For the financial year ended 27 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Bartley Wood Management Services No2 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Altus PM Ltd, 95 London Road, Croydon, Surrey, England, CR0 2RF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

In prior years the company directors concluded that certain debtor balances were potentially irrecoverable and cumulative bad debt provisions of £26,764 were provided.

Following the year end the directors have specifically addressed the issue of the outstanding arrears and have achieved success in obtaining payment for a significant element of the outstanding historic balances. As a result this has provided additional evidence about the position as at the year end, and the directors now believe that the previously provided bad debt provision is no longer required, with the bad debt provision of £26,764 being reversed in the current year.

The directors believe that the company is now better placed to continue in business and has the necessary resources to do so and continues to be a going concern.

Turnover represents service charge income receivable from tenants of Phase 2 of the Bartley Wood Estate in order to cover the tenants service charge costs incurred.

Cash and cash equivalents are basic financial assets with original maturities of three months or less.

Funds are held in trust in a client account maintained by the managing agents in the name of Bartley Wood Management Services No 2 Limited.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (excluding directors) employed by the company during the year was:

The parent company is Patron Hook Limited, a company incorporated in Jersey. The registered office is 3rd Floor Liberation House, Castle Street, St Helier, Jersey, JE1 2LH.