Company registration number 08321392 (England and Wales)
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,363
9,839
Investment property
4
2,880,000
8,940,000
2,888,363
8,949,839
Current assets
Debtors
5
3,930,213
1,166,684
Cash at bank and in hand
1,790,544
71,727
5,720,757
1,238,411
Creditors: amounts falling due within one year
6
(1,092,761)
(1,592,181)
Net current assets/(liabilities)
4,627,996
(353,770)
Total assets less current liabilities
7,516,359
8,596,069
Creditors: amounts falling due after more than one year
7
(630,918)
(654,326)
Provisions for liabilities
(476,713)
(1,398,800)
Net assets
6,408,728
6,542,943
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
6,408,628
6,542,843
Total equity
6,408,728
6,542,943
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he member has not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
J K Worrall
Director
Company registration number 08321392 (England and Wales)
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Njoy Accommodation Management 2 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Fourth Floor, Unit 5B, The Parklands, Bolton, BL6 4SD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration of rents received or receivable 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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% per annum on a reducing balance basis

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.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

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 current liabilities.

1.7
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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

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 paymen ts 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. A m ounts 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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0

Wages and salaries are recharged from a related company.

3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2025 and 31 December 2025
37,357
Depreciation and impairment
At 1 January 2025
27,518
Depreciation charged in the year
1,476
At 31 December 2025
28,994
Carrying amount
At 31 December 2025
8,363
At 31 December 2024
9,839
4
Investment property
2025
£
Fair value
At 1 January 2025
8,940,000
Additions
51,596
Disposals
(6,111,596)
At 31 December 2025
2,880,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The directors believe this to be the fair value of the property at the balance sheet date. The valuation was based on market evidence of transaction prices for similar properties.

NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,614
10,171
Amounts owed by undertakings in which the company has a participating interest
3,926,599
1,152,359
Other debtors
-
0
4,154
3,930,213
1,166,684
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,000
10,000
Other borrowings
137,577
149,978
Trade creditors
3,915
3,991
Amounts owed to undertakings in which the company has a participating interest
-
0
1,343,433
Corporation tax
906,536
11,394
Other creditors
21,460
50,850
Accruals and deferred income
18,273
22,535
1,092,761
1,592,181

The bank loans are secured.

Other borrowings are secured over all the assets owned by the company.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
5,000
Other borrowings
630,918
649,326
630,918
654,326

The bank loans are secured.

Other borrowings are secured over all the assets owned by the company.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
NJOY ACCOMMODATION MANAGEMENT 2 LTD
(TRADING AS NJOY ACCOMMODATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
9
Financial commitments, guarantees and contingent liabilities

The company is party to cross guarantees given to the bankers in respect of loan facilities granted to Njoy Accommodation Management 1 Ltd and at the balance sheet date this amounted to £21,172,000 (20 2 4: £19,876,000).

10
Related party transactions

During the year the company was charged interest amounting to £48,247 (2024: £66,045) by J P & H E Burton, shareholders of the company. At the balance sheet date £768,495 (2024: £799,304) is included within other creditors as owed by the company to the shareholders. These balances are unsecured.

At the balance sheet date £2,486,876 (2024: £1,343,432 creditor) was owed from Njoy Accommodation Management 1 Ltd. Njoy Accommodation Management 1 Ltd is a related party due to common ownership. This amount is unsecured, non interest bearing and repayable on demand.

At the balance sheet date £1,000,000 (2024: £1,072,359) was owed from Njoy Accommodation Management 3 Ltd. Njoy Accommodation Management 3 Ltd is a related party due to common ownership. This amount is unsecured, non interest bearing and repayable on demand.

At the balance sheet date £105,000 (2024: £80,000) was owed from Njoy Accommodation Management 4 Ltd. Njoy Accommodation Management 4 Ltd is a related party due to common ownership. This amount is unsecured, non interest bearing and repayable on demand.

At the balance sheet date £334,723 (2024: £Nil) was owed from Upper Brook Investments Ltd. Upper Brook Investments Ltd is a related party due to common ownership. This amount is unsecured, non interest bearing and repayable on demand.

11
Directors' transactions

During the year dividends in the amount of £7,000 (2024: £4,000) were paid to one of the Directors.

12
Control

The company is controlled by the majority shareholder, J Burton.

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