IRIS LONDON GROWTH TWO LIMITED

Registered number

13188246

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