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REGISTERED NUMBER: 02301982 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 DECEMBER 2025

FOR

PALEDELL LIMITED

| PALEDELL LIMITED (REGISTERED NUMBER: 02301982) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| PALEDELL LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 24 DECEMBER 2025

| DIRECTORS: | N J Hailey

| A E Mcintosh

| SECRETARY: | B-Hive Company Secretarial Services Limi

| REGISTERED OFFICE: | Stonemead House

| 95 London Road

| Croydon

| Surrey

| CR0 2RF

| REGISTERED NUMBER: | 02301982 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Eastbourne) Limited

| 18 Hyde Gardens

| Eastbourne

| East Sussex

| BN21 4PT

| PALEDELL LIMITED (REGISTERED NUMBER: 02301982) |

BALANCE SHEET

24 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 13,050 |  | 13,228 |  |

CURRENT ASSETS

Debtors | 5 | 250 |  | 150 |  |

Cash at bank | 20,598 |  | 20,073 |  |

20,848 |  | 20,223 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,199 |  | 1,460 |  |

NET CURRENT ASSETS | 18,649 |  | 18,763 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 31,699 |  | 31,991 |  |

CAPITAL AND RESERVES

Called up share capital | 20 |  | 20 |  |

Retained earnings | 31,679 |  | 31,971 |  |

31,699 |  | 31,991 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 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.

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 23 June 2026 and were signed on its behalf by:

A E Mcintosh - Director

| PALEDELL LIMITED (REGISTERED NUMBER: 02301982) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2025

1. | STATUTORY INFORMATION

| Paledell 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. | 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.

| The company acts as a trustee of the statutory trust in respect of the service charge monies collected for the maintenance of 39 Charlwood Street. The company holds these funds in trust for the lessees and has no beneficial interest in them. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

| Turnover represents consideration received or receivable for ground rent.

| Tangible fixed assets

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

| Land and buildings | - | Over the term of the lease

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

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

| PALEDELL LIMITED (REGISTERED NUMBER: 02301982) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 24 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST

| At 25 December 2024

| and 24 December 2025 | 14,301 |  |

| DEPRECIATION

| At 25 December 2024 | 1,073 |  |

| Charge for year | 178 |  |

| At 24 December 2025 | 1,251 |  |

| NET BOOK VALUE

| At 24 December 2025 | 13,050 |  |

| At 24 December 2024 | 13,228 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 250 |  | 150 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 2,199 |  | 1,460 |  |