REGISTERED NUMBER: 09111638 (England and Wales)

K2BZ LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Bailey

Mrs K Bailey

REGISTERED OFFICE:

1 Drake Walk

Brigantine Place

Cardiff

SOUTH GLAMORGAN

CF10 4AN

REGISTERED NUMBER:

09111638 (England and Wales)

FIXED ASSETS

Investment property

4

275,000

275,000

CURRENT ASSETS

Debtors

5

11,281

15,000

Cash at bank

770

103

12,051

15,103

CREDITORS

Amounts falling due within one year

6

26,252

65,955

NET CURRENT LIABILITIES

(14,201

)

(50,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

260,799

224,148

CREDITORS

Amounts falling due after more than one year

7

(156,074

)

(164,476

)

PROVISIONS FOR LIABILITIES

9

(17,327

)

(17,327

)

NET ASSETS

87,398

42,345

CAPITAL AND RESERVES

Called up share capital

10

100

100

Non distributable reserve - revaluation reserve

51,978

51,978

Retained earnings

35,320

(9,733

)

SHAREHOLDERS' FUNDS

87,398

42,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 May 2026 and were signed on its behalf by:

K Bailey - Director

1.	STATUTORY INFORMATION

K2BZ 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.

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 the 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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet, the likely future cashflows of the business and have considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The fair value of investment properties involved the use of professional valuation techniques, which are reviewed annually by management. Where factors that could impact the fair value are identified, appropriate adjustments are made through the income statement.

Investment property

Investment properties are held to generate rental income and capital appreciation.

Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Investment properties are subsequently remeasured at fair value. An assessment of investment property fair value is performed annually by the director. Any changes in fair value are recognised in the income statement.

Deferred tax is recognised on any fair value changes at the rate that would apply to the sale of the investment property, unless the property has a limited useful life and is held as part of a business model to consume all of the economic benefits associated with it.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised 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 trade and other debtors, loans to related companies 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

275,000

NET BOOK VALUE

At 31 December 2025

275,000

At 31 December 2024

275,000

The property is initially recognised at cost which is deemed to be its fair value. The property value is reviewed on an annual basis and subsequently remeasured by the directors with reference to a rental yield calculation to determine its fair value.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2017

29,305

Valuation in 2018

40,000

Cost

205,695

275,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

11,281

15,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,728

12,736

Trade creditors

-

61

Amounts owed to related

parties

-

45,033

VAT

13,028

5,704

Accrued expenses

2,496

2,421

26,252

65,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

156,074

164,476

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

166,802

177,212

All loans are disclosed at fair value.

Natwest Bank PLC hold a leasehold first charge over 1 Drake Walk Cardiff by way of a fixed and floating charge over the land, buildings and parking, together with and a cross guarantee for £140,000 granted by related businesses, Computers for Flooring Limited, CB9 Limited and Information Technology Integration Limited, supported by a debenture from Computers For Flooring Limited, CB9 Limited and K2BZ Limited.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

17,327

17,327

Deferred

tax

£

Balance at 1 January 2025

17,327

Balance at 31 December 2025

17,327

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	TRANSACTIONS WITH DIRECTORS

The following credits from a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

K Bailey

Balance outstanding at start of year

15,000

-

Amounts advanced

481

15,000

Amounts repaid

(4,200

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,281

15,000

Interest has been charged on amounts due from the directors at a rate of 3.75% per annum.

All amounts due from the directors are considered to be repayable on demand.

12.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with companies that were under the common control of the directors.

The company received rental income of £40,250 (2024 - £28,800) from these entities in respect of the letting of its investment property. These transactions were conducted on terms agreed between the parties. During the year, some of these related entities were disposed of to a third party and, accordingly, are no longer considered related parties at the balance sheet date.

Prior to disposal, an intercompany balance of £51,370 (2024 - £nil) due from one such entity was written off. The write-off has been recognised in the income statement.

At the balance sheet date, there were no outstanding balances with related parties (2024 - £45,033 payable to a related company).

All transactions during the period were unsecured and interest free.