Company No: 07556920 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

T C J Appleton

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

07556920 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	4,995,000		6,000,000
Investments	4	9,393		9,393
		5,004,393		6,009,393
Current assets
Debtors	5	7,859,360		7,990,267
Cash at bank and in hand		8,229		110,665
		7,867,589		8,100,932
Creditors: amounts falling due within one year	6, 9	( 10,046,261)		( 14,008,300)
Net current liabilities		(2,178,672)		(5,907,368)
Total assets less current liabilities		2,825,721		102,025
Creditors: amounts falling due after more than one year	7	( 4,550,000)		0
Net (liabilities)/assets		( 1,724,279)		102,025
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		( 1,725,279 )		101,025
Total shareholder's (deficit)/funds		( 1,724,279)		102,025

For the financial year ending 31 March 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 member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Appleton Property Company Limited (registered number: 07556920) were approved and authorised for issue by the Director on 29 April 2026. They were signed on its behalf by:

T C J Appleton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts not prepared

The company is a parent company that qualifies as a small group under the provisions of the Companies Act 2006. In accordance with Section 398 of the Act, the company has taken advantage of the exemption from the requirement to prepare consolidated financial statements.

Going concern

After reviewing the Company's forecasts and projections, the director has reasonable assurance that the company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing these financial statements.

Revenue recognition

Turnover comprises rental income and the fair value of the consideration received or receivable for the provision of management services. Rental income is brought into account on an accruals basis and is recognised on a straight-line basis over the lease term. Turnover is shown net of value added tax.

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments.

Finance costs of borrowings are recognised on the basis of the effective interest method and included in interest payable and similar charges.

Investments

Investments in unlisted company shares are measured at cost less any provision for impairment.

Investment property

Investment property is carried at fair value, derived from derived from current market prices for comparable real estate determined annually. Changes in fair value are recognised in profit or loss.

Tax payable on director's loan

Tax payable on the director's loan is treated as a debtor and is released on repayment of the loan. If this loan is not repaid then the tax payable is to be released as a debtor and charged to the Income Statement on write off of the loan.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	6,000,000
Fair value movement	(1,005,000)
As at 31 March 2025	4,995,000

4. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	100		100
Participating interests	9,293		9,293
	9,393		9,393

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	100
At 31 March 2025	100
Carrying value at 31 March 2025	100
Carrying value at 31 March 2024	100

	Investments in associates		Investments in joint ventures		Total
	£		£		£
Cost or valuation before impairment
At 01 April 2024	4,716		4,577		9,293
At 31 March 2025	4,716		4,577		9,293
Carrying value at 31 March 2025	4,716		4,577		9,293
Carrying value at 31 March 2024	4,716		4,577		9,293

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Appleton Entertainment Group Limited	22 Chancery Lane, London, WC2A 1LS	Investment holding	Ordinary	100.00%	100.00%

Investments in associates

The following were associates of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Rocket Properties London Limited	PO Box 296, Regency Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 QNA	Investment holding	"A" Tracker Shares	24.99%	24.99%
Rocket Properties Development Management Limited	PO Box 296, Regency Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 4NA	Investment holding	Ordinary	17.00%	17.00%

The company holds multiple classes of shares in Rocket Properties Limited in addition to the above as follows, 20.00% "B" Tracker Shares, 7.80% "C" Tracker Shares, 24.99% "D" Tracker Shares, 22.50% Promote Shares. These shareholdings remained unchanged from the prior year.

Investments in joint ventures

The following were joint ventures of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Epworth Street Investments Limited	PO Box 296, Regency Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 4NA	Property holding	Ordinary	50.00%	50.00%

5. Debtors

	2025		2024
	£		£
Trade debtors	5,430		800
Amounts owed by group undertakings (note 8)	237,233		284,834
Amounts owed by related parties (note 8)	3,891,558		3,665,480
Prepayments	10,221		9,570
Deposits	27,239		400,794
Other debtors	3,687,679		3,628,789
	7,859,360		7,990,267

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	137,563		4,520,608
Trade creditors	62,419		62,614
Accruals and deferred income	123,604		115,129
Corporation tax	98,053		451,642
Other taxation and social security	10,686		11,334
Obligations under finance leases and hire purchase contracts	44,140		67,485
Other creditors	9,569,796		8,779,488
	10,046,261		14,008,300

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	4,550,000		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with related parties or connected persons

Amounts owed by related parties

	2025		2024
	£		£
Rocket Properties London Limited	3,891,558		3,665,480

Interest receivable from related parties

	2025		2024
	£		£
Rocket Properties London Limited	251,769		235,369

Interest payable to related parties

	2025		2024
	£		£
City Developments (145) Limited	0		198,675

During the year the Company advanced £24,966 (2024: £487,982) to the director. As at the balance sheet date, the director of the Company owed £2,945,266 (2024: £2,920,230). The loan is included in Other Debtors on the Balance Sheet. The loan is unsecured, interest free and repayable on demand.

Mr T C Appleton, the director of the Company was a director of an associated undertaking, Rocket Properties London Limited. The Company provided a loan to Rocket Properties London Limited. The loan bears interest at 6% per annum. The loan is unsecured and repayable on demand. Interest receivable on the loan for the year was £251,769 (2024: £235,369).

9. Secured debts

Secured debts

	2025		2024
	£		£
Financing arrangement	4,687,563		4,520,608

The company entered into a murabaha financing arrangement with QIB (UK) Plc in connection with the purchase of the Company's investment property. The profit on the contract payable to the bank is related to a 3-month SONIA plus a margin of 300 basis points. The arrangements are secured against the property and certain cash deposits. Mr T C J Appleton, the sole director and shareholder has also provided a personal guarantee. At the beginning of the year the facility was increased to £4,550,000 and extended until January 2028.

10. Ultimate controlling party

The controlling party is T C J Appleton.