Caseware UK (AP4) 2025.0.111 2025.0.111 2026-03-31 2026-03-31 1 2025-04-01 false Letting of real estate.1 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10537692 2025-04-01 2026-03-31 10537692 2024-04-01 2025-03-31 10537692 2026-03-31 10537692 2025-03-31 10537692 c:Director1 2025-04-01 2026-03-31 10537692 d:FurnitureFittings 2025-04-01 2026-03-31 10537692 d:FurnitureFittings 2026-03-31 10537692 d:FurnitureFittings 2025-03-31 10537692 d:FreeholdInvestmentProperty 2025-04-01 2026-03-31 10537692 d:FreeholdInvestmentProperty 2026-03-31 10537692 d:FreeholdInvestmentProperty 2025-03-31 10537692 d:FreeholdInvestmentProperty 2 2025-04-01 2026-03-31 10537692 d:CurrentFinancialInstruments 2026-03-31 10537692 d:CurrentFinancialInstruments 2025-03-31 10537692 d:Non-currentFinancialInstruments 2026-03-31 10537692 d:Non-currentFinancialInstruments 2025-03-31 10537692 d:CurrentFinancialInstruments d:WithinOneYear 2026-03-31 10537692 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10537692 d:Non-currentFinancialInstruments d:AfterOneYear 2026-03-31 10537692 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 10537692 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2026-03-31 10537692 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 10537692 d:ShareCapital 2026-03-31 10537692 d:ShareCapital 2025-03-31 10537692 d:RetainedEarningsAccumulatedLosses 2026-03-31 10537692 d:RetainedEarningsAccumulatedLosses 2025-03-31 10537692 d:OtherDeferredTax 2026-03-31 10537692 d:OtherDeferredTax 2025-03-31 10537692 c:FRS102 2025-04-01 2026-03-31 10537692 c:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 10537692 c:FullAccounts 2025-04-01 2026-03-31 10537692 c:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 10537692 2 2025-04-01 2026-03-31 10537692 f:PoundSterling 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Registered number: 10537692 BRISTOL CITY PROPERTIES 2 LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
BRISTOL CITY PROPERTIES 2 LTD REGISTERED NUMBER: 10537692 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026 |  | As restated 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 10,270,000 |  | 6,425,602
|  |  | 10,270,000 |  | 6,425,602
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 136,348 |  | 43,353 |
Cash at bank and in hand | 7 | 20,174 |  | 56,868 |
|  | 156,522 |  | 100,221 |
Creditors: amounts falling due within one year | 8 | (160,376) |  | (78,742) |
Net current (liabilities)/assets |  |  | (3,854) |  | 21,479
Total assets less current liabilities |  |  | 10,266,146 |  | 6,447,081
Creditors: amounts falling due after more than one year | 9 |  | (9,500,064) |  | (5,937,214)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (157,866) |  | (140,486) |
|  |  | (157,866) |  | (140,486)
Net assets |  |  | 608,216 |  | 369,381
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 608,215 |  | 369,380
|  |  | 608,216 |  | 369,381
Page 1
BRISTOL CITY PROPERTIES 2 LTD REGISTERED NUMBER: 10537692 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with 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 on 11 August 2026.
M Lam
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
Bristol City Properties 2 Ltd is a company limited by shares, incorporated in England and Wales. The principal activity of the company is property investment. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.8 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2025 - 1).
Page 5
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 April 2025 | 35,731
| At 31 March 2026 | 35,731
| Depreciation |
| At 1 April 2025 | 35,731
| At 31 March 2026 | 35,731
| Net book value |
| At 31 March 2026 | -
| At 31 March 2025 | -
Page 6
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2025 | 6,425,602
| Additions at cost | 3,774,879
| Surplus on revaluation | 69,519
| At 31 March 2026 | 10,270,000
The 2026 valuations were made by the director, on an open market value basis.
6. | Debtors
|  |  |  |  | 2026 | As restated 2025
|  |  |  |  | £ | £
| Trade debtors | 4,371 | 16,000
| Other debtors | 470 | -
| Prepayments and accrued income | 131,507 | 27,353
|  | 136,348 | 43,353
7. | Cash and cash equivalents
|  |  |  |  | 2026 | As restated 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 20,174 | 56,868
|  | 20,174 | 56,868
Page 7
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 24,014 | 39,776
| Accruals and deferred income | 136,362 | 38,966
|  | 160,376 | 78,742
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 6,518,877 | 2,467,797
| Amounts owed to group undertakings | 2,981,187 | 3,469,417
|  | 9,500,064 | 5,937,214
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 6,518,877 | 2,467,797
|  | 6,518,877 | 2,467,797
11. | Deferred taxation
|  | 2026
|  | £
| At beginning of year | (140,486)
| Charged to profit or loss | (17,380)
| At end of year | (157,866)
Page 8
BRISTOL CITY PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 11.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| On revaluation of investment properties | (157,866) | (140,486)
|  | (157,866) | (140,486)
12. | Related party transactions
| At the balance sheet date the company owed £2,981,187 (2025: £3,469,417) to companies with participating interests.
Page 9