IRIS Accounts Production v26.1.10.61 01296420 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01296420 2025-03-31 01296420 2026-03-31 01296420 2025-04-01 2026-03-31 01296420 2024-03-31 01296420 2024-04-01 2025-03-31 01296420 2025-03-31 01296420 ns15:EnglandWales 2025-04-01 2026-03-31 01296420 ns14:PoundSterling 2025-04-01 2026-03-31 01296420 ns10:Director1 2025-04-01 2026-03-31 01296420 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01296420 ns10:SmallEntities 2025-04-01 2026-03-31 01296420 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 01296420 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 01296420 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01296420 ns10:FullAccounts 2025-04-01 2026-03-31 01296420 ns10:Director3 2025-04-01 2026-03-31 01296420 ns10:CompanySecretary1 2025-04-01 2026-03-31 01296420 ns10:RegisteredOffice 2025-04-01 2026-03-31 01296420 ns5:CurrentFinancialInstruments 2026-03-31 01296420 ns5:CurrentFinancialInstruments 2025-03-31 01296420 ns5:ShareCapital 2026-03-31 01296420 ns5:ShareCapital 2025-03-31 01296420 ns5:CapitalRedemptionReserve 2026-03-31 01296420 ns5:CapitalRedemptionReserve 2025-03-31 01296420 ns5:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 01296420 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01296420 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 01296420 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01296420 ns5:FurnitureFittings 2025-04-01 2026-03-31 01296420 ns5:ComputerEquipment 2025-04-01 2026-03-31 01296420 ns5:FurnitureFittings 2025-03-31 01296420 ns5:ComputerEquipment 2025-03-31 01296420 ns5:FurnitureFittings 2026-03-31 01296420 ns5:ComputerEquipment 2026-03-31 01296420 ns5:FurnitureFittings 2025-03-31 01296420 ns5:ComputerEquipment 2025-03-31 01296420 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 01296420 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01296420 ns5:DeferredTaxation 2025-03-31 01296420 ns5:DeferredTaxation 2025-04-01 2026-03-31 01296420 ns5:DeferredTaxation 2026-03-31 01296420 ns10:Director1 1 2025-03-31 01296420 ns10:Director1 1 2024-03-31 01296420 ns10:Director1 1 2025-04-01 2026-03-31 01296420 ns10:Director1 1 2024-04-01 2025-03-31 01296420 ns10:Director1 1 2026-03-31 01296420 ns10:Director1 1 2025-03-31 01296420 1 2025-04-01 2026-03-31

REGISTERED NUMBER: 01296420 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| PAUL ECONOMOU & COMPANY LIMITED |

PAUL ECONOMOU & COMPANY LIMITED (REGISTERED NUMBER: 01296420) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| PAUL ECONOMOU & COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | Mr A P Economou

| Mrs M Theodosiou

| SECRETARY: | Mr A P Economou

| REGISTERED OFFICE: | 16 Praed Mews

| Paddington

| London

| W2 1QY

| REGISTERED NUMBER: | 01296420 (England and Wales)

| ACCOUNTANTS: | EA

| Chartered Accountants

| 869 High Road

| London

| N12 8QA

PAUL ECONOMOU & COMPANY LIMITED (REGISTERED NUMBER: 01296420) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 2,625 |  |

Investment property | 5 | 11,665,000 |  | 11,360,000 |  |

11,665,000 |  | 11,362,625 |  |

CURRENT ASSETS

Debtors | 6 | 45,408 |  | 76,135 |  |

Cash at bank | 487,374 |  | 942,850 |  |

532,782 |  | 1,018,985 |  |

CREDITORS

Amounts falling due within one year | 7 | 347,923 |  | 401,229 |  |

NET CURRENT ASSETS | 184,859 |  | 617,756 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,849,859 |  | 11,980,381 |  |

PROVISIONS FOR LIABILITIES | 8 | 2,058,800 |  | 2,003,000 |  |

NET ASSETS | 9,791,059 |  | 9,977,381 |  |

CAPITAL AND RESERVES

Called up share capital | 25,009 |  | 25,009 |  |

Capital redemption reserve | 1,628 |  | 1,628 |  |

Non-distributable reserves | 6,176,248 |  | 6,009,092 |  |

Retained earnings | 3,588,174 |  | 3,941,652 |  |

SHAREHOLDERS' FUNDS | 9,791,059 |  | 9,977,381 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

Mr A P Economou - Director

PAUL ECONOMOU & COMPANY LIMITED (REGISTERED NUMBER: 01296420) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Paul Economou & Company 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover represents net invoiced rental income and services.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme on behalf of two directors. Contributions payable for the year are charged in the profit and loss account and also operates a stakeholder scheme for qualifying employees.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2025 - 5 ) .

PAUL ECONOMOU & COMPANY LIMITED (REGISTERED NUMBER: 01296420) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 7,841 |  | 5,062 |  | 12,903 |  |

| Disposals | (7,841 | ) | (5,062 | ) | (12,903 | ) |

| At 31 March 2026 | - |  | - |  | - |  |

| DEPRECIATION

| At 1 April 2025 | 7,333 |  | 2,945 |  | 10,278 |  |

| Charge for year | 76 |  | 528 |  | 604 |  |

| Eliminated on disposal | (7,409 | ) | (3,473 | ) | (10,882 | ) |

| At 31 March 2026 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  | - |  | - |  |

| At 31 March 2025 | 508 |  | 2,117 |  | 2,625 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 11,360,000 |  |

| Additions | 82,044 |  |

| Revaluations | 222,956 |  |

| At 31 March 2026 | 11,665,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 11,665,000 |  |

| At 31 March 2025 | 11,360,000 |  |

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2026 | 8,235,046 |  |

| Cost | 3,429,954 |  |

11,665,000 |  |

| If investment property had not been revalued they would have been included at the following historical cost:

2026 | 2025 |

£ | £ |

| Cost | 3,429,954 |  | 3,347,910 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 38,056 |  | 61,850 |  |

| Other debtors | 7,352 |  | 14,285 |  |

45,408 |  | 76,135 |  |

PAUL ECONOMOU & COMPANY LIMITED (REGISTERED NUMBER: 01296420) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 1,350 |  | 23 |  |

| Taxation and social security | 70,225 |  | 128,542 |  |

| Other creditors | 276,348 |  | 272,664 |  |

347,923 |  | 401,229 |  |

8. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 2,058,800 |  | 2,003,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 2,003,000 |  |

| Provided during year | 55,800 |  |

| Balance at 31 March 2026 | 2,058,800 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026 | 2025 |

£ | £ |

| Mr A P Economou

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 3,780 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 3,780 |  | - |  |

10. | POST BALANCE SHEET EVENTS

| Subsequent to the balance sheet date, the directors have approved a demerger under which the investment properties together with related assets and liabilities were transferred to two companies.

| The demerger became effective from April 2026. Since the event occurred after the reporting date, no adjustment has been made in these financial statements in respect of the demerger.

| The directors believes that the above transaction will not impact the going concern assumption of the company.