ACCOUNTS - Final Accounts preparation

Registered number: 16090406

2J LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025


2J LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


2J LTD REGISTERED NUMBER:16090406

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

	2025
Note	£

Current assets
Stocks		3,687,874
Debtors: amounts falling due within one year	4	23,183
Cash at bank and in hand		27,784
		3,738,841
Current liabilities
Creditors: amounts falling due within one year	5	(1,663,882)
Net current assets		2,074,958

Creditors: amounts falling due after more than one year	6	(2,180,483)
Net liabilities		(105,525)

Capital and reserves
Called up share capital	7	100
Profit and loss account		(105,625)
		(105,525)

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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 20 August 2026.

J De Wan

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


2J LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

1.	General information

2J Ltd is a private limited liability company incorporated in England and Wales with its registered office at 2nd Floor, Connaught House, 1-3 Mount Street, London, W1K 3NB.

The Company was incorporated on 20 November 2024 and commenced its activities on the same date.

The principal activity of the Company is that of property development.

The functional and presentational currency of the Company is £ Sterling.

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 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

Going concern

The Company is funded by a secured long-term bank loan and by other loans totalling £1,626,745 from a person connected with the director and from companies under that person's control, included within other creditors falling due within one year. These other loans are interest free and repayable on demand. In the opinion of the director, this financial support will continue to be made available to enable the Company to continue to meet its running costs and liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Based on his current assessment of the situation and available financial resources, the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3

Turnover

Turnover comprises rents receivable, exclusive of Value Added Tax.

Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

Page 2


2J LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.

2.7

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value. Cost for this purposes comprises the purchase cost of land and buildings, subsequent development expenditure overheads and capitalised interest charges.

In considering the net realisable value of land and property it is assumed that development will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.

Rental income earned from the property during the year whilst it is held pending sale is recognised in turnover in the period to which it relates. Associated rental expenses are charged to cost of sales.

2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions

2.10

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.

3.	Employees
	The director was the only employee of the Company during the current period.

Debtors

					2025
					£

	Other debtors	23,183

Page 3


2J LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

5.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	1,098
	Other creditors	1,647,421
	Accruals and deferred income	15,363
		1,663,882

6.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	2,180,483

The bank loan is secured by a fixed and floating charge over the assets of the Company.

7.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1 each	100

On incorporation, 100 Ordinary shares of £1 each were allotted and fully paid at par to provide initial capital.

Page 4