ACCOUNTS - Final Accounts preparation

Company registration number: 02104515

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2026

	PALACE STREET INVESTMENTS LIMITED


PALACE STREET INVESTMENTS LIMITED

COMPANY INFORMATION

Directors	W M Fellows
	J Fellows


Company secretary	W M Fellows


Registered number	02104515


Registered office	2nd Floor, Origin One
	108 High Street
	Crawley
	West Sussex
	RH10 1BD


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


Bankers	C Hoare & Co
	37 Fleet Street
	London
	EC4P 4DQ


PALACE STREET INVESTMENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


PALACE STREET INVESTMENTS LIMITED REGISTERED NUMBER:02104515

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2026

		2026		2025
		£		£

Fixed assets
Tangible assets	4		3,000,000		3,000,000
			3,000,000		3,000,000
Current assets
Debtors: amounts falling due within one year	5	23,889		1,751
Cash at bank and in hand		42,051		65,681
		65,940		67,432
Creditors: amounts falling due within one year	6	(188,415)		(274,567)
Net current liabilities			(122,475)		(207,135)
Total assets less current liabilities			2,877,525		2,792,865
Provisions for liabilities
Deferred tax		(218,476)		(216,976)
			(218,476)		(216,976)
Net assets			2,659,049		2,575,889

Capital and reserves
Allotted, called up and fully paid share capital		10,000	10,000
Profit and loss account	7	2,649,049	2,565,889
		2,659,049	2,575,889

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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PALACE STREET INVESTMENTS LIMITED REGISTERED NUMBER:02104515

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2026

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

W M Fellows

Director

Date: 2 November 2026

The notes on pages 3 to 5 form part of these financial statements.

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PALACE STREET INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

1.	General information

Palace Street Investments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The trading address is Ladymead, Leigh Place, Cobham, Surrey, KT11 2HL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from rent receivable from investment properties and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Investment property

Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit or loss.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

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

∙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 tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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PALACE STREET INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Employees

The average monthly number of employees, including the directors, during the year was 2 (2025 - 1).

4.	Tangible fixed assets

		Investment property
		£
	Cost or valuation
	At 1 July 2025	3,000,000
	At 30 June 2026	3,000,000

	Net book value
	At 30 June 2026	3,000,000
	At 30 June 2025	3,000,000

Investment properties are stated at a value determined by the director of the company.

Investment properties are stated at fair value. The valuation was determined by the directors and was not based on a valuation by an independent professionally qualified valuer. The historical cost of the investment property was £2,900,000 (2025: £2,900,000).

Debtors

					2026	2025
					£	£


Trade debtors	7,417	-
Other debtors	12,755	755
Prepayments and accrued income	3,717	996
	23,889	1,751

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PALACE STREET INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	4,952
Amounts owed to group undertakings	70,000	-
Corporation tax	35,517	208,268
Other taxation and social security	13,315	11,875
Other creditors	13,691	1,379
Accruals and deferred income	55,892	48,093
	188,415	274,567

Reserves

Investment property revaluation reserve

Included within the profit and loss account is an undistributable amount of £1,152,339 (2025: £1,153,839) relating to the cumulative fair value movements of investment properties after taking into account taxation.

8.	Transactions with the directors

At the beginning of the year the company owed the directors £624 (2025 - £312). During the year the directors made payments on behalf of the company of £312 (2025 - £312) and received advances of £Nil (2025 - £Nil). At the end of the year the company owed the directors £936 (2025 - £624). No interest has been charged on this balance.

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