REGISTERED NUMBER: 13166116 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

South West Two Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss S I Hallberg

REGISTERED OFFICE:

Flat A, 23 Cadogan Gardens

London

SW3 2RW

REGISTERED NUMBER:

13166116 (England and Wales)

ACCOUNTANTS:

Sampson Fielding Ltd

5th Floor

36-38 Wigmore Street

London

W1U 2BP

FIXED ASSETS

Tangible assets

4

1,591

3,459

Investment property

5

415,000

419,603

416,591

423,062

CURRENT ASSETS

Debtors

6

3,962

2,974

Cash at bank

9,994

4,994

13,956

7,968

CREDITORS

Amounts falling due within one year

7

410,384

410,110

NET CURRENT LIABILITIES

(396,428

)

(402,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,163

20,920

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

20,162

20,919

20,163

20,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 13th June 2026 and were signed by:

Miss S I Hallberg - Director

1.	STATUTORY INFORMATION

South West Two 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rental income receivable from the property owned by the company, excluding value added tax.

Rental income from investment properties is recognised on a straight-line basis over the period of the lease or tenancy agreement to which it relates. Income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Any rent received in advance is deferred and recognised in the profit and loss account over the period to which it relates. Rent receivable but not yet received at the reporting date is included within debtors.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

Investment property is initially recognised at its purchase price. It is subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Fair value is derived from the current market rents and investment property yields for comparable properties.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and other debtors and trade creditors and other creditors.

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 AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

and 31st December 2025

9,342

DEPRECIATION

At 1st January 2025

5,883

Charge for year

1,868

At 31st December 2025

7,751

NET BOOK VALUE

At 31st December 2025

1,591

At 31st December 2024

3,459

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

419,603

Revaluations

(4,603

)

At 31st December 2025

415,000

NET BOOK VALUE

At 31st December 2025

415,000

At 31st December 2024

419,603

Investment property was valued by Alpha Browell Taylor on 21 May 2026. The valuation takes current market value and future market rate rental income figures into account.

Fair value at 31st December 2025 is represented by:

£

Valuation in 2025

(4,603

)

Cost

419,603

415,000

6.

DEBTORS

31/12/25

31/12/24

£

£

Amounts falling due within one year:

Trade debtors

-

66

Other debtors

1,254

200

1,254

266

Amounts falling due after more than one year:

Other debtors

2,708

2,708

Aggregate amounts

3,962

2,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Taxation and social security

1,340

2,070

Other creditors

409,044

408,040

410,384

410,110