REGISTERED NUMBER: 13743731 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Open Trading Two Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Harris-Cohen

S Cove

Mrs N Cove

REGISTERED OFFICE:

Suite1, Europa House

13 Marsham Way

Gerrards Cross

Buckinghamshire

SL9 8BQ

REGISTERED NUMBER:

13743731 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

658,503

463,272

CURRENT ASSETS

Cash at bank

2,395

-

CREDITORS

Amounts falling due within one year

5

195,217

159,419

NET CURRENT LIABILITIES

(192,822

)

(159,419

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465,681

303,853

CREDITORS

Amounts falling due after more than one year

6

(465,161

)

(296,374

)

PROVISIONS FOR LIABILITIES

(3,750

)

(3,750

)

NET (LIABILITIES)/ASSETS

(3,230

)

3,729

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Investment property Revaluation Reserve

10

15,000

15,000

Retained earnings

10

(19,230

)

(12,271

)

SHAREHOLDERS' FUNDS

(3,230

)

3,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 March 2026 and were signed on its behalf by:

J Harris-Cohen - Director

1.	STATUTORY INFORMATION

Open Trading Two Limited 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.

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 the sale of properties.

Tangible fixed assets

All properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve.The directors consider that this policy results in the accounts giving a true and fair view.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

210,362

252,910

463,272

Additions

145,484

175,295

320,779

Disposals

(125,548

)

-

(125,548

)

At 30 April 2025

230,298

428,205

658,503

NET BOOK VALUE

At 30 April 2025

230,298

428,205

658,503

At 30 April 2024

210,362

252,910

463,272

Freehold and Leasehold properties were revalued by directors on an open market basis on 30 April 2025.

If Freehold and Leasehold properties had not been revalued they would have been included at the following historical cost:

30.04.25 30.04.24

£ £

Cost 658,503448,272

Cost or valuation at 30 April 2025 is represented by:

Freehold

Long

property

leasehold

Totals

£

£

£

Cost

230,298

428,205

658,503

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 7)

29,957

19,440

Other creditors

160,459

137,579

Accrued expenses

4,801

2,400

195,217

159,419

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 7)

465,161

296,374

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

345,332

218,614

7.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank loans

29,957

19,440

Amounts falling due between one and two years:

Bank loans - 1-2 years

29,957

19,440

Amounts falling due between two and five years:

Bank loans - 2-5 years

89,872

58,320

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

345,332

218,614

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank Loans

495,119

315,814

The loans are secured by a charge over the stock of properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Investment

property

Retained

Revaluation

earnings

Reserve

Totals

£

£

£

At 1 May 2024

(12,271

)

15,000

2,729

Deficit for the year

(6,959

)

(6,959

)

At 30 April 2025

(19,230

)

15,000

(4,230

)

11.	RELATED PARTY DISCLOSURES

Other creditors consists of an amount of £123,838 due to Open Property Finance Limited , an amount of £30,820 due to Open Trading Limited and an amount of £5800 due to Move Places Limited.. All three companies of which Mr Harris-Cohen, Mr Cove and Mrs Cove are directors and shareholders.

During the year the company purchased properties at market value amounting to £319,109 from Open Trading Limited.

12.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr Harris-Cohen, Mr S Cove and Mrs N Cove by way of their shareholdings.