Company No: 09188407 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		€		€
Current assets
Stocks		560,323		560,323
Debtors	3	122,127		122,127
Cash at bank and in hand	4	1,756		3,721
		684,206		686,171
Creditors: amounts falling due within one year	5	( 56,457)		( 46,457)
Net current assets		627,749		639,714
Total assets less current liabilities		627,749		639,714
Accruals and deferred income		( 5,050)		( 4,610)
Net assets		622,699		635,104
Capital and reserves
Called-up share capital	6	138		138
Profit and loss account		622,561		634,966
Total shareholder's funds		622,699		635,104

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 Profit and Loss Account has not been delivered.

The financial statements of Canprop Espana Two Limited (registered number: 09188407) were approved and authorised for issue by the Board of Directors on 26 May 2026. They were signed on its behalf by:

J J T Brown Director

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

Canprop Espana 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 Albert Goodman, Lupin Way, Yeovil, BA22 8WW, 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 (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 EUR which is the functional currency of the Company and rounded to the nearest €.

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 materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

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

3. Debtors

	2025		2024
	€		€
Amounts owed by associates	120,000		120,000
VAT recoverable	2,127		2,127
	122,127		122,127

4. Cash and cash equivalents

	2025		2024
	€		€
Cash at bank and in hand	1,756		3,721

5. Creditors: amounts falling due within one year

	2025		2024
	€		€
Amounts owed to associates	3,000		0
Other creditors	53,457		46,457
	56,457		46,457

Amounts owed to associates are repayable on demand and do not bear interest.

6. Called-up share capital

	2025		2024
	€		€
Allotted, called-up and fully-paid
100 Ordinary shares of € 1.38 each	138		138

Share capital is made up of 100 ordinary shares with a nominal value of £100, these shares are converted into euros at the date of incorporation of 28th August 2014 to give a value of €138 as represented in the financial statements.