Company No: 06322454 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		€		€
Fixed assets
Investments	3	295,342		295,342
		295,342		295,342
Current assets
Debtors	4	7,332,739		7,393,275
Cash at bank and in hand		78		78
		7,332,817		7,393,353
Creditors: amounts falling due within one year	5	( 9,089,268)		( 9,034,871)
Net current liabilities		(1,756,451)		(1,641,518)
Total assets less current liabilities		(1,461,109)		(1,346,176)
Net liabilities		( 1,461,109)		( 1,346,176)
Capital and reserves
Called-up share capital	6	12,710		12,710
Profit and loss account		( 1,473,819 )		( 1,358,886 )
Total shareholders' deficit		( 1,461,109)		( 1,346,176)

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Deutsche Property Limited (registered number: 06322454) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Kyte Director

17 June 2026

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

Deutsche Property Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	1		1

3. Fixed asset investments

	Listed investments		Total
	€		€
Cost or valuation before impairment
At 01 January 2024	295,342		295,342
At 31 December 2024	295,342		295,342
Carrying value at 31 December 2024	295,342		295,342
Carrying value at 31 December 2023	295,342		295,342

Investments in shares

Name of entity	Registered office	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023	Held
Prime Magdeburg GmbH	Germany	Ordinary	100.00%	100.00%	Direct
Prime Brandenburg GmbH	Germany	Ordinary	100.00%	100.00%	Direct
Prime Treptow GmbH	Germany	Ordinary	100.00%	100.00%	Direct
Prime Tempelhof GmbH	Germany	Ordnary	100.00%	100.00%	Direct
Prime Kopenick GmbH	Germany	Ordinary	100.00%	100.00%	Direct
Berlin Ventures GmbH & Verwaltungs Co. KG	Germany	Ordinary	100.00%	100.00%	Direct
Berlin Ventures Ltd	UK	Ordinary	94.00%	94.00%	Direct
Berlin Ventures GmbH	Germany	Ordinary	100.00%	100.00%	Direct

4. Debtors

	2024		2023
	€		€
Trade debtors	124,752		120,000
Amounts owed by group undertakings	4,941,961		5,007,250
Other debtors	2,266,026		2,266,025
	7,332,739		7,393,275

5. Creditors: amounts falling due within one year

	2024		2023
	€		€
Trade creditors	130,000		130,000
Amounts owed to group undertakings	8,805,533		8,754,736
Amounts owed to parent undertakings	4,329		4,329
Amounts owed to related parties	70,000		70,000
Amounts owed to directors	1,613		1,613
Accruals	77,793		74,193
	9,089,268		9,034,871

6. Called-up share capital

	2024		2023
	€		€
Allotted, called-up and fully-paid
3,411 Called Up Share Capital not Paid ordinary shares of € 1.00 each	3,411		3,411
9,299 Called Up Share Capital has been paid up ordinary shares of € 1.00 each	9,299		9,299
	12,710		12,710

7. Related party transactions

Other related party transactions

	2024		2023
	€		€
Included within other creditors are balances owed to subsidiary companies under common control. This balance is unsecured with no fixed repayment terms. Interest was charged at 2% per annum.	8,805,533		8,754,736
Included within trade creditors is a balance owed to a company with a common director.	130,000		130,000
Included within other debtors is a balance owed by companies under common control. Interest was charged at 6% per annum	25,371		23,935
Included within other debtors is a balance owed by a related company, by virtue of common shareholders. This balance is unsecured with no fixed repayment terms. Interest was charged at 6% per annum	7,204,575		5,115,236
Included within trade debtor is a balance owed by a subsidiary company.	124,752		120,000