Warwick House Developments Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 09321144

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		11,900,000		11,052,632

			11,900,000		11,052,632
CURRENT ASSETS
Debtors		332,661		111,438
Cash at bank and in hand		23,258		104,712

		355,919		216,150
Creditors: Amounts Falling Due Within One Year		(163,205 )		(4,244,628 )

NET CURRENT ASSETS (LIABILITIES)			192,714		(4,028,478 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,092,714		7,024,154

Creditors: Amounts Falling Due After More Than One Year			(11,316,318 )		(7,110,452 )

NET ASSETS/(LIABILITIES)			776,396		(86,298 )

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			776,296		(86,398 )

SHAREHOLDERS' FUNDS			776,396		(86,298)

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Warwick House Developments Limited

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit 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 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

N Atrissi Director	J A Cronstedt Director
17 August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Warwick House Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09321144 . The registered office is 114-118 Southampton Row, London, WC1B 5AA.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover for the year comprises rental income from the letting of Jesmond Apartments and is recognised on an accruals basis.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The tax expense for the period comprises of current and deferred tax. Tax is recognised in the statement of comprehensive loss, except that a change attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:

• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met

Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6. Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financials statements, the directors have had to make the following judgements:

Determine whether there are indicators of impairment of the company’s tangible assets, Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty:

Valuation of investment property (see note 4)

The Company carries its investment property at fair value, with changes being recognized in the statement of comprehensive income. The valuation of the Company's investment property was determined by the Directors based on the report prepared by Colliers International Property Consultants Limited, an independent valuer, with a valuation date of 1 April 2025, and consideration was given to reflect the average occupancy level of the property for the year and any changes in market conditions between the valuation date and the year-end of 31 August 2025. The Directors assess the carrying value at each reporting date to ensure that its carrying value is adjusted to fair value.

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Warwick House Developments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024	11,052,632
Revaluations	847,368

As at 31 August 2025	11,900,000

5. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

6. Reserves

	Profit and Loss Account
	£
As at 1 September 2024	(86,398 )
Profit for the year and total comprehensive income	862,694

As at 31 August 2025	776,296

Included within the Profit and Loss account reserve at 31 August 2025 is an amount of £3,785,818 (2024: £2,938,450) representing cumulative unrealised fair value gains on investment properties, net of associated deferred tax.

In accordance with the Companies Act 2006, this portion of the reserve is unrealised and is non-distributable.

7. Ultimate Parent Undertaking and Controlling Party

On 5 June 2025 PandonCo Limited, a company registered in Jersey with company number 158138, aquired the entire issued share capital of the company. No person holds a controlling interest in PandonCo Limited.

8. Audit Information

The auditor's report on the accounts of Warwick House Developments Limited for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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