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core:Vehicles 2024-12-01 2025-11-30 13764840 core:FurnitureFittings 2024-12-01 2025-11-30 13764840 core:OfficeEquipment 2024-12-01 2025-11-30 13764840 core:NetGoodwill 2024-12-01 2025-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2024-12-01 2025-11-30 13764840 core:ListedExchangeTraded 2024-12-01 2025-11-30 13764840 core:UnlistedNon-exchangeTraded 2024-12-01 2025-11-30 13764840 core:MoreThanFiveYears 2024-12-01 2025-11-30 13764840 core:Non-currentFinancialInstruments 2025-11-30 13764840 core:Non-currentFinancialInstruments 2024-11-30 13764840 dpl:CostSales 2024-12-01 2025-11-30 13764840 dpl:DistributionCosts 2024-12-01 2025-11-30 13764840 core:LandBuildings 2024-12-01 2025-11-30 13764840 core:PlantMachinery 2024-12-01 2025-11-30 13764840 core:Vehicles 2024-12-01 2025-11-30 13764840 core:FurnitureFittings 2024-12-01 2025-11-30 13764840 core:OfficeEquipment 2024-12-01 2025-11-30 13764840 dpl:AdministrativeExpenses 2024-12-01 2025-11-30 13764840 core:NetGoodwill 2024-12-01 2025-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2024-12-01 2025-11-30 13764840 dpl:GroupUndertakings 2024-12-01 2025-11-30 13764840 dpl:ParticipatingInterests 2024-12-01 2025-11-30 13764840 dpl:GroupUndertakings core:ListedExchangeTraded 2024-12-01 2025-11-30 13764840 core:ListedExchangeTraded 2024-12-01 2025-11-30 13764840 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-12-01 2025-11-30 13764840 core:UnlistedNon-exchangeTraded 2024-12-01 2025-11-30 13764840 dpl:CostSales 2023-12-01 2024-11-30 13764840 dpl:DistributionCosts 2023-12-01 2024-11-30 13764840 core:LandBuildings 2023-12-01 2024-11-30 13764840 core:PlantMachinery 2023-12-01 2024-11-30 13764840 core:Vehicles 2023-12-01 2024-11-30 13764840 core:FurnitureFittings 2023-12-01 2024-11-30 13764840 core:OfficeEquipment 2023-12-01 2024-11-30 13764840 dpl:AdministrativeExpenses 2023-12-01 2024-11-30 13764840 core:NetGoodwill 2023-12-01 2024-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-30 13764840 dpl:GroupUndertakings 2023-12-01 2024-11-30 13764840 dpl:ParticipatingInterests 2023-12-01 2024-11-30 13764840 dpl:GroupUndertakings core:ListedExchangeTraded 2023-12-01 2024-11-30 13764840 core:ListedExchangeTraded 2023-12-01 2024-11-30 13764840 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-12-01 2024-11-30 13764840 core:UnlistedNon-exchangeTraded 2023-12-01 2024-11-30 13764840 core:NetGoodwill 2025-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2025-11-30 13764840 core:LandBuildings 2025-11-30 13764840 core:PlantMachinery 2025-11-30 13764840 core:Vehicles 2025-11-30 13764840 core:FurnitureFittings 2025-11-30 13764840 core:OfficeEquipment 2025-11-30 13764840 core:AfterOneYear 2025-11-30 13764840 core:WithinOneYear 2025-11-30 13764840 core:ListedExchangeTraded 2025-11-30 13764840 core:UnlistedNon-exchangeTraded 2025-11-30 13764840 core:ShareCapital 2025-11-30 13764840 core:SharePremium 2025-11-30 13764840 core:RevaluationReserve 2025-11-30 13764840 core:OtherReservesSubtotal 2025-11-30 13764840 core:RetainedEarningsAccumulatedLosses 2025-11-30 13764840 core:NetGoodwill 2024-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2024-11-30 13764840 core:LandBuildings 2024-11-30 13764840 core:PlantMachinery 2024-11-30 13764840 core:Vehicles 2024-11-30 13764840 core:FurnitureFittings 2024-11-30 13764840 core:OfficeEquipment 2024-11-30 13764840 core:AfterOneYear 2024-11-30 13764840 core:WithinOneYear 2024-11-30 13764840 core:ListedExchangeTraded 2024-11-30 13764840 core:UnlistedNon-exchangeTraded 2024-11-30 13764840 core:ShareCapital 2024-11-30 13764840 core:SharePremium 2024-11-30 13764840 core:RevaluationReserve 2024-11-30 13764840 core:OtherReservesSubtotal 2024-11-30 13764840 core:RetainedEarningsAccumulatedLosses 2024-11-30 13764840 core:NetGoodwill 2023-11-30 13764840 core:IntangibleAssetsOtherThanGoodwill 2023-11-30 13764840 core:LandBuildings 2023-11-30 13764840 core:PlantMachinery 2023-11-30 13764840 core:Vehicles 2023-11-30 13764840 core:FurnitureFittings 2023-11-30 13764840 core:OfficeEquipment 2023-11-30 13764840 core:AfterOneYear 2023-11-30 13764840 core:WithinOneYear 2023-11-30 13764840 core:ListedExchangeTraded 2023-11-30 13764840 core:UnlistedNon-exchangeTraded 2023-11-30 13764840 core:ShareCapital 2023-11-30 13764840 core:SharePremium 2023-11-30 13764840 core:RevaluationReserve 2023-11-30 13764840 core:OtherReservesSubtotal 2023-11-30 13764840 core:RetainedEarningsAccumulatedLosses 2023-11-30 13764840 core:AfterOneYear 2024-12-01 2025-11-30 13764840 core:WithinOneYear 2024-12-01 2025-11-30 13764840 core:Non-currentFinancialInstruments core:CostValuation 2024-12-01 2025-11-30 13764840 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-12-01 2025-11-30 13764840 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-12-01 2025-11-30 13764840 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-12-01 2025-11-30 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Ion Properties Ltd

Registered Number
13764840
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2025

Ion Properties Ltd
Company Information
for the year from 1 December 2024 to 30 November 2025

Directors | Mr J Ioannou
| Mrs C Ioannou Watson

Registered Address | 20 Rockingham Road
| Plymouth
| PL3 5BN

Registered Number | 13764840 (England and Wales)

Ion Properties Ltd
Statement of Financial Position
30 November 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 630,001 |  |  |  | 630,001
|  |  |  | 630,001 |  |  |  | 630,001
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 400 |  |  |  | 509 |  |
Cash at bank and on hand |  | 35,933 |  |  |  | 30,152 |  |
|  | 36,333 |  |  |  | 30,661 |  |
Creditors amounts falling due within one year | 5 | (255,752) |  |  |  | (256,810) |  |
Net current assets (liabilities) |  |  |  | (219,419) |  |  |  | (226,149)
Total assets less current liabilities |  |  |  | 410,582 |  |  |  | 403,852
Creditors amounts falling due after one year | 6 |  |  | (370,664) |  |  |  | (370,664)
Net assets |  |  |  | 39,918 |  |  |  | 33,188
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  | 39,916 |  |  |  | 33,186
Shareholders' funds |  |  |  | 39,918 |  |  |  | 33,188

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2026, and are signed on its behalf by:
Mr J Ioannou Director Registered Company No. 13764840

Ion Properties Ltd
Notes to the Financial Statements
for the year ended 30 November 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and with the Companies Act 2006.

| Basis of preparation
--- | ---
| The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

| Going concern
--- | ---
| The company has net current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis. If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. The taxation expense represents the current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Tangible fixed assets and depreciation
--- | ---
| Investment properties are accounted for in accordance with the Financial Reporting Standard 102 section 1A. No depreciation is provided in respect of such properties. Although the Companies Act 2006 would normally require the systematic annual depreciation of fixed assets, it is believed that this policy of not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current value of investment properties, and changes in that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount, which might otherwise have been shown, cannot be separately identified or quantified.

| Impairment of non-financial assets policy
--- | ---
| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

| Financial instruments
--- | ---
| A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 December 24 | 630,001 |  | 630,001
| At 30 November 25 | 630,001 |  | 630,001
| Net book value
| At 30 November 25 | 630,001 |  | 630,001
| At 30 November 24 | 630,001 |  | 630,001

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Prepayments and accrued income | 400 |  | 509
| Total | 400 |  | 509

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Taxation and social security | 1,579 |  | 3,366
| Other creditors | 252,667 |  | 252,040
| Accrued liabilities and deferred income | 1,506 |  | 1,404
| Total | 255,752 |  | 256,810

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 370,664 |  | 370,664
| Total | 370,664 |  | 370,664

| The mortgages are secured by a Mortgage Deed in favour of the bank against all interest in the properties.

7. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Mr J Ioannou | 121,783 |  | 426 |  | 0 |  | 122,209
| Directors Loan |  |  |  |  |  |  |
| Mrs C Ioannou Watson | 130,257 |  | 201 |  | 0 |  | 130,458
| Directors Loan |  |  |  |  |  |  |
|  | 252,040 |  | 627 |  | 0 |  | 252,667

| The above Directors made loans to the company during the year and are shown within Other Creditors. The loans are interest bearing at a commercial rate but no interest has been paid or accrued to date.