1 January 2025 v2026.37.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPNI6711642025-01-012025-12-31NI6711642025-12-31NI6711642024-12-31NI671164core:WithinOneYear2025-12-31NI671164core:WithinOneYear2024-12-31NI671164core:ShareCapital2025-12-31NI671164core:ShareCapital2024-12-31NI671164core:RevaluationReserve2025-12-31NI671164core:RevaluationReserve2024-12-31NI671164core:RetainedEarningsAccumulatedLosses2025-12-31NI671164core:RetainedEarningsAccumulatedLosses2024-12-31NI671164bus:Director12025-01-012025-12-31NI671164bus:RegisteredOffice2025-01-012025-12-31NI6711642024-01-012024-12-31NI671164core:CostValuation2025-01-01NI671164core:AdditionsToInvestments2025-12-31NI671164core:RevaluationsIncreaseDecreaseInInvestments2025-12-31NI671164core:CostValuation2025-12-31NI67116412025-01-012025-12-31NI671164countries:NorthernIreland2025-01-012025-12-31NI671164bus:AuditExempt-NoAccountantsReport2025-01-012025-12-31NI671164bus:PrivateLimitedCompanyLtd2025-01-012025-12-31NI671164bus:SmallEntities2025-01-012025-12-31NI671164bus:FullAccounts2025-01-012025-12-31
Company registration number:
NI671164
Inkos 2 Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2025
Inkos 2 Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Inkos 2 Limited
Year ended
31 December 2025
As described on the statement of financial position, the Board of Directors of
Inkos 2 Limited
are responsible for the preparation of the
financial statements
for the year ended
31 December 2025
, which comprise the income statement, statement of total comprehensive income, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Inkos 2 Limited
Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Investments 5
11,452,131
 
11,186,385
 
Current assets    
Debtors 6
1
 
1
 
Cash at bank and in hand
25,199
 
38,686
 
25,200
 
38,687
 
Creditors: amounts falling due within one year 7
(15,012
 )
(14,260
 )
Net current assets
10,188
 
24,427
 
Total assets less current liabilities 11,462,319   11,210,812  
Capital and reserves    
Called up share capital
1
 
1
 
Revaluation reserve
607,381
 
461,077
 
Profit and loss account
10,854,937
 
10,749,734
 
Shareholders funds
11,462,319
 
11,210,812
 
For the 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.
Director's responsibilities:
  • 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 director acknowledges their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
7 August 2026
, and are signed on behalf of the board by:
Michael Agnew
Director
Company registration number:
NI671164
Inkos 2 Limited
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
6 Osborne Gardens
,
Belfast
,
Antrim
,
BT9 6LE
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is a combination of Interest and Dividends received from Unit Trusts and OEIC's held within a managed portfolio (categorised within Investment note as Other Investments).

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

5 Investments

Shares in group undertakings and participating interestsOther investments other than loansTotal
£££
Cost or valuation      
At
1 January 2025
7,117,915
 
4,068,470
 
11,186,385
 
Additions -  
98,826
 
98,826
 
Revaluations -  
166,920
 
166,920
 
At
31 December 2025
7,117,915
 
4,334,216
 
11,452,131
 
Impairment      
At
1 January 2025
and
31 December 2025
 -   -   -  
Carrying amount      
At
31 December 2025
7,117,915
 
4,334,216
 
11,452,131
 
At 31 December 2024
7,117,915
 
4,068,470
 
11,186,385
 
Shares in Group Undertakings and Participating Interests comprises 33.33% of the equity share capital of DPAM Properties Ltd.
The shares in group undertakings and other investments were acquired via a capital distribution from Inkos Ltd, the total value of which was £10,578,732.

6 Debtors

20252024
££
Other debtors
1
 
1
 

7 Creditors: amounts falling due within one year

20252024
££
Taxation and social security
14,012
 
13,260
 
Other creditors
1,000
 
1,000
 
15,012
 
14,260
 

8 Controlling party

Michael Agnew is the controlling party.