REGISTERED NUMBER: 15597164 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

WARWICK ASSET TWO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Bould

M Jakeman

REGISTERED OFFICE:

The Barns Barston Gate Farm

Barston Lane

Barston

Solihull

B92 0JN

REGISTERED NUMBER:

15597164 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

8,052

8,672

Investment property

5

900,000

659,291

908,052

667,963

CURRENT ASSETS

Debtors

6

5,841

16,792

Cash at bank

41,936

9,321

47,777

26,113

CREDITORS

Amounts falling due within one year

7

5,012

1,255

NET CURRENT ASSETS

42,765

24,858

TOTAL ASSETS LESS CURRENT LIABILITIES

950,817

692,821

CREDITORS

Amounts falling due after more than one year

8

(765,040

)

(761,150

)

PROVISIONS FOR LIABILITIES

(5,104

)

-

NET ASSETS/(LIABILITIES)

180,673

(68,329

)

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

235,709

-

Retained earnings

(55,037

)

(68,330

)

180,673

(68,329

)

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.

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 9 July 2026 and were signed on its behalf by:

M Jakeman - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Short leasehold

-

Over the period of lease

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 April 2025

and 31 March 2026

9,291

DEPRECIATION

At 1 April 2025

619

Charge for year

620

At 31 March 2026

1,239

NET BOOK VALUE

At 31 March 2026

8,052

At 31 March 2025

8,672

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

659,291

Additions

5,000

Revaluations

235,709

At 31 March 2026

900,000

NET BOOK VALUE

At 31 March 2026

900,000

At 31 March 2025

659,291

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

235,709

Cost

664,291

900,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

664,291

-

Aggregate depreciation

(13,286

)

-

The investment property was valued on an open market basis on 17 October 2025 by Aitchison Raffety .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,460

5,460

Amounts owed by group undertakings

381

351

Prepayments

-

10,981

5,841

16,792

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,878

-

Trade creditors

-

175

Accrued expenses

1,134

1,080

5,012

1,255

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

3,748

-

Bank loans - 2-5 years

577,425

-

Amounts owed to associates

183,867

761,150

765,040

761,150

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

585,051

-

The mortgage from Lloyds Bank is secured against the property at 490-492 Mansfield Road, Nottingham.

10.

RESERVES

Fair

value

reserve

£

Revaluation of investment property

235,709

At 31 March 2026

235,709