Palisade Properties Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 16255847

		28 February 2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		850,976

			850,976
CURRENT ASSETS
Debtors	5	120,501
Cash at bank and in hand		15,564

		136,065
Creditors: Amounts Falling Due Within One Year	6	(993,103 )

NET CURRENT ASSETS (LIABILITIES)			(857,038 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,062 )

NET LIABILITIES			(6,062 )

CAPITAL AND RESERVES
Called up share capital	7		6
Profit and Loss Account			(6,068 )

SHAREHOLDERS' FUNDS			(6,062)

For the period ending 28 February 2026 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 Profit and Loss Account.

On behalf of the board

Mr Gulamabbas Lakha

Director

24/04/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Palisade Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16255847 . The registered office is 35 Compayne Gardens, London, NW6 3DD.

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. 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.

2.3. 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

Nil

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 17 February 2025	1,470,476
Disposals	(619,500 )

As at 28 February 2026	850,976

Net Book Value
As at 28 February 2026	850,976

As at 17 February 2025	1,470,476

Page 2

Page 3

Palisade Properties Ltd

Notes to the Financial Statements (continued)

For the Period 17 February 2025 to 28 February 2026

5. Debtors

	28 February 2026
	£
Due within one year
Other debtors	120,501

6. Creditors: Amounts Falling Due Within One Year

	28 February 2026
	£
Trade creditors	2,195
Other loans	910,560
Other creditors	80,348

	993,103

7. Share Capital

	28 February 2026
	£
Allotted, Called up and fully paid	6

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