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# IMA KASSALA 2 LIMITED

## Company Registration Number:
13427879 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2025

## Period of accounts

## Start date: 1 January 2025

## End date: 31 December 2025

# IMA KASSALA 2 LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# IMA KASSALA 2 LIMITED

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The director shown below has held office during the whole of the period from
1 January 2025 to 31 December 2025

Ishil Mehta

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2026

And signed on behalf of the board by:
Name: Ishil Mehta
Status: Director

# IMA KASSALA 2 LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 27,900 | 31,350
Cost of sales: | ( 3,348 ) | ( 3,762 )
Gross profit(or loss): | 24,552 | 27,588
Administrative expenses: | ( 10,544 ) | ( 9,840 )
Operating profit(or loss): | 14,008 | 17,748
Interest receivable and similar income: |  | 5,000
Interest payable and similar charges: | ( 14,781 ) | ( 21,073 )
Profit(or loss) before tax: | (773) | 1,675
Tax: | 0 | ( 1,250 )
Profit(or loss) for the financial year: | (773) | 425

# IMA KASSALA 2 LIMITED

## Balance sheet

As at 31 December 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 600,000 | 600,000
Total fixed assets: |  | 600,000 | 600,000
Current assets
Debtors: | 4 | 2,500 | 5,000
Cash at bank and in hand: |  | 226 | 1,972
Total current assets: |  | 2,726 | 6,972
Creditors: amounts falling due within one year: | 5 | ( 164,211 ) | ( 166,310 )
Net current assets (liabilities): |  | (161,485) | (159,338)
Total assets less current liabilities: |  | 438,515 | 440,662
Creditors: amounts falling due after more than one year: | 6 | ( 437,684 ) | ( 437,190 )
Provision for liabilities: |  |  | ( 1,867 )
Total net assets (liabilities): |  | 831 | 1,605
Capital and reserves
Called up share capital: |  | 1 | 1
Profit and loss account: |  | 830 | 1,604
Total Shareholders' funds: |  | 831 | 1,605

The notes form part of these financial statements

# IMA KASSALA 2 LIMITED

## Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 May 2026
and signed on behalf of the board by:

Name: Ishil Mehta
Status: Director

The notes form part of these financial statements

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises rental income and other sums receivable from occupiers of Investment Properties. Turnover is recognised on an accruals basis and rental income is recognised on a straight line basis over the lease term. Income received in advance of the reporting date is held as deferred income under creditors.

  Other accounting policies

  Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 January 2025 | 600,000 |  |  |  |  | 600,000
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2025 | 600,000 |  |  |  |  | 600,000
Depreciation |  |  |  |  |  |
At 1 January 2025 |  |  |  |  |  |
Charge for year |  |  |  |  |  |
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2025 |  |  |  |  |  |
Net book value |  |  |  |  |  |
At 31 December 2025 | 600,000 |  |  |  |  | 600,000
At 31 December 2024 | 600,000 |  |  |  |  | 600,000

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 2,500 | 5,000
Total | 2,500 | 5,000

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Accruals and deferred income |  | 1,100
Other creditors | 164,211 | 165,210
Total | 164,211 | 166,310

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 6. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 437,684 | 437,190
Total | 437,684 | 437,190

# IMA KASSALA 2 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 7. Financial Commitments

Transactions with related parties The company trades with its ultimate parent company and fellow wholly owned subsidiaries in the group. Amounts owed to the ultimate parent company of £165,210 (2024: £164,211) are unsecured, have no fixed date of repayment, are repayable on demand and subject to an average interest rate of 4.0% (2024: 5%). Controlling party The company is part of the IMA Holdings Limited group, the ultimate parent undertaking, whose registered office is at: Unit 28 Salisbury Road, Uxbridge, England, UB8 2RZ. IMA Holdings Limited does not produce consolidated group accounts. The ultimate controlling party is Mr I Mehta.