ACCOUNTS - Final Accounts preparation

Registered number: 14396827

U AND I DIRECTOR 2 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

U AND I DIRECTOR 2 LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The directors of U and I Director 2 Limited (the 'Company') present their report and the financial statements for the year ended 31 March 2026.

Change of immediate parent company
On 26 January 2026, the previous immediate parent company U and I Group Limited sold 100% of the share capital of the Company to Land Securities Properties Limited.

Principal activity

The Company is dormant. No change in the Company's dormant status is anticipated in the foreseeable future.

Results for the period and dividend

There was no activity in the Company for the year ended 31 March 2026 and consequently no Statement of Comprehensive Income has been disclosed.
The directors do not recommend the payment of a dividend for the year ended 31 March 2026. (2025: £Nil)

Directors

The directors who served during the year were:

M J Hood

A J Peeke

G M Richardson

L McCaveny

M L Thomas

Indemnity

The Company has made qualifying third party indemnity provisions for the benefit of the respective directors which were in place throughout the period and which remain in place at the date of this report.

Small companies exemption

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

	Registered Office
	100 Victoria Street
	London
	SW1E 5JL

This report was approved by the Board and signed on its behalf.

L McCaveny

Director

Date: 30 June 2026

Registered in England and Wales
Registered number: 14396827

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U AND I DIRECTOR 2 LIMITED

REGISTERED NUMBER: 14396827

BALANCE SHEET

AS AT 31 MARCH 2026

	2026	2025
Note	£	£

Current assets
Amounts due from Group undertakings	2	1	1

Net assets		1	1

Capital and reserves
Called up share capital	3	1	1
		1	1

For the year ended 31 March 2026 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:

G M Richardson

Director

Date: 30 June 2026

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U AND I DIRECTOR 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland ('FRS 102') and the Companies Act 2006. The financial statements are prepared under the historical cost convention.
U and I Director 2 Limited (the ‘Company’) is a private company limited by shares and is incorporated, domiciled and registered in England and Wales. The nature of the Company’s operations is set out in the Directors’ Report on page 1. The results of the Company are included in the consolidated financial statements of Land Securities Group PLC which are available from the Company's registered office at 100 Victoria Street, London, SW1E 5JL.
The accounting policies which follow set out those policies which apply in preparing the financial statements for the year ended 31 March 2026. The financial statements are prepared in Pounds Sterling (£) and are rounded to the nearest pound (£).

1.2

Financial reporting standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); and

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Land Securities Group PLC as at 31 March 2026 and these financial statements may be obtained from 100 Victoria Street, London, SW1E 5JL.

1.3

Amounts due from Group undertakings

Amounts due from Group undertakings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, amounts due from Group undertakings are stated at amortised cost and, where relevant, adjusted for the time value of money. The Company assesses on a forward-looking basis, the expected credit losses associated with its amounts due from Group undertakings. A provision for impairment is made for the lifetime expected credit losses on initial recognition of the amounts due.

In determining the expected credit losses, the Company takes into account any future expectations of likely default events based on the level of capitalisation of the counterparty, which is a fellow subsidiary undertaking of Land Securities Group PLC.

1.4

Statement of Comprehensive Income and other primary statements

There was no activity in the Company for the year ended 31 March 2026 and consequently no Statement of Comprehensive Income has been disclosed.

1.5

Share capital

Ordinary shares are classified as equity.

2.	Amounts due from Group undertakings

					2026	2025
					£	£


Amounts due from Group undertakings - fellow subsidiary	1	1
	1	1

The unsecured amounts due from Group undertakings are interest free, repayable on demand with no fixed repayment date.

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U AND I DIRECTOR 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

3.	Share capital

	Authorised and issued	Alloted and fully paid	Authorised and issued	Allotted and fully paid
	2026	2026	2025	2025
	Number	£	Number	£
Ordinary shares of £1.00 each	1 1	1 1	1 1	1 1

4.	Parent company

The immediate parent company is Land Securities Properties Limited.
The ultimate parent company and controlling party at 31 March 2026 was Land Securities Group PLC, which is registered in England and Wales. This is the largest parent company of the Group to consolidate these financial statements.
Consolidated financial statements for the year ended 31 March 2026 for Land Securities Group PLC can be obtained from the Company Secretary at the registered office of the ultimate parent company, 100 Victoria Street, London, SW1E 5JL and from the Group website www.landsec.com. This is the largest and smallest Group to include these accounts in its consolidated financial statements.

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