Stellenbosch Two Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13814402

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		6,948,000		6,653,000

			6,948,000		6,653,000
CURRENT ASSETS
Debtors	5	716,605		525,357
Cash at bank and in hand		22,194		25,363

		738,799		550,720
Creditors: Amounts Falling Due Within One Year	6	(1,801,762 )		(1,817,383 )

NET CURRENT ASSETS (LIABILITIES)			(1,062,963 )		(1,266,663 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,885,037		5,386,337

Creditors: Amounts Falling Due After More Than One Year	7		(4,145,207 )		(3,546,103 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(582,496 )		(570,380 )

NET ASSETS			1,157,334		1,269,854

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	10		1,578,049		1,578,049
Profit and Loss Account			(420,815 )		(308,295 )

SHAREHOLDERS' FUNDS			1,157,334		1,269,854

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Stellenbosch Two Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Haresh Shah

Director

26/09/2025

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

1. General Information

Stellenbosch Two Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13814402 . The registered office is 30 High Street, Purley, Surrey, CR8 2AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Stellenbosch Two Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	6,653,000
Additions	295,000

As at 31 December 2024	6,948,000

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	25,421	(4,125 )
Amounts owed by group undertakings	674,021	516,263
Amounts owed by participating interests	2,000	-
Other debtors	15,163	13,219

	716,605	525,357

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to participating interests	1,784,378	1,795,926
Other creditors	17,384	21,457

	1,801,762	1,817,383

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,145,207	3,546,103

Loans and borrowings are secured against the freehold properties

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Haresh Shah	13,219	12,062	-	-	25,281

The above loan is unsecured, interest free and repayable on demand. The loan was repaid on 25/09/2025

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Stellenbosch Two Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	1,578,049

As at 31 December 2024	1,578,049

11. Related Party Transactions

At the year-end the following balances were outstanding in respect of companies that are related to the reporting entity by virtue of being under common control. These were interest-free and repayable on demand:

Rentworkspaces Ltd - £132,000 (2023: £0) owed by the reporting entity

Stellenbosch Investments Ltd - £1,574,113 (2023: £ 1,683,676 owed by the reporting entity

158 PR Ltd - £585,270 (2023: £0) owed TO the reporting entity

Trishanti Ltd - £72,750 (2023: £0) owed to the reporting entity

Ashutosh Ltd - £16,000 (2023: £0) owed to the reporting entity

Amol Solutions - £7,642 (2023: £0) owed to the reporting entity

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