Company No: 05545877 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Sam Mackaness
	Shena Marie Roworth

SECRETARY

Shena Marie Roworth

REGISTERED OFFICE	Office 5 Olney House
	17 High Street
	Olney
	MK46 4EB
	United Kingdom

COMPANY NUMBER

05545877 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	463		441
Investment property	5	2,242,621		2,242,621
Investments	6	1,180,241		1,131,709
		3,423,325		3,374,771
Current assets
Debtors	7	18,191		20,002
Cash at bank and in hand	8	44,799		77,888
		62,990		97,890
Creditors: amounts falling due within one year	9	( 48,807)		( 48,909)
Net current assets		14,183		48,981
Total assets less current liabilities		3,437,508		3,423,752
Net assets		3,437,508		3,423,752
Capital and reserves
Called-up share capital	10	169		169
Share premium account		1,992,661		1,992,661
Fair value reserve		96,024		0
Profit and loss account		1,348,654		1,430,922
Total shareholders' funds		3,437,508		3,423,752

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Billing Properties No 2 Limited (registered number: 05545877) were approved and authorised for issue by the Board of Directors on 28 July 2026. They were signed on its behalf by:

Shena Marie Roworth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Billing Properties No 2 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office 5 Olney House, 17 High Street, Olney, MK46 4EB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	4 years straight line
Computer equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

4. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	38,705		7,447		46,152
Additions	0		200		200
Disposals	0		( 150)		( 150)
At 31 December 2025	38,705		7,497		46,202
Accumulated depreciation
At 01 January 2025	38,704		7,007		45,711
Charge for the financial year	0		178		178
Disposals	0		( 150)		( 150)
At 31 December 2025	38,704		7,035		45,739
Net book value
At 31 December 2025	1		462		463
At 31 December 2024	1		440		441

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	2,242,621
As at 31 December 2025	2,242,621

6. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	1,131,709		1,131,709
Additions	14,483		14,483
Disposals	( 75,000)		( 75,000)
Movement in fair value	109,049		109,049
At 31 December 2025	1,180,241		1,180,241
Carrying value at 31 December 2025	1,180,241		1,180,241
Carrying value at 31 December 2024	1,131,709		1,131,709

7. Debtors

	2025		2024
	£		£
Trade debtors	0		( 14)
Amounts owed by directors	9,025		9,050
Prepayments	8,908		10,708
Other debtors	258		258
	18,191		20,002

8. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	44,799		77,888

9. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	120		114
Accruals	27,360		27,479
Other taxation and social security	10,192		10,512
Other creditors	11,135		10,804
	48,807		48,909

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,694,880 Ordinary shares of £ 0.0001 each	169		169

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance outstanding at start of year	9,049		12,052
Amounts advanced	13,548		12,764
Amounts repaid	(13,572)		(15,767)
Balance outstanding at end of year	9,025		9,049

The loan was overdrawn to a maximum of £13,522 during the year. Interest of £25 was charged during the year where needed at the rate of 3.75%.