REGISTERED NUMBER: 12166609 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

HO PROPERTY 2 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Ovaisi

REGISTERED OFFICE:

Unit 3-4

Daltongate Business Centre

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

12166609 (England and Wales)

BANKERS:

Barclays Bank

63/67 Terminus Road

Eastbourne

BN21 3NE

FIXED ASSETS

Investment property

4

500,000

467,385

CURRENT ASSETS

Debtors

70,597

253,912

CREDITORS

Amounts falling due within one year

312,286

630,275

NET CURRENT LIABILITIES

(241,689

)

(376,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

258,311

91,022

CREDITORS

Amounts falling due after more than one year

(118,140

)

(3,682

)

PROVISIONS FOR LIABILITIES

(8,154

)

-

NET ASSETS

132,017

87,340

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

131,917

87,240

SHAREHOLDERS' FUNDS

132,017

87,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2026 and were signed by:

Mr H Ovaisi - Director

1.	STATUTORY INFORMATION

HO Property 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's investment property is held for long-term investment and is included in the Balance Sheet at open market value. The surplus or deficit on revaluation of freehold property is transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment property.

Rental income

Rents received are calculated on the accruals basis, net of VAT.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

467,385

Revaluations

32,615

At 31 January 2026

500,000

NET BOOK VALUE

At 31 January 2026

500,000

At 31 January 2025

467,385

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

32,615

Cost

467,385

500,000

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

WPA Trustees Ltd

146,386

222,211

WPA Trustees Limited hold debenture over the company incorporating a fixed charge, a floating charge and a negative pledge.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mr H Ovaisi

Balance outstanding at start of year

19,987

19,835

Amounts advanced

36,738

19,987

Amounts repaid

(19,987

)

(19,835

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,738

19,987

During the financial year the director was charged £631 (2025: £443) interest on the loan which is unsecured and repayable on demand.

8.	RELATED PARTY DISCLOSURES

SO Legal Ltd, a company controlled by Mr H Ovaisi paid rental income to the company in the year of £45,000 (2025: £45,000).

During the year HO Property 3 Ltd, a company controlled by Mr H Ovaisi, loaned the company £141,011 (2025: £128,169)

During the year HO Property 4 Ltd, a company controlled by Mr H Ovaisi, loaned the company £49,400 (2025: £49,400)

During the year HO Property 5 Ltd, a company controlled by Mr H Ovaisi, loaned the company £33,000 (2025: £33,000)

During the year HO Property 6 Ltd, a company controlled by Mr H Ovaisi, loaned the company £34,250 (2025: £31,750)

During the year The Old Library Ltd, a company controlled by Mr H Ovaisi, loaned the company £25,500 (2025: £25,500)

The company loaned HO Property Ltd, a company controlled by Mr H Ovaisi, the amount of £23,859 (2025: £23,859)

The company loaned HOHO Properties Ltd, a company controlled by Mr H Ovaisi, the amount of £10,000 (2025: £10,000)

The company loaned SO Legal Ltd, a company controlled by Mr H Ovaisi, the amount of £14,310 (2025:£81).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Ovaisi.