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Company registration number:
01023259
PANTHEON PROPERTIES LIMITED
Unaudited Filleted Financial Statements for the year ended
30 June 2025
PANTHEON PROPERTIES LIMITED
Statement of Financial Position
30 June 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 5,626,049 |  | 5,628,066 |
Current assets |  |  |  |  |
Debtors | 6 | 6,082 |  | 8,098 |
Cash at bank and in hand |  | 398,189 |  | 423,780 |
|  | 404,271 |  | 431,878 |
Creditors: amounts falling due within one year | 7 | (457,383 | ) | (456,796 | )
Net current liabilities |  | (53,112 | ) | (24,918 | )
Total assets less current liabilities |  | 5,572,937 |  | 5,603,148 |
Provisions for liabilities |  | (1,107,023 | ) | (1,107,023 | )
Net assets |  | 4,465,914 |  | 4,496,125 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 12 |  | 12 |
Profit and loss account |  | 4,465,902 |  | 4,496,113 |
Shareholders funds |  | 4,465,914 |  | 4,496,125 |

For the year ending
30 June 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 January 2026
, and are signed on behalf of the board by:

S Nicolaou
Director

Company registration number:
01023259
PANTHEON PROPERTIES LIMITED
Notes to the Financial Statements
Year ended
30 June 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Kings Avenue
,
London
,
N21 3NA
, United Kingdom.
The principal activity of the company is that of property investment.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the presentation and functional currency of the company.

## Judgements and key sources of estimation uncertainty

The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are discussed below.
- Useful lives of depreciable assets Management reviews the useful lives of depreciable assets at each reporting date to ensure that the useful lives represent a reasonable estimate of likely period of benefit to the Company. Actual useful lives, however, may vary due to unforseen events.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment | 25% reducing balance

## Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

## 5 Tangible assets

| Land and buildings | Plant and machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 July 2024 and 30 June 2025 | 5,620,000 |  | 184,668 |  | 5,804,668 |
Depreciation |  |  |  |  |  |
At 1 July 2024 | - |  | 176,602 |  | 176,602 |
Charge | - |  | 2,017 |  | 2,017 |
At 30 June 2025 | - |  | 178,619 |  | 178,619 |
Carrying amount |  |  |  |  |  |
At 30 June 2025 | 5,620,000 |  | 6,049 |  | 5,626,049 |
At 30 June 2024 | 5,620,000 |  | 8,066 |  | 5,628,066 |

## Investment property

Included in land and buildings are the following amounts in relation to investment properties:

| 2025
--- | ---
| £
Carrying value at 1 July 2024 and 30 June 2025 | 5,620,000 |

The fair value of the property at 30 June 2025 has been arrived on the basis of a valuation carried out at the date by S Nicolaou, the director of the company who is not a professionally qualified valuer.
The historical cost of the freehold properties was £340,472 (2024 - £340,472).

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 1,400 |  | 3,250 |
Other debtors | 4,682 |  | 4,848 |
| 6,082 |  | 8,098 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 261 |  | - |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 400,054 |  | 400,054 |
Taxation and social security | 47,703 |  | 47,573 |
Other creditors | 9,365 |  | 9,169 |
| 457,383 |  | 456,796 |

## 8 Related party transactions

The company took the advantage of exemption under section 33.1A of FRS102 not to disclose related party transactions with wholly owned subsidiary.
As at the year ended the company owed the director, S Nicolaou £6 (2024 - £6). No interest is charged on the director's loan account.

## 9 Controlling party

The ulimate parent undertaking is New Pantheon Properties Limited, which owns 100% of the issued share capital and has it's registered office at 1 Kings Avenue, Winchmore Hill, London, N21 3NA.
The ultimate controlling party of the group is S Nicolaou.