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Registration number: 02927477

Pan European Professional Real Estate Developers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Pan European Professional Real Estate Developers Ltd

(Registration number: 02927477)
Balance Sheet as at 31 December 2024

| Note | 2024 € | 2023 €
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 260,000 |  | 260,000
Investments | 5 |  | 302,824 |  | 422,375
|  |  | 562,824 |  | 682,375
Current assets |  |  |  |  |
Debtors | 6 | 1,027,928 |  | 1,030,968 |
Cash at bank and in hand |  | 1,269 |  | 4,127 |
|  | 1,029,197 |  | 1,035,095 |
Creditors: Amounts falling due within one year | 7 | (725,076) |  | (850,525) |
Net current assets |  |  | 304,121 |  | 184,570
Net assets |  |  | 866,945 |  | 866,945
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 866,945 |  | 866,945 |
Shareholders' funds |  |  | 866,945 |  | 866,945

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2026 and signed on its behalf by:

......................................... Helen Roue Director

Pan European Professional Real Estate Developers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
6 East Point
High Street
Seal
Sevenoaks
Kent
TN15 0EG

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company is an investment holding agent that in substance is acting as a principal in its commercial dealings by having control of and primary responsibility for the investment holdings in Notes 4 & 5 below, including facing exposure to risks that may arise therefrom. Consequently these Financial Statements have been prepared presenting the substance of this position by following Paragraphs 2.8 & 10.4(b)(ii) of FRS 102 in applying the accounting practice for a principal within its Appendix 1.

Revenue recognition

Turnover represents amounts included pursuant to the accounting practice stated in Note 2 above for covering expenses and investment losses of the year.

Tangible assets

Tangible assets are stated in the balance sheet at cost.

The above tangible asset is for an apartment in Venice, Italy.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses to the latest available valuation date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

Pan European Professional Real Estate Developers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Land and buildings € | Total €
Cost or valuation
At 1 January 2024 | 260,000 | 260,000
At 31 December 2024 | 260,000 | 260,000
Depreciation
Carrying amount
At 31 December 2024 | 260,000 | 260,000
At 31 December 2023 | 260,000 | 260,000

Included within the net book value of land and buildings above is £260,000 (2023 - £260,000) in respect of freehold land and buildings.

5 | Other financial assets (current and non-current)

| Other investments other than loans € | Total €
Non-current financial assets
Cost or valuation
At 1 January 2024 | 1,984,400 | 1,984,400
At 31 December 2024 | 1,984,400 | 1,984,400
Impairment
At 1 January 2024 | 1,562,025 | 1,562,025
Reversal of losses | 119,551 | 119,551
At 31 December 2024 | 1,681,576 | 1,681,576
Carrying amount
At 31 December 2024 | 302,824 | 302,824

The above fixed asset investment is for 19,844 units in the Pinnacle Investment Fund of €302.824 (2023: €422,375) at €15,260.234 per unit

Pan European Professional Real Estate Developers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Debtors

| 2024 € | 2023 €
Other debtors | 1,027,928 | 1,030,968
| 1,027,928 | 1,030,968

7 | Creditors

Creditors: amounts falling due within one year

| 2024 € | 2023 €
Due within one year |  |
Other creditors | 725,076 | 850,525

8 | Share capital

The issued share capital comprises 3 called up "A" shares of nominal value US$ 1 each (€3) plus 780,000 called up "B" shares of nominal value US$ 1 each (€866,942).
There is also 997 nil called up "B" shares of nominal value US$ 1 each.