Registered number
13188246
IRIS LONDON GROWTH TWO LIMITED
Unaudited Filleted Accounts
28 February 2026

IRIS LONDON GROWTH TWO LIMITED
Registered number: | 13188246
Balance Sheet
as at 28 February 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 14,204,508 |  |  | 13,566,371
Current assets
Debtors | 4 |  | 13,863 |  |  | 25,665
Cash at bank and in hand |  |  | 247 |  |  | 3,887
|  |  | 14,110 |  |  | 29,552
Creditors: amounts falling due within one year | 5 |  | (8,396,600) |  |  | (7,930,530)
Net current liabilities |  |  |  | (8,382,490) |  |  | (7,900,978)
Total assets less current liabilities |  |  |  | 5,822,018 |  |  | 5,665,393
Creditors: amounts falling due after more than one year | 6 |  |  | (5,869,168) |  |  | (5,699,471)
Net liabilities |  |  |  | (47,150) |  |  | (34,078)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (47,250) |  |  | (34,178)
Shareholder's funds |  |  |  | (47,150) |  |  | (34,078)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr F N Kaimakamis
Director
Approved by the board on 17 August 2026

IRIS LONDON GROWTH TWO LIMITED
Notes to the Accounts
for the year ended 28 February 2026
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Going concern
| The accounts have been prepared on a going concern basis even though this basis may not be appropriate as the company made a loss in the period and had a net liabilities position at the year end. However, the directors believe that the company will continue its operating existence in the foreseeable future as its ultimate beneficial shareholders have pledged to provide working capital and support to the companyin order to meet its obligations as they fall due.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 March 2025 | 13,566,371
| Additions | 638,137
| At 28 February 2026 | 14,204,508
| Depreciation
| At 28 February 2026 | -
| Net book value
| At 28 February 2026 | 14,204,508
| At 28 February 2025 | 13,566,371
4 | Debtors | 2026 |  | 2025
£ | £
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 100 |  | 100
| Other debtors | 13,763 |  | 25,565
|  |  |  |  |  | 13,863 |  | 25,665
5 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Trade creditors | 24,910 |  | 14,483
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 8,343,456 |  | 7,880,295
| Other creditors | 28,234 |  | 35,752
|  |  |  |  |  | 8,396,600 |  | 7,930,530
| Amounts owed to group undertakings include an unsecured loan amounting to £8,340,456 which is repayable on demand and subject to interest of 2% per annum.
6 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Bank loans | 5,655,638 |  | 5,699,471
| Other creditors | 213,530 |  | -
|  |  |  |  |  | 5,869,168 |  | 5,699,471
7 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Secured bank loans | 5,655,638 |  | 5,699,471
| The bank loans are secured by a fixed and floating charge over the assets of the company.
8 | Controlling party
| Iris London Growth Holdings Limited, a company registered in England, is the company's immediate controlling party.
9 | Other information
| IRIS LONDON GROWTH TWO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 51 The Grove
| London
| W5 5DX

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