Silverfin false false 31/08/2025 01/09/2024 31/08/2025 A H Cohen 21/07/2020 N J Henry 07/02/2026 21/07/2020 G P Osen 21/10/2020 W P Rosenberg 21/07/2020 20 March 2026 The principal activity of the company is that of a property investment company. 12758488 2025-08-31 12758488 bus:Director1 2025-08-31 12758488 bus:Director2 2025-08-31 12758488 bus:Director3 2025-08-31 12758488 bus:Director4 2025-08-31 12758488 2024-08-31 12758488 core:CurrentFinancialInstruments 2025-08-31 12758488 core:CurrentFinancialInstruments 2024-08-31 12758488 core:ShareCapital 2025-08-31 12758488 core:ShareCapital 2024-08-31 12758488 core:RetainedEarningsAccumulatedLosses 2025-08-31 12758488 core:RetainedEarningsAccumulatedLosses 2024-08-31 12758488 core:ImmediateParent core:CurrentFinancialInstruments 2025-08-31 12758488 core:ImmediateParent core:CurrentFinancialInstruments 2024-08-31 12758488 bus:OrdinaryShareClass1 2025-08-31 12758488 2024-09-01 2025-08-31 12758488 bus:FilletedAccounts 2024-09-01 2025-08-31 12758488 bus:SmallEntities 2024-09-01 2025-08-31 12758488 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 12758488 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12758488 bus:Director1 2024-09-01 2025-08-31 12758488 bus:Director2 2024-09-01 2025-08-31 12758488 bus:Director3 2024-09-01 2025-08-31 12758488 bus:Director4 2024-09-01 2025-08-31 12758488 2023-09-01 2024-08-31 12758488 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 12758488 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12758488 1 2024-09-01 2025-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12758488 (England and Wales)

# FUSION SHEFF PROPCO 2 LTD

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

FUSION SHEFF PROPCO 2 LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

FUSION SHEFF PROPCO 2 LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
FUSION SHEFF PROPCO 2 LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 720,000 |  | 873,203
|  | 720,000 |  | 873,203
Current assets |  |  |  |
Debtors | 4 | 8,161 |  | 18,058
Cash at bank and in hand |  | 3,215 |  | 286
|  | 11,376 |  | 18,344
Creditors: amounts falling due within one year | 5 | ( 919,271) |  | ( 931,439)
Net current liabilities |  | (907,895) |  | (913,095)
Total assets less current liabilities |  | (187,895) |  | (39,892)
Net liabilities |  | ( 187,895) |  | ( 39,892)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 10 |  | 10
Profit and loss account |  | ( 187,905 ) |  | ( 39,902 )
Total shareholder's deficit |  | ( 187,895) |  | ( 39,892)

For the financial year ending 31 August 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 Fusion Sheff Propco 2 Ltd (registered number: 12758488) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A H Cohen Director |

20 March 2026

FUSION SHEFF PROPCO 2 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
FUSION SHEFF PROPCO 2 LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Fusion Sheff Propco 2 Limited 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 principal activity of the company is that of a property investment company.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ 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

As at the balance sheet date, the company's liabilities exceeded its assets. The financial statements have been prepared on the going concern basis as in the opinion of the directors, the company will have sufficient access to funds to enable it to meet its liabilities as they fall due.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Rental income from investment property and parking spaces is recognised on a straight-line basis.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. During the construction of the property is is continued to be carried at cost. When the property is completed it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more that 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.

##### 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 and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts owed by parent undertakings 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, and amounts owed to group undertakings 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 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 | 4 |  | 4

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 September 2024 | 873,203
Additions | (153,204)
Impairment | (157,321)
As at 31 August 2025 | 720,000

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by group undertakings | 5,577 |  | 6,048
Amounts owed by parent undertakings | 10 |  | 10
Other debtors | 2,574 |  | 12,000
| 8,161 |  | 18,058

Amounts owed by group undertakings consists of intracompany loans which are unsecured, interest free and repayable on demand.
Amounts owed by the parent undertaking relate to unpaid share capital.

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 106,304
Amounts owed to group undertakings | 918,131 |  | 823,995
Other creditors | 1,140 |  | 1,140
| 919,271 |  | 931,439

Amounts owed to group undertakings consists of intracompany loans which are unsecured, interest free and repayable on demand.

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10 Ordinary shares of £ 1.00 each | 10 |  | 10

#### 7. Ultimate controlling party

Parent Company:

Fusion Global Investments Holdco Limited
The registered office address is 35 Ballards Lane, London, N3 1XW

The principal place of business is Fusion House, The Green Letchmore Heath, Herts, WD25 8ER.