IRIS Accounts Production v26.1.10.61 09453141 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09453141 2025-03-31 09453141 2026-03-31 09453141 2025-04-01 2026-03-31 09453141 2024-03-31 09453141 2024-04-01 2025-03-31 09453141 2025-03-31 09453141 ns15:EnglandWales 2025-04-01 2026-03-31 09453141 ns14:PoundSterling 2025-04-01 2026-03-31 09453141 ns10:Director1 2025-04-01 2026-03-31 09453141 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09453141 ns10:SmallEntities 2025-04-01 2026-03-31 09453141 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 09453141 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 09453141 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09453141 ns10:FullAccounts 2025-04-01 2026-03-31 09453141 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 09453141 ns10:Director3 2025-04-01 2026-03-31 09453141 ns10:Director4 2025-04-01 2026-03-31 09453141 ns10:RegisteredOffice 2025-04-01 2026-03-31 09453141 ns5:CurrentFinancialInstruments 2026-03-31 09453141 ns5:CurrentFinancialInstruments 2025-03-31 09453141 ns5:Non-currentFinancialInstruments 2026-03-31 09453141 ns5:Non-currentFinancialInstruments 2025-03-31 09453141 ns5:ShareCapital 2026-03-31 09453141 ns5:ShareCapital 2025-03-31 09453141 ns5:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 09453141 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 09453141 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 09453141 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 09453141 ns5:MotorVehicles 2025-04-01 2026-03-31 09453141 ns5:ComputerEquipment 2025-04-01 2026-03-31 09453141 ns5:MotorVehicles 2025-03-31 09453141 ns5:ComputerEquipment 2025-03-31 09453141 ns5:MotorVehicles 2026-03-31 09453141 ns5:ComputerEquipment 2026-03-31 09453141 ns5:MotorVehicles 2025-03-31 09453141 ns5:ComputerEquipment 2025-03-31 09453141 ns5:CostValuation ns5:ListedExchangeTraded 2025-03-31 09453141 ns5:DisposalsRepaymentsInvestments ns5:ListedExchangeTraded 2026-03-31 09453141 ns5:CostValuation ns5:ListedExchangeTraded 2026-03-31 09453141 ns5:ListedExchangeTraded 2026-03-31 09453141 ns5:ListedExchangeTraded 2025-03-31 09453141 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 09453141 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 09453141 ns10:OrdinaryShareClass1 2026-03-31

REGISTERED NUMBER: 09453141 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| Property K2 Ltd |

| Property K2 Ltd (Registered number: 09453141) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Property K2 Ltd |

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | K Plumb

| A P Bergens

| F K Bergens

| REGISTERED OFFICE: | 15 Newland

| Lincoln

| LN1 1XG

| REGISTERED NUMBER: | 09453141 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Property K2 Ltd (Registered number: 09453141) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 21,405 |  | 22,364 |  |

Investments | 5 | 8,910 |  | 78,642 |  |

Investment property | 6 | 1,670,000 |  | 1,695,000 |  |

1,700,315 |  | 1,796,006 |  |

CURRENT ASSETS

Debtors | 7 | 705 |  | 176 |  |

Cash at bank | 4,574 |  | 7,710 |  |

5,279 |  | 7,886 |  |

CREDITORS

Amounts falling due within one year | 8 | 670,177 |  | 747,165 |  |

NET CURRENT LIABILITIES | (664,898 | ) | (739,279 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,035,417 |  | 1,056,727 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (165,652 | ) | (174,287 | ) |

PROVISIONS FOR LIABILITIES | (120,713 | ) | (123,918 | ) |

NET ASSETS | 749,052 |  | 758,522 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Undistributable reserves | 387,194 |  | 440,493 |  |

Retained earnings | 361,856 |  | 318,027 |  |

SHAREHOLDERS' FUNDS | 749,052 |  | 758,522 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

| Property K2 Ltd (Registered number: 09453141) |

Balance Sheet - continued

31 March 2026

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 5 June 2026 and were signed on its behalf by:

K Plumb - Director

| Property K2 Ltd (Registered number: 09453141) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Property K2 Ltd 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.

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 net rents receivable, exclusive of value added tax.

| Tangible fixed assets

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

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 20% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| 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.

| Fixed asset investments

| Fixed asset investments in shares are held at fair value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2025 - 2 ) .

| Property K2 Ltd (Registered number: 09453141) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

4. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 27,000 |  | 955 |  | 27,955 |  |

| Additions | 21,995 |  | 668 |  | 22,663 |  |

| Disposals | (27,000 | ) | - |  | (27,000 | ) |

| At 31 March 2026 | 21,995 |  | 1,623 |  | 23,618 |  |

| DEPRECIATION

| At 1 April 2025 | 5,400 |  | 191 |  | 5,591 |  |

| Charge for year | 4,708 |  | 202 |  | 4,910 |  |

| Eliminated on disposal | (8,288 | ) | - |  | (8,288 | ) |

| At 31 March 2026 | 1,820 |  | 393 |  | 2,213 |  |

| NET BOOK VALUE

| At 31 March 2026 | 20,175 |  | 1,230 |  | 21,405 |  |

| At 31 March 2025 | 21,600 |  | 764 |  | 22,364 |  |

5. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST

| At 1 April 2025 | 78,642 |  |

| Disposals | (72,533 | ) |

| Share of profit/(loss) | 2,801 |  |

| At 31 March 2026 | 8,910 |  |

| NET BOOK VALUE

| At 31 March 2026 | 8,910 |  |

| At 31 March 2025 | 78,642 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 1,695,000 |  |

| Revaluations | (25,000 | ) |

| At 31 March 2026 | 1,670,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,670,000 |  |

| At 31 March 2025 | 1,695,000 |  |

| Property K2 Ltd (Registered number: 09453141) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2026 is represented by:

| £ |  |

| Total revaluations |  | 522,483 |  |

| Cost |  | 1,147,517 |  |

|  | 1,670,000 |  |

| If investment property had not been revalued if would have been included at the following historic cost:

|  | 2026 |  | 2025 |  |

|  | £ |  | £ |  |

| Cost |  | 1,147,517 |  | 1,147,517 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other debtors | 705 |  | 176 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 1,402 |  | 4,200 |  |

| Other creditors | 668,775 |  | 742,965 |  |

670,177 |  | 747,165 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | - |  | 1,400 |  |

| Other creditors | 165,652 |  | 172,887 |  |

165,652 |  | 174,287 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 2 | Ordinary shares | £1 | 2 |  | 2 |  |

11. | RELATED PARTY DISCLOSURES

| Included within administrative expenses are £5,000 (2025: £5,000) made to a self-administered pension scheme of which the director, Kate Plumb, is the beneficiary. The payments are made under an operating lease over office space used by the Company.

12. | AFTER YEAR-END TRANSACTION

| After the reporting date, the company undertook a share split whereby 2 Ordinary shares of £1 each were subdivided into 200 Ordinary shares of £0.01 each on 2 April 2026. This event has not been reflected in the financial statements.