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Private Properties 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 on a going concern basis under the historical cost convention.

| Going concern

| The accounts have been prepared on a going concern basis which the directors consider to be appropriate.

| At the time of approving the financial statements the directors have reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimations and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. In this regard, the Directors believe that the critical accounting policies where judgments or estimations are necessarily applied are summarised below.

| Fair value of investment property - The directors review the fair value of the investment property at each reporting date to ensure that the carrying amount represents the value of the property.

| Turnover

| Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

| 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.

| 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 balance sheet date.

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 1,075,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,075,000 |  |

| At 31 December 2023 | 1,075,000 |  |

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2020 | (284,460 | ) |

| Valuation in 2022 | 75,000 |  |

| Cost | 1,284,460 |  |

1,075,000 |  |

| Investment property was valued on an open market basis on 31 December 2024 by the Directors .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | - |  | 4,545 |  |

| Amounts owed by group undertakings | 10,076 |  | - |  |

| Other debtors | 22,500 |  | 22,500 |  |

| Prepayments | 6,412 |  | 10,507 |  |

| Deferred tax | 57,740 |  | 61,216 |  |

96,728 |  | 98,768 |  |

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | - |  | 45,356 |  |

| Trade creditors | - |  | 469 |  |

| Amounts owed to group undertakings | 611,947 |  | 630,025 |  |

| Tax | 5,697 |  | 10,925 |  |

| VAT | 5,280 |  | 5,281 |  |

| Deferred income | 25,081 |  | 29,191 |  |

| Accrued expenses | 19,183 |  | 3,880 |  |

667,188 |  | 725,127 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans - 1-2 years | - |  | 46,780 |  |

| Bank loans - 2-5 years | - |  | 149,355 |  |

| Bank loans more 5 yr by instal | - |  | 315,695 |  |

| Other loans - 2-5 years | 95,436 |  | - |  |

| Other loans more 5yrs instal | 449,865 |  | - |  |

545,301 |  | 511,830 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 315,695 |  |

| Other loans more 5yrs instal | 449,865 |  | - |  |

449,865 |  | 315,695 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Other loans | 545,301 |  | - |  |

| The ultimate controlling company, Zorobian Enterprises Limited, has granted a first-ranking share charge over all of its shares in the Company under a financing agreement dated 4 November 2024. No security has been granted by the Company over its own assets.

PRIVATE PROPERTIES LIMITED (REGISTERED NUMBER: 08321359) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 1 | Ordinary shares | £1 | 1 |  | 1 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 61,344 |  |

| Deficit for the year | (1,673 | ) |

| At 31 December 2024 | 59,671 |  |

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

| The Report of the Auditors was unqualified.

| Raju Kalia (Senior Statutory Auditor)

| for and on behalf of Freemans Partnership LLP

12. | RELATED PARTY DISCLOSURES

| At the year end the company owed £611,913 (2023: £629,991) to Zorobian Enterprises Limited, a company which has significant influence over the entity. The balance is unsecured, interest free and payable on demand.

| At the year end the company owed £34 (2023: £34) to Y.A.M. Imperio Enterprises Limited, a company which has significant influence over the entity. The balance is unsecured, interest free and payable on demand.

| At the year end Nisos Estates Ltd, a company which has the same ultimate controlling party, owed the company £10,076 (2023: Nil). The balance is unsecured, interest free and payable on demand.

13. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Zorobian Enterprises Limited.

| The ultimate controlling party and holding company is Zorobian Enterprises Limited, a company incorporated in Cyprus. The smallest and largest group in which the company is included within the group financial statements is that of Zorobian Enterprises Limited, copies of which can be obtained from Kedron 5, Imperio House, Mesa Geitonia, 4004, Limassol, Cyprus