ASB Prop Co 2 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14477153

ASB Prop Co 2 Limited

Filleted Unaudited Financial Statements

31 January 2026

ASB Prop Co 2 Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

ASB Prop Co 2 Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		4,556,584		843,192

Current assets

Stocks		336	–
Debtors	7	2,902	1,502
Cash at bank and in hand		13,580	997
		--------	-------
		16,818	2,499

Creditors: amounts falling due within one year	8	1,514,922		319,807
		------------		---------
Net current liabilities			1,498,104		317,308
			------------		---------
Total assets less current liabilities			3,058,480		525,884

Creditors: amounts falling due after more than one year	9	3,087,339	537,411
		------------	---------
Net liabilities		( 28,859)	( 11,527)
		------------	---------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account	11	( 28,959)	( 11,627)
		--------	--------
Shareholders deficit		( 28,859)	( 11,527)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ASB Prop Co 2 Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 2 July 2026 , and are signed on behalf of the board by:

Mr A Broad
Director

Company registration number: 14477153

ASB Prop Co 2 Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the director. The director has indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the director considers the going concern basis is appropriate.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Average number of employees

During the year the average number of employees was 1 (2025: 1) which consisted of the director only.

5. Tax on loss

At the year end the company had £71,115 (2025: £10,974) of taxable losses.

6. Tangible assets

	Freehold property
	£
Cost or valuation
At 1 February 2025	843,192
Additions	3,670,584
Revaluations	42,808
	------------
At 31 January 2026	4,556,584
	------------
Depreciation
At 1 February 2025 and 31 January 2026	–
	------------
Carrying amount
At 31 January 2026	4,556,584
	------------
At 31 January 2025	843,192
	------------

The director has valued the investment properties at £4,556,584 as at 31 January 2026. The historical cost of the investment properties is £4,513,776.

7. Debtors

	2026	2025
	£	£
Other debtors	2,902	1,502
	-------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	13,151	1,552
Director loan accounts	1,501,771	318,255
	------------	---------
	1,514,922	319,807
	------------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	3,087,339	537,411
	------------	---------

Included within creditors: amounts falling due after more than one year is an amount of £3,087,339 (2025: £537,411) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is secured by a charge over certain assets of the company.

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Reserves

Profit and loss account - this reserve includes distributable and non-distributable reserves as follows:

	2026	2025
	£	£
Distributable reserves	(71,767)	(11,627)
Non distributable reserves	42,808
	--------	--------
	(28,959)	(11,627)
	--------	--------

12. Related party transactions

At the year end the company owed the director £1,501,771 (2025: £318,255) which is shown amongst creditors.