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REGISTERED NUMBER: 05309710 (England and Wales)

| 2 LET 2 LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

2 LET 2 LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTOR: | M W Munir

| REGISTERED OFFICE: | 97 Wyeverne Road

| Cathays

| Cardiff

| SOUTH GLAMORGAN

| CF24 4BG

| REGISTERED NUMBER: | 05309710 (England and Wales)

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,412 |  | 3,723 |  |

CURRENT ASSETS

Debtors | 5 | 425,783 |  | 757,324 |  |

Cash at bank | 303,437 |  | 386,821 |  |

729,220 |  | 1,144,145 |  |

CREDITORS

Amounts falling due within one year | 6 | 106,366 |  | 124,197 |  |

NET CURRENT ASSETS | 622,854 |  | 1,019,948 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 633,266 |  | 1,023,671 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 3 |  | 1 |  |

Retained earnings | 633,263 |  | 1,023,670 |  |

SHAREHOLDERS' FUNDS | 633,266 |  | 1,023,671 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

BALANCE SHEET - continued

31 MAY 2025

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 16 October 2025 and were signed by:

M W Munir - Director

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| 2 Let 2 Ltd 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.

| Going concern

| The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

| At the date of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

| Significant judgements and estimates

| In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 a ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover

| Turnover represents the total value of fees and commissions earned by the company in its capacity as a property letting agent during the financial year.

| This includes management fees, letting fees, renewal fees and other ancillary charges billed to landlords and tenants. Revenue is recognised when the related services have been provided and the amount can be reliably measured.

| For ongoing property management services, revenue is recognised on a straight-line basis over the period the services are rendered. One-off fees, such as letting or renewal fees, are recognised at the point the tenant agreement is signed, as this represents the completion of the service obligation. Turnover excludes value-added tax (VAT) where applicable.

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| useful life.

| Fixtures and fittings - 20% on cost

| Computer equipment - 33% on cost

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within the borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments ' .

| Financial instruments are recognised 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.

| Basic financial assets

| Basic financial assets, which include trade debtors and other debtors, loans to related companies and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Basic financial liabilities

| Basic financial liabilities, including trade creditors and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 6,729 |  | - |  | 6,729 |  |

| Additions | 3,465 |  | 5,410 |  | 8,875 |  |

| At 31 May 2025 | 10,194 |  | 5,410 |  | 15,604 |  |

| DEPRECIATION

| At 1 June 2024 | 3,006 |  | - |  | 3,006 |  |

| Charge for year | 1,658 |  | 528 |  | 2,186 |  |

| At 31 May 2025 | 4,664 |  | 528 |  | 5,192 |  |

| NET BOOK VALUE

| At 31 May 2025 | 5,530 |  | 4,882 |  | 10,412 |  |

| At 31 May 2024 | 3,723 |  | - |  | 3,723 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 425,783 |  | 757,324 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 88,791 |  | 116,359 |  |

| Other creditors | 17,575 |  | 7,838 |  |

106,366 |  | 124,197 |  |

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, Issued and fully paid:

| Number: |  | Class |  | Nominal |  | 31.5.25 |  | 31.5.24 |  |

|  | Value |  | £ |  | £ |  |

| 1 |  | Ordinary |  | 1.00 |  | - |  | 1 |  |

| 100 |  | Ordinary Type A |  | 0.01 |  | 1 |  | - |  |

| 100 |  | Ordinary Type B |  | 0.01 |  | 1 |  | - |  |

| 100 |  | Ordinary Type C |  | 0.01 |  | 1 |  | - |  |

|  | 3 |  | 1 |  |

| During the year, the company undertook a reorganisation of its share capital. As part of this process, the existing £1 Ordinary share was subdivided into 100 shares of £0.01 each. In addition, two further £1 Ordinary shares were issued and each was similarly subdivided into £0.01 shares. The resulting shares were then reclassified and allotted into three new classes, comprising 100 Ordinary Type A shares of £0.01 each, 100 Ordinary Type B shares of £0.01 each and 100 Ordinary Type C shares of £0.01 each.

| Following the reorganisation, the company's issued share capital consists of 100 Ordinary Type A shares of £0.01 each, 100 Ordinary Type B shares of £0.01 each and 100 Ordinary Type C shares of £0.01 each. The rights attaching to these share classes are set out in the company's Articles of Association.

8. | TRANSACTIONS WITH DIRECTORS

| As at 31 May 2025 the company owed the director £3,048 (2024: £738) which is included within the creditors amounts falling due within one year.

| The balance is interest free and repayable on demand.

2 LET 2 LTD (REGISTERED NUMBER: 05309710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

9. | RELATED PARTY DISCLOSURES

| During the year, the company entered into transactions with related parties under common control or with close family members of the director. All amounts outstanding at the year end are unsecured, interest-free and repayable on demand, unless otherwise stated.

| At 31 May 2025, the following balances were due from related parties:

| - Munir Brothers Ltd - loan of £nil (2024: £295,000), a company under common control.

| - MSM Homes Ltd - loan of £200,000 (2024: £100,000), a company controlled by a close family member.

| - Kash Developments Ltd - loan of £200,000 (2024: £100,000), a company controlled by a close family member.

| - Cathays Developments Ltd - loan of £nil (2024: £150,000), a company controlled by a close family member.

| During the year, the company wrote off the following outstanding loans due as they were deemed irrecoverable from the following related parties:

| - Bear Developments (Cardiff) Limited: £160,000 (2024: £75,000), a company under common control.

| - Ehan Developments Ltd: £10,000 (2023: £40,000), a company under common control.

| - Munir Brothers Ltd £345,000 (2024: £nil), a company under common control.

| - Cathays Developments Ltd - £100,000 (2024: £nil), a company controlled by a close family member.

| The company also paid rent of £24,000 (2024: £18,000) to Munir Brothers Ltd, a company under common control.