REGISTERED NUMBER: 05837505 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2025

FOR

FULHAM PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Wahid

Mr A Theodorou

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

05837505 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Investment property

5

9,751,079

9,751,079

CURRENT ASSETS

Debtors

1,669,378

794,958

Cash at bank

45,965

167,749

1,715,343

962,707

CREDITORS

Amounts falling due within one year

2,669,173

2,132,503

NET CURRENT LIABILITIES

(953,830

)

(1,169,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,797,249

8,581,283

CREDITORS

Amounts falling due after more than one year

(1,939,196

)

(980,253

)

PROVISIONS FOR LIABILITIES

6

(996,920

)

(996,920

)

NET ASSETS

5,861,133

6,604,110

CAPITAL AND RESERVES

Called up share capital

7

4,174

4,174

Fair value reserve

8

1,785,607

1,785,607

Retained earnings

4,071,352

4,814,329

SHAREHOLDERS' FUNDS

5,861,133

6,604,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 June 2026 and were signed on its behalf by:

Mr P Wahid - Director

Mr A Theodorou - Director

1.	STATUTORY INFORMATION

Fulham Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rent receivable.

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.

Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. At the end of each period, the carrying value is adjusted to the fair value at that date. Fair value is determined by consideration of comparable market data such as rental yields, location, condition and nature of the property. The gains and losses are taken to profit and loss at the end of each period.

Deferred tax is recognised in respect to any gains, and the amount included in profit and loss is net of any deferred tax provision.

Taxation

Taxation for the period 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 reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting 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 period 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 July 2024

and 30 July 2025

9,751,079

NET BOOK VALUE

At 30 July 2025

9,751,079

At 30 July 2024

9,751,079

Fair value at 30 July 2025 is represented by:

£

Valuation in 2014

2,551,366

Valuation in 2016

691,315

Valuation in 2023

745,000

Cost

5,763,398

9,751,079

Investment property is stated at fair value at the reporting date. The carrying value of investment property at 30 July 2025 was £9,751,079 (2024: £9,751,079). Included within this amount are properties which were formally valued on an open market basis at £7,645,000 by Mr M Pericleous MRICS of Anderson Wilde & Harris Chartered Surveyors on 17 July 2023. The balance represents other investment properties, including property acquired in the year ended 30 July 2024, which are included at cost. The directors have reviewed the carrying value of all investment properties at the reporting date and are satisfied that it is not materially different from fair value.

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

996,920

996,920

Deferred

tax

£

Balance at 31 July 2024

996,920

Balance at 30 July 2025

996,920

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,174

Ordinary

£1

4,174

4,174

8.

RESERVES

Fair

value

reserve

£

At 31 July 2024

and 30 July 2025

1,785,607

Fair value reserve is non-distributable.

9.	RELATED PARTY DISCLOSURES

Aquila Property Investments (UK) Ltd

Aquila Property Investments (UK) Ltd is a company incorporated in England and Wales in which Mr A Theodorou is also a director. It is the immediate parent company by virtue of its controlling interest of 64.28% of the issued ordinary share capital in Fulham Properties Limited. At the balance sheet date, Aquila Property Investments (UK) Ltd was owed £1,595,952 (2024 - £953,164) by the company. This is an unsecured interest-free loan which is repayable on demand.

Aegis & Trident Capital Limited

Aegis & Trident Capital Limited is a company incorporated in England and Wales in which Mr A Theodorou is a director. Mrs M S Naderi is the other director and she owns 100% of its issued ordinary share capital. At the balance sheet date, Aegis & Trident Capital Limited owed the company £1,055,952 (2024 - £198,152). This is an unsecured interest-free loan which is repayable on demand.

Alim Properties Ltd

Alim Properties Ltd is an associate company incorporated in England and Wales in which Mr A Wahid is also a director, and it owns 28.68% of the issued ordinary share capital of Fulham Properties Limited. At the balance sheet date, Alim Properties Ltd was owed £547,894 (2024 - £749,804) by the company. This is an unsecured interest-free loan which is repayable on demand.

Rayan Property Investments Limited

Rayan Property Investments Limited, a company incorporated in England and Wales in which Mr A Khademi is also a director, and it owns 7.04% of the issued ordinary share capital of Fulham Properties Limited. At the balance sheet date, Rayan Property Investments Limited was owed £179,587 (2024 - £109,151) by the company and this is shown under other creditors. This is an unsecured interest-free loan which is repayable on demand.

Maqdad Limited

At the balance sheet date, Maqdad Limited owed the company £592,820 (2024 - £592,820) and this is shown under other debtors. This is an unsecured interest-free loan which is repayable on demand. The company is incorporated in England and Wales and Mr A Wahid is a director and shareholder of Maqdad Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Aquila Property Investments (UK) Ltd, its immediate parent company.

The ultimate controlling party is Mrs Maria Sotiri Naderi.

She is considered by the directors to be the ultimate controlling party by virtue of her indirect controlling interest of 64.28% of the issued ordinary share capital in the company.

Aquila Property Investments (UK) Ltd is a wholly owned subsidiary of Aegis & Trident Capital Limited, a company incorporated in England and Wales, in which Mrs M S Naderi is the sole shareholder.

11.	PARENT UNDERTAKING

The immediate parent company is Aquila Property Investments (UK) Ltd by virtue of its controlling interest of 64.28% of the issued ordinary share capital in the company.