REGISTERED NUMBER: 10211076 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

PATH INVESTMENTS (LONDON) LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Dimos Demosthenous

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

10211076 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Investments

5

1

1

Investment property

6

2,850,000

2,245,000

2,850,001

2,245,001

CURRENT ASSETS

Debtors

156,447

143,839

Cash at bank

10,850

1,204

167,297

145,043

CREDITORS

Amounts falling due within one year

61,343

65,377

NET CURRENT ASSETS

105,954

79,666

TOTAL ASSETS LESS CURRENT LIABILITIES

2,955,955

2,324,667

CREDITORS

Amounts falling due after more than one year

7

3,670,764

3,607,911

NET LIABILITIES

(714,809

)

(1,283,244

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Fair value reserve

(522,782

)

-

Retained earnings

(192,028

)

(1,283,245

)

SHAREHOLDERS' FUNDS

(714,809

)

(1,283,244

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr Dimos Demosthenous - Director

1.	STATUTORY INFORMATION

Path Investments (London) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

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.

Turnover

Turnover is rental income measured at fair value of rent received or receivable, excluding discounts, rebates, and value added tax, from property owned by the company.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. At the end of each period, the carrying value is adjusted to the fair value at that date. Fair value is determined by consideration of comparable market data such as rental yields, location, condition and nature of the property. The gains and losses are taken to profit and loss at the end of each period.

Deferred tax is recognised in respect to any gains, and the amount included in profit and loss is net of any deferred tax provision.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 30 December 2023

and 29 December 2024

1

NET BOOK VALUE

At 29 December 2024

1

At 29 December 2023

1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Path Investments (London) Holdings Limited

Registered office: c/o Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares

100.00

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 December 2023

2,245,000

Revaluations

605,000

At 29 December 2024

2,850,000

NET BOOK VALUE

At 29 December 2024

2,850,000

At 29 December 2023

2,245,000

The company's investment property is measured at fair value at each reporting date in accordance with the company's accounting policy.

Subsequent to the year end, the directors obtained a professional valuation of the investment property dated June 2025. The valuation was undertaken having regard to market conditions, rental yields, and comparable transactions existing at 29 December 2024 and was assessed by the directors to provide reliable evidence of the property's fair value at the reporting date.

On this basis, the fair value of the investment property at 29 December 2024 has been determined as £2,850,000 (2023: £2,245,000). The resulting fair value gain has been recognised in the profit and loss account for the year in accordance with FRS 102.

The historical cost of the investment property is £3,372,782.

Fair value at 29 December 2024 is represented by:

£

Valuation in 2020

(1,172,782

)

Valuation in 2024

650,000

Cost

3,372,782

2,850,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loan due more than 1 year

1,165,763

1,198,663

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,190,955

1,214,308

The bank loan is secured against the leasehold investment property of the company in favour of the lender. The loan is repayable over the period 15 years from September 2020. Interest is chargeable on the amounts drawn under the facility at GBP Libor three months plus margin of 2.50% per annum.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Dimos Demosthenous.

He controls the company by virtue of holding all 100% of the issued share capital of the company.