ACCOUNTS - Final Accounts

Registered number: 03963921

REVELAN ESTATES (NO.2) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

REVELAN ESTATES (NO.2) LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6

REVELAN ESTATES (NO.2) LIMITED

REGISTERED NUMBER: 03963921

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		4,584,998		-
			4,584,998		-
Current assets
Debtors: amounts falling due within one year	5	7,257		14
Cash at bank and in hand		8,134		-
		15,391		14
Creditors: amounts falling due within one year	6	(1,634,843)		-
Net current (liabilities)/assets			(1,619,452)		14
Total assets less current liabilities			2,965,546		14
Creditors: amounts falling due after more than one year	7		(3,060,289)		-

Net (liabilities)/assets			(94,743)		14

Capital and reserves
Called up share capital	14	14
Profit and loss account	(94,757)	-
	(94,743)	14

Page 1

REVELAN ESTATES (NO.2) LIMITED

REGISTERED NUMBER: 03963921

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers 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 director acknowledges his 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.

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 on 22 December 2025.

Mr N F Megyesi-Schwartz

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

REVELAN ESTATES (NO.2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Revelan Estates (No.2) Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office and principal place of business is Crown House, 82-85 Malt Mill Lane, Halesowen, West Midlands, B62 8JJ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company is dependent upon the financial support of the parent company. The director has received assurance that this financial support will continue for a period of not less than twelve months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rental Income

Rents from investment properties are accounted for in the period in which they accrue. Where tenants are offered rent free periods the cost of this incentive is spread over the lease term.

Sales of properties and lease surrenders

Revenue from the sales of properties held as stock is recognised on completion.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

REVELAN ESTATES (NO.2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

REVELAN ESTATES (NO.2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

		Investment property
		£
	Valuation
	Additions at cost	4,584,998
	At 31 March 2025	4,584,998

The 2025 valuations were made by the company's director, on an open market value for existing use basis.

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

Historic cost

4,584,998

Debtors

					2025	2024
					£	£


Called up share capital not paid	14	14
Prepayments and accrued income	7,243	-
	7,257	14

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	42,760	-
Amounts owed to group undertakings	1,589,208	-
Other creditors	2,875	-
	1,634,843	-

Page 5

REVELAN ESTATES (NO.2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	3,060,289	-

The bank loan is secured over the property held by the company.

8.	Immediate and ultimate parent undertaking

The company's immediate parent undertaking is Revelan Group Ltd, a company registered in England and Wales, and its ultimate parent undertaking is Revelan Group Holdings Limited, a company registered in England and Wales.

Page 6