REGISTERED NUMBER: NI705680 (Northern Ireland)

Unaudited Financial Statements

for the Period 1st December 2024 to 31st January 2026

for

Walldith Properties 2 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W J Wallace

Mrs E Wallace

REGISTERED OFFICE:

Units 10-16, New Foundry Industrial Esta

Foundry Street

Portadown

United Kingdom

BT63 5AD

REGISTERED NUMBER:

NI705680 (Northern Ireland)

ACCOUNTANTS:

BMK Accounting Limited

43 Lockview Road

Belfast

Antrim

BT9 5FJ

FIXED ASSETS

Investment property

4

1,965,000

-

CURRENT ASSETS

Debtors

5

2,269

1

CREDITORS

Amounts falling due within one year

6

1,569,793

-

NET CURRENT (LIABILITIES)/ASSETS

(1,567,524

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

397,476

1

CAPITAL AND RESERVES

Called up share capital

393,001

1

Retained earnings

4,475

-

397,476

1

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

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

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th October 2026 and were signed on its behalf by:

W J Wallace - Director

1.	STATUTORY INFORMATION

Walldith Properties 2 Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,965,000

At 31st January 2026

1,965,000

NET BOOK VALUE

At 31st January 2026

1,965,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

30.11.24

£

£

Trade debtors

2,269

-

Other debtors

-

1

2,269

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

30.11.24

£

£

Amounts owed to group undertakings

1,564,168

-

Taxation and social security

2,412

-

Other creditors

3,213

-

1,569,793

-

7.	FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

8.	RELATED PARTY TRANSACTIONS

Walldith Properties 2 Limited has entered into transactions with Walldith Properties Limited which are under common ownership and control. Accordingly, these entities are considered to be related parties.

During the year, Walldith Properties Limited transferred properties to Walldith Properties 2 Limited. The consideration for the transfer was satisfied partly by the issue of shares by Walldith Properties 2 Limited and partly by loans advanced by Walldith Properties Limited to Walldith Properties 2 Limited.

These properties were transferred at their market value.

9.	ULTIMATE CONTROLLING PARTY

The ultimate holding company is Walldith Properties Holdings 2 Limited, a company incorporated in Northern Ireland. The company regards Mr William Wallace and Mrs Edith Wallace the controlling parties whom together own 100% of the share capital.