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Registered number: 09513015
Palatium Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Palatium Properties Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Palatium Properties Ltd
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 09513015

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 5,337 |  | 3,445
|  |  | 5,337 |  | 3,445
CURRENT ASSETS
Stocks |  | 125,000 |  | 75,622 |
Debtors | 5 | 241,315 |  | 263,064 |
Cash at bank and in hand |  | 23,843 |  | 4,717 |
|  | 390,158 |  | 343,403 |
Creditors: Amounts Falling Due Within One Year | 6 | (403,838 ) |  | (291,604 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (13,680 ) |  | 51,799
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (8,343 ) |  | 55,244
Creditors: Amounts Falling Due After More Than One Year | 7 |  | - |  | (19,854 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,014 ) |  | (654 )
NET (LIABILITIES)/ASSETS |  |  | (9,357 ) |  | 34,736
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Income Statement |  |  | (9,457 ) |  | 34,636
SHAREHOLDERS' FUNDS |  |  | (9,357) |  | 34,736

Page 1
Page 2
Palatium Properties Ltd
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Chirag Patel Director
4th April 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Palatium Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Palatium Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09513015 . The registered office is Airport House, Purley Way, Croydon, CR0 0XZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | No Depreciation
Plant & Machinery | 20% straight line basis
Computer Equipment | 25% straight line basis

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
Page 3
Page 4
Palatium Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was 8 (2024: 8)
8 8
Page 4
Page 5
Palatium Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 18,452 | 849 | 19,301
Additions | 6,191 | - | 6,191
As at 31 December 2025 | 24,643 | 849 | 25,492
Depreciation
As at 1 January 2025 | 15,007 | 849 | 15,856
Provided during the period | 4,299 | - | 4,299
As at 31 December 2025 | 19,306 | 849 | 20,155
Net Book Value
As at 31 December 2025 | 5,337 | - | 5,337
As at 1 January 2025 | 3,445 | - | 3,445

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 65,950 |  | 71,750
Prepayments and accrued income | 1,882 |  | -
Other Participating Interest (VKS Holdings Ltd) | 162,899 |  | -
Deferred tax current asset | 10,584 |  | -
VAT | - |  | 10,036
Group Company (VKS Lettings Ltd) | - |  | 181,278
| 241,315 |  | 263,064

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 17,639 |  | 5,722
Bank loans and overdrafts | 9,168 |  | -
COT | 73,081 |  | -
Other taxes and social security | 4,220 |  | 3,173
VAT | 6,525 |  | -
Other Participating Interests (VKS Holdings Ltd) | - |  | 56,698
Pension payable | 92 |  | -

...CONTINUED
Page 5
Page 6
Palatium Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

HP creditors due in1 year | 686 |  | 2,740
Amex | 15,708 |  | 13,873
Accruals and deferred income | 1,557 |  | 5,017
Other Creditors H & B | - |  | 15,570
Director's loan account | 275,162 |  | 188,811
| 403,838 |  | 291,604

The company took a Bounce Back loan for £50,000. The loan is over 6 years with the interest rate at 2.5% per annum.
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bounceback loan | - |  | 19,168
HP Creditors. | - |  | 686
| - |  | 19,854

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Related Party Transactions
The debtors include loans totaling £162,899 to VKS Holding Limited, in which the director has a controlling interest.
Page 6