| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| FOR |
| IPP2 LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| FOR |
| IPP2 LIMITED |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| IPP2 LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 November 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 1 Sheffield Road |
| Southborough |
| TUNBRIDGE WELLS |
| Kent |
| TN4 0PD |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| BALANCE SHEET |
| 30 November 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| BALANCE SHEET - continued |
| 30 November 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2025 |
| 1. | STATUTORY INFORMATION |
| IPP2 Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income. |
| 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. |
| 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. |
| Going concern |
| Despite the net current liabilities the financial statements have been drawn up on a going concern basis because the directors have provided confirmations that they will not seek to withdraw their current accounts, and will provide financial support to the company to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. |
| 3. | EMPLOYEES |
| The average number of employees during the year was NIL (2024 - NIL). |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 December 2024 |
| Revaluations | 5,000 |
| At 30 November 2025 |
| NET BOOK VALUE |
| At 30 November 2025 |
| At 30 November 2024 |
| Fair value at 30 November 2025 is represented by: |
| £ |
| Valuation in 2023 | 42,595 |
| Valuation in 2024 | 4,500 |
| Valuation in 2025 | 5,000 |
| Cost | 758,905 |
| 811,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 758,905 | 758,905 |
| Investment property was valued on an open market basis on 30 November 2025 by the directors. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Tax |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans |
| Trade creditors |
| Other creditors |
| Associated company | 6,645 | 17,600 |
| Directors' current accounts | 136,999 | 92,558 |
| Accrued expenses |
| IPP2 LIMITED (REGISTERED NUMBER: 13021102) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans - 1-2 years |
| Mortgages | 463,623 | 428,380 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Mortgages | 463,623 | 428,380 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Mortgages | 428,730 | 428,380 |
| Other loans | 102,348 | 128,162 |
| 9. | CONTROLLING PARTY |
| The controlling party is Katrina Mercieca |