REGISTERED NUMBER: 08242905 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

2AJO LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

2,687

1,690

Investment property

5

8,131,485

8,363,586

8,134,172

8,365,276

CURRENT ASSETS

Debtors

6

70,414

33,573

Cash at bank

17,911

5,249

88,325

38,822

CREDITORS

Amounts falling due within one year

7

2,308,754

2,431,222

NET CURRENT LIABILITIES

(2,220,429

)

(2,392,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,913,743

5,972,876

PROVISIONS FOR LIABILITIES

8

115,032

92,182

NET ASSETS

5,798,711

5,880,694

CAPITAL AND RESERVES

Called up share capital

9

3,894,544

3,894,544

Fair value reserve

511,796

575,875

Retained earnings

1,392,371

1,410,275

5,798,711

5,880,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 6 March 2026 and were signed on its behalf by:

S J Owen - Director

1.	STATUTORY INFORMATION

2AJO Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08242905

Registered office:

15 West Street

Brighton

East Sussex

BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).

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 rents receivable, excluding discounts and value added tax. Rents are recognised in the period to which they relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment

33% Straight Line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

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 at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement and then transferred to a fair value reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2024

1,763

Additions

1,630

At 31 October 2025

3,393

DEPRECIATION

At 1 November 2024

73

Charge for year

633

At 31 October 2025

706

NET BOOK VALUE

At 31 October 2025

2,687

At 31 October 2024

1,690

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

8,363,586

Additions

496,485

Disposals

(446,788

)

Revaluations

(281,798

)

At 31 October 2025

8,131,485

NET BOOK VALUE

At 31 October 2025

8,131,485

At 31 October 2024

8,363,586

Fair value at 31 October 2025 is represented by:

£

Valuation in 2015

114,073

Valuation in 2016

165,000

Valuation in 2017

35,000

Valuation in 2018

65,116

Valuation in 2019

(40,000

)

Valuation in 2020

150,000

Valuation in 2021

5,000

Valuation in 2024

13,869

Valuation in 2025

(281,798

)

Cost

7,905,225

8,131,485

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

7,905,225

7,855,528

Investment property was valued on an open market basis on 31 October 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,740

25,383

Other debtors

25,674

8,190

70,414

33,573

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

480

-

Tax

103,991

91,267

VAT

3,835

3,276

Other creditors

96,030

16,784

Directors' loan accounts

2,040,269

2,263,020

Accruals and deferred income

64,149

56,875

2,308,754

2,431,222

The directors' loan accounts are repayable on demand and interest is paid at a market rate.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

115,032

92,182

Deferred

tax

£

Balance at 1 November 2024

92,182

Provided during year

22,850

Balance at 31 October 2025

115,032

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

:

Number:

Class:

Nominal value:

2025

2024

£

£

1,947,212

Ordinary

£1

1,947,212

1,947,212

1,947,212

A Ordinary

£1

1,947,212

1,947,212

20

B Ordinary

£1

20

60

20

C Ordinary

£1

20

60

40

D Ordinary

£1

40

-

40

E Ordinary

£1

40

-

3,894,544

3,894,544

On 31 March 2025, 40 B Ordinary shares of £1 each were redesignated to 40 D Ordinary shares of £1 each.

On 31 March 2025, 40 C Ordinary shares of £1 each were redesignated to 40 E Ordinary shares of £1 each.