Silverfin false false 31/03/2025 01/04/2024 31/03/2025 J L Koopman 19/11/2014 P B Koopman 11/11/2014 29 December 2025 The principal activity of the Company is that of property development. 09305860 2025-03-31 09305860 bus:Director1 2025-03-31 09305860 bus:Director2 2025-03-31 09305860 2024-03-31 09305860 core:CurrentFinancialInstruments 2025-03-31 09305860 core:CurrentFinancialInstruments 2024-03-31 09305860 core:ShareCapital 2025-03-31 09305860 core:ShareCapital 2024-03-31 09305860 core:RetainedEarningsAccumulatedLosses 2025-03-31 09305860 core:RetainedEarningsAccumulatedLosses 2024-03-31 09305860 core:CostValuation 2024-03-31 09305860 core:CostValuation 2025-03-31 09305860 bus:OrdinaryShareClass1 2025-03-31 09305860 2024-04-01 2025-03-31 09305860 bus:FilletedAccounts 2024-04-01 2025-03-31 09305860 bus:SmallEntities 2024-04-01 2025-03-31 09305860 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09305860 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09305860 bus:Director1 2024-04-01 2025-03-31 09305860 bus:Director2 2024-04-01 2025-03-31 09305860 2023-04-01 2024-03-31 09305860 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09305860 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09305860 1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09305860 (England and Wales)

# GGP (TWO) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GGP (TWO) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

GGP (TWO) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
GGP (TWO) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 1,250,001 |  | 1,250,001
|  | 1,250,001 |  | 1,250,001
Current assets |  |  |  |
Debtors | 4 | 929 |  | 9,408
Cash at bank and in hand |  | 9,411 |  | 9,442
|  | 10,340 |  | 18,850
Creditors: amounts falling due within one year | 5 | ( 1,868,805) |  | ( 1,878,750)
Net current liabilities |  | (1,858,465) |  | (1,859,900)
Total assets less current liabilities |  | (608,464) |  | (609,899)
Net liabilities |  | ( 608,464) |  | ( 609,899)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1,000 |  | 1,000
Profit and loss account |  | ( 609,464 ) |  | ( 610,899 )
Total shareholder's deficit |  | ( 608,464) |  | ( 609,899)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of GGP (Two) Limited (registered number: 09305860) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P B Koopman Director |

29 December 2025

GGP (TWO) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GGP (TWO) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

GGP (Two) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 221 Watling Street, Radlett, WD7 7AL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in the Statement of Income and Retained Earnings in the period in which they are incurred.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes all direct costs.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

***Offsetting***
Financial assets and liabilities are offset and 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 1,250,001
At 31 March 2025 | 1,250,001
Carrying value at 31 March 2025 | 1,250,001
Carrying value at 31 March 2024 | 1,250,001

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 863 |  | 1,738
Amounts owed by group undertakings | 0 |  | 7,549
Other debtors | 66 |  | 121
| 929 |  | 9,408

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to group undertakings | 1,818,412 |  | 1,779,850
Other loans | 45,556 |  | 97,050
Accruals and deferred income | 4,500 |  | 1,850
Taxation and social security | 337 |  | 0
| 1,868,805 |  | 1,878,750

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000

#### 7. Contingencies

Contingent liabilities

The company has received loans that could result in an interest amount being payable to the lendors under certain circumstances. It is not possible to quantify the interest at this stage.

#### 8. Related party transactions

The company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transactions with wholly owned group undertakings.
Included within other loans in creditors: amounts falling due within one year, is an amount of £45,556 (2024: £97,050) owed to the immediate family of the directors.

#### 9. Ultimate controlling party

The immediate and ultimate parent undertaking is Mikproud Assets Limited, a private company limited by shares incorporated in England and Wales.
The registered office address of Mikproud Assets Limited is at 35 Ballards Lane, London, N3 1XW.