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REGISTERED NUMBER: 07008016 (England and Wales)


















Estel Property Investments No.2 Limited

Financial Statements for the Year Ended 31st December 2022






Estel Property Investments No.2 Limited (Registered number: 07008016)






Contents of the Financial Statements
for the year ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Estel Property Investments No.2 Limited

Company Information
for the year ended 31st December 2022







DIRECTOR: P Danson





REGISTERED OFFICE: John Carpenter House
John Carpenter Street
London
EC4Y 0AN





REGISTERED NUMBER: 07008016 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Estel Property Investments No.2 Limited (Registered number: 07008016)

Balance Sheet
31st December 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 597 47,957
Cash at bank 4,803 4,803
5,400 52,760
CREDITORS
Amounts falling due within one year 5 4,400 51,760
NET CURRENT ASSETS 1,000 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

1,000

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

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 director and authorised for issue on 9th October 2023 and were signed by:





P Danson - Director


Estel Property Investments No.2 Limited (Registered number: 07008016)

Notes to the Financial Statements
for the year ended 31st December 2022

1. STATUTORY INFORMATION

Estel Property Investments No.2 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.

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.

Going concern
Following the realisation of the company's assets, settlement of liabilities and distribution of the net proceeds, the director intends to apply for voluntary strike off under S1003 of the Companies Act 2006.. Accordingly the director does not consider the company to be a going concern. As a consequence these financial statements have been prepared on a basis other than going concern.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts due from related parties 597 47,957

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings - 47,360
Accruals and deferred income 4,400 4,400
4,400 51,760

Estel Property Investments No.2 Limited (Registered number: 07008016)

Notes to the Financial Statements - continued
for the year ended 31st December 2022

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Retained
earnings
£   

Profit for the year -
At 31st December 2022 -

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

The unqualified opinion referred to the following matter:

Emphasis of Matter - Basis of preparation other than going concern
We draw attention to Note 1 of the financial statements which explains that the director intends to wind up the company following the realisation of the assets, settlement of liabilities and distribution of the net proceeds, and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1. Our opinion is not modified in respect of this matter.

Stephen Bramall BSc., FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. ULTIMATE CONTROLLING PARTY

At the balance sheet date the company's ultimate parent company is Progressive Holdco Limited a company incorporated in the UK. This company is the largest and smallest group in which these accounts are consolidated. The registered office is Studio 5 Salters House, 156 High Street, Hull, HU1 1NQ.

Michael Danson is the ultimate controlling party through his 100% shareholding of Estel Property
Group Limited and subsequently Progressive Holdco Limited.