REGISTERED NUMBER: 11856061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHEFA 2 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A C Sufrin

REGISTERED OFFICE:

74 Brent Street

London

NW4 2ES

REGISTERED NUMBER:

11856061 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

1,059,686

1,016,339

CURRENT ASSETS

Debtors

5

23,953

30,421

Cash at bank

39

2,139

23,992

32,560

CREDITORS

Amounts falling due within one year

6

(400,287

)

(387,239

)

NET CURRENT LIABILITIES

(376,295

)

(354,679

)

TOTAL ASSETS LESS CURRENT LIABILITIES

683,391

661,660

CREDITORS

Amounts falling due after more than one year

7

(681,826

)

(667,465

)

PROVISIONS FOR LIABILITIES

(8,236

)

-

NET LIABILITIES

(6,671

)

(5,805

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

35,111

-

Retained earnings

10

(41,882

)

(5,905

)

SHAREHOLDERS' FUNDS

(6,671

)

(5,805

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 29 December 2025 and were signed by:

A C Sufrin - Director

1.	STATUTORY INFORMATION

Shefa 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,016,339

Revaluations

43,347

At 31 March 2025

1,059,686

NET BOOK VALUE

At 31 March 2025

1,059,686

At 31 March 2024

1,016,339

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

43,347

Cost

1,016,339

1,059,686

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

23,953

30,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

5,723

1,661

Other creditors

393,844

384,858

Accrued expenses

720

720

400,287

387,239

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yrs non-inst

652,598

631,489

Other loans more 5yrs instal

29,228

35,976

681,826

667,465

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

652,598

631,489

Repayable by instalments

Other loans more 5yrs instal

29,228

35,976

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

652,598

631,489

Other loans

29,228

35,976

681,826

667,465

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £29,228 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(5,905

)

-

(5,905

)

Deficit for the year

(866

)

(866

)

Fair Value Reserve

(35,111

)

35,111

-

At 31 March 2025

(41,882

)

35,111

(6,771

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Shefa Ltd.