ISG Property Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

ISG Property Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

ISG PROPERTY CONSULTANCY LTD - Company Information

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REGISTERED NUMBER: 08099529 (England and Wales)


















ISG PROPERTY CONSULTANCY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019





Gerald Thomas
Chartered Accountants
3 New Mill Court
Swansea Enterprise Park
Swansea
SA7 9FG








ISG PROPERTY CONSULTANCY LTD (REGISTERED NUMBER: 08099529)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


ISG PROPERTY CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: I Griffiths
Mrs S A Griffiths





REGISTERED OFFICE: 3 New Mill Court
Swansea Enterprise Park
Swansea
SA7 9FG





REGISTERED NUMBER: 08099529 (England and Wales)





ACCOUNTANTS: Gerald Thomas
Chartered Accountants
3 New Mill Court
Swansea Enterprise Park
Swansea
SA7 9FG
Page 1
ISG PROPERTY CONSULTANCY LTD (REGISTERED NUMBER: 08099529)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2

CURRENT ASSETS
Debtors 5 758 6,979
Investments 6 10,000 10,000
Cash at bank 5,650 41,271
16,408 58,250
CREDITORS
Amounts falling due within one year 7 3,922 12,387
NET CURRENT ASSETS 12,486 45,863
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,488
45,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,388 45,765
SHAREHOLDERS' FUNDS 12,488 45,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 May 2019 and were signed on its
behalf by:





I Griffiths - Director


The notes form part of these financial statements

Page 2
ISG PROPERTY CONSULTANCY LTD (REGISTERED NUMBER: 08099529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

ISG Property Consultancy Ltd 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 Pound Sterling (£) and has been rounded to
the nearest pound.

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.

Going concern
The company has recorded a loss during the year but has both net current assets and net assets at
the balance sheet date and a cash balance of £5,650.

After making enquiries, the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. Accordingly, they continue to
adopt the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors which are considered to be relevant. Actual results may differ from these
estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision only affects that
period, or in the period of the revision and future periods if the revision affects both current and future
periods.

The following are the critical judgements that the directors have made in the process of applying the
company's accounting policies and that have the most significant effect on the amounts recognised in
the financial statements.

Impairment of assets
Assets 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 income statement.

Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a
reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities
are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only
disclosed if an inflow of economic benefits is probable.

Turnover and revenue recognition
Turnover is the amount derived from ordinary activities. Revenue is recognised on the outcome of
results of services provided when the company has the right to consideration.

Page 3 continued...
ISG PROPERTY CONSULTANCY LTD (REGISTERED NUMBER: 08099529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less depreciation.

Financial instruments
Basic financial assets which include trade and other debtors and cash and bank balances, are initially
measured at transaction price 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.

Basic financial liabilities, including trade, other creditors and loans, 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.

Taxation
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
Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

Current asset investments
Current asset investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4 continued...
ISG PROPERTY CONSULTANCY LTD (REGISTERED NUMBER: 08099529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2018
and 31 March 2019 424
DEPRECIATION
At 1 April 2018
and 31 March 2019 422
NET BOOK VALUE
At 31 March 2019 2
At 31 March 2018 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors - 6,914
Other debtors 758 65
758 6,979

6. CURRENT ASSET INVESTMENTS
2019 2018
£    £   
Unlisted investments 10,000 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security - 8,971
Other creditors 3,922 3,416
3,922 12,387

8. TRANSACTIONS WITH DIRECTORS

Included in other creditors are amounts of £3,015 (2018:- £2,210) owed by the company to its
directors. The balances are unsecured, interest-free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2018 - £30,000) were paid to the directors .

Page 5